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Newton

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

Median Home$88,447
Median Rent$1,038/month
Population1,965
Leading IndustriesManufacturing · Wholesale Trade · Agriculture & Mining3% manufacturing
Family-Friendly24% of residentsslightly above average
Homeowners66% of occupied units
Newton
TX

Frequently Asked Questions

What are today's mortgage rates in Newton?

As of today, the 30-year fixed mortgage rate for Newton is approximately 7.031% (7.072% 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 $88k. The median monthly rent is $1,038. Annual property taxes average $906. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Newton?

Based on a typical all-in ownership cost of $647/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 Newton is $41k/year.

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What industries drive the economy in Newton?

The largest employment sectors in Newton are public administration (19%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.