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Newry

Learn about the people, housing, costs and businesses in Newry, Pennsylvania

Median Home$255,100
Median Rent$1,019/month
Population222
Leading IndustriesRetail · Public Administration · Finance & Insurance16% retail
Home Value Growth+10.7% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners76% of occupied units
NotableTransit84/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Newry
PA

Frequently Asked Questions

What are today's mortgage rates in Newry?

As of today, the 30-year fixed mortgage rate for Newry is approximately 6.988% (7.027% 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 Newry?

The median home value in Newry is $255k. The median monthly rent is $1,019. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newry?

Home values in Newry have increased 10.7% 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 Newry?

Based on a typical all-in ownership cost of $1,033/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newry is $85k/year.

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What industries drive the economy in Newry?

The largest employment sectors in Newry are public administration (27%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.