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Newberg

Learn about the people, housing, costs and businesses in Newberg, Oregon

Median Home$489,677
Median Rent$1,748/month
Population25,643
Leading IndustryRetail16% of local workforce
Home Value Growth+3.2% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners60% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableHigh Incomes$98k/year · top 18% nationally
Newberg
OR

Frequently Asked Questions

What are today's mortgage rates in Newberg?

As of today, the 30-year fixed mortgage rate for Newberg is approximately 6.867% (6.902% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Newberg?

The median home value in Newberg is $490k. The median monthly rent is $1,748. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newberg?

Home values in Newberg have increased 3.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Newberg?

Based on a typical all-in ownership cost of $1,924/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newberg is $98k/year.

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What industries drive the economy in Newberg?

The largest employment sectors in Newberg are public administration (21%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.