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Newberry

Learn about the people, housing, costs and businesses in Newberry, South Carolina

Median Home$153,430
Median Rent$799/month
Population10,512
Leading IndustryRetail18% of local workforce
Home Value Growth+9.3% over 2 years
Young Adults33% of residentswell above average
Homeowners55% of occupied units
NotableAmenity Score81/100 · highly walkable area
NotableAffordable Market$153k median home · lower cost than 73% of the country
Newberry
SC

Frequently Asked Questions

What are today's mortgage rates in Newberry?

As of today, the 30-year fixed mortgage rate for Newberry is approximately 6.951% (6.992% 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 Newberry?

The median home value in Newberry is $153k. The median monthly rent is $799. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newberry?

Home values in Newberry have increased 9.3% 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 Newberry?

Based on a typical all-in ownership cost of $719/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newberry is $54k/year.

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What industries drive the economy in Newberry?

The largest employment sectors in Newberry are public administration (25%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.