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Newton Community

Learn about the people, housing, costs and businesses in Newton Community, Iowa

Median Home$172,416
Median Rent$854/month
Population57,210
Leading IndustriesFinance & Insurance · Information & Media · Transportation11% finance & insurance
Home Value Growth⬆⬆+20.0% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners68% of occupied units
NotableAffordable Market$172k median home · lower cost than 74% of the country
Newton Community
IA

Frequently Asked Questions

What are today's mortgage rates in Newton Community?

As of today, the 30-year fixed mortgage rate for Newton Community is approximately 6.964% (7.005% 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 Community?

The median home value in Newton Community is $172k. The median monthly rent is $854. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newton Community?

Home values in Newton Community have increased 20.0% 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 Community?

Based on a typical all-in ownership cost of $853/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newton Community is $60k/year.

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What industries drive the economy in Newton Community?

The largest employment sectors in Newton Community are public administration (18%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.