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Newton Grove

Learn about the people, housing, costs and businesses in Newton Grove, North Carolina

Median Home$135,200
Median Rent$958/month
Population662
Leading IndustriesRetail · Construction20% retail
Home Value Growth⬆⬆⬆+34.3% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners82% of occupied units
NotableAmenity Score80/100 · highly walkable area
Newton Grove
NC

Frequently Asked Questions

What are today's mortgage rates in Newton Grove?

As of today, the 30-year fixed mortgage rate for Newton Grove is approximately 6.970% (7.009% 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 Grove?

The median home value in Newton Grove is $135k. The median monthly rent is $958. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newton Grove?

Home values in Newton Grove have increased 34.3% 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 Grove?

Based on a typical all-in ownership cost of $593/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newton Grove is $51k/year.

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What industries drive the economy in Newton Grove?

The largest employment sectors in Newton Grove are public administration (23%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.