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Newman Grove

Learn about the people, housing, costs and businesses in Newman Grove, Nebraska

Median Home$164,667
Median Rent$888/month
Population653
Leading IndustriesRetail · Construction · Agriculture & Mining25% retail
Home Value Growth⬆⬆⬆+33.4% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners78% of occupied units
Newman Grove
NE

Frequently Asked Questions

What are today's mortgage rates in Newman Grove?

As of today, the 30-year fixed mortgage rate for Newman Grove is approximately 7.033% (7.074% 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 Grove?

The median home value in Newman Grove is $165k. The median monthly rent is $888. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newman Grove?

Home values in Newman Grove have increased 33.4% 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 Newman Grove?

Based on a typical all-in ownership cost of $885/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newman Grove is $72k/year.

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What industries drive the economy in Newman Grove?

The largest employment sectors in Newman Grove are retail (25%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.