The typical owner-occupied home in Newry is worth about $303,400, 17% above the South Carolina median of $259,000 and 9% below the national median of $332,700. Owners pay a median $682 a year in property taxes, about 0.22% of their home's value, lower than the South Carolina rate of 0.48%. The median household earns $45,407 a year, so the median home costs 6.7 times the median income (3.7 times for South Carolina). 100% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Newry at a glance
| Newry | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $303,400 | $259,000 | $332,700 |
| Median property tax paid per year | $682 | $1,251 | $3,119 |
| Property tax as a share of value | 0.22% | 0.48% | 0.94% |
| Median household income | $45,407 | $69,324 | $80,734 |
| Homes lived in by their owners | 100% | 72% | 65% |
| Owner homes with a mortgage | 0% | 57% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,529 | $1,963 |
| Median rent | – | $1,180 | $1,413 |
| Median year homes were built | 1938 | 1992 | 1980 |
| Vacant homes | 5.8% | 13.3% | 10.1% |
| Population | 412 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Newry
At this week's average 30-year rate of 7.11%, buying the median Newry home of $303,400 with 20% down costs about $1,815 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,320, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $77,778 for the 20%-down payment. That payment is 48% of the median Newry household income of $45,407; at that income and 20% down, the 28% guideline points to a home of about $177,000.
| Down payment | $60,680 |
|---|---|
| Loan amount | $242,720 |
| Principal and interest | $1,633 |
| Property taxes (0.22% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $126 |
| PMI | $0 |
| Total per month | $1,815 |
Change the numbers in the calculator
| Down payment | $10,619 |
|---|---|
| Loan amount | $297,905 |
| Principal and interest | $2,004 |
| Property taxes (0.22% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $126 |
| FHA mortgage insurance | $134 |
| Total per month | $2,320 |
Change the numbers in the calculator
Questions about home buying in Newry
What is the median home value in Newry?
About $303,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newry?
Homeowners pay a median $682 a year, which is about 0.22% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Newry?
For the median home with 20% down at 7.11%, the payment is about $1,815 a month. Keeping that under 28% of gross income takes about $77,778 a year.
More about Newry
- Mortgage Refinance in Newry
- Debt Relief in Newry
- Home Equity Loans in Newry
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data