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Newburgh

Learn about the people, housing, costs and businesses in Newburgh, New York

Median Home$341,438
Median Rent$1,531/month
Population28,519
Leading IndustriesFinance & Insurance · Transportation · Public Administration7% finance & insurance
Home Value Growth⬆⬆⬆+21.8% over 2 years
Young Adults31% of residentsabove average nationally
Renters65% of occupied units
NotableAmenity Score78/100 · highly walkable area
Newburgh
NY

Frequently Asked Questions

What are today's mortgage rates in Newburgh?

As of today, the 30-year fixed mortgage rate for Newburgh is approximately 6.921% (6.958% 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 Newburgh?

The median home value in Newburgh is $341k. The median monthly rent is $1,531. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newburgh?

Home values in Newburgh have increased 21.8% 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 Newburgh?

Based on a typical all-in ownership cost of $1,627/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newburgh is $66k/year.

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What industries drive the economy in Newburgh?

The largest employment sectors in Newburgh are public administration (26%) and wholesale trade (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.