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Newman

Learn about the people, housing, costs and businesses in Newman, California

Median Home$412,634
Median Rent$1,655/month
Population12,240
Leading IndustriesFinance & Insurance · Wholesale Trade · Information & Media9% finance & insurance
Home Value Growth+5.4% over 2 years
Family-Friendly28% of residentswell above average
Homeowners66% of occupied units
Newman
CA

Frequently Asked Questions

What are today's mortgage rates in Newman?

As of today, the 30-year fixed mortgage rate for Newman is approximately 6.866% (6.901% 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 Newman?

The median home value in Newman is $413k. The median monthly rent is $1,655. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newman?

Home values in Newman have increased 5.4% 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 Newman?

Based on a typical all-in ownership cost of $1,663/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newman is $80k/year.

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What industries drive the economy in Newman?

The largest employment sectors in Newman are public administration (17%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.