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Newton

Learn about the people, housing, costs and businesses in Newton, Mississippi

Median Home$90,138
Median Rent$509/month
Population3,509
Leading IndustriesManufacturing · Transportation2% manufacturing
Home Value Growth⬆⬆⬆+44.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners57% of occupied units
NotableAffordable Market$90k median home · lower cost than 95% of the country
Newton
MS

Frequently Asked Questions

What are today's mortgage rates in Newton?

As of today, the 30-year fixed mortgage rate for Newton is approximately 7.007% (7.047% 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 Newton?

The median home value in Newton is $90k. The median monthly rent is $509. Annual property taxes average $934. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newton?

Home values in Newton have increased 44.6% 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 Newton?

Based on a typical all-in ownership cost of $555/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newton is $36k/year.

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What industries drive the economy in Newton?

The largest employment sectors in Newton are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.