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Newberry

Learn about the people, housing, costs and businesses in Newberry, Indiana

Median Home$134,700
Median Rent$966/month
Population183
Leading IndustriesManufacturing · Agriculture & Mining · Construction3% manufacturing
Home Value Growth⬆⬆+15.3% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners88% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Newberry
IN

Frequently Asked Questions

What are today's mortgage rates in Newberry?

As of today, the 30-year fixed mortgage rate for Newberry is approximately 7.059% (7.101% 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 $135k. The median monthly rent is $966. Annual property taxes average $628. 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 15.3% over the past two years. This indicates a strong appreciation trend. 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 $671/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newberry is $63k/year.

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What industries drive the economy in Newberry?

The largest employment sectors in Newberry are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.