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Newland

Learn about the people, housing, costs and businesses in Newland, North Carolina

Median Home$222,300
Median Rent$697/month
Population698
Leading IndustriesConstruction · Agriculture & Mining · Transportation6% construction
Home Value Growth⬆⬆+11.6% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners83% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableTransit84/100 · excellent transit access
Newland
NC

Frequently Asked Questions

What are today's mortgage rates in Newland?

As of today, the 30-year fixed mortgage rate for Newland is approximately 7.028% (7.069% 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 Newland?

The median home value in Newland is $222k. The median monthly rent is $697. Annual property taxes average $930. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newland?

Home values in Newland have increased 11.6% 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 Newland?

Based on a typical all-in ownership cost of $663/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newland is $54k/year.

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What industries drive the economy in Newland?

The largest employment sectors in Newland are retail (10%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.