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Newton Local

Learn about the people, housing, costs and businesses in Newton Local, Ohio

Median Home$252,033
Median Rent$754/month
Population3,377
Leading IndustriesRetail · Transportation · Professional Services17% retail
Home Value Growth⬆⬆+17.4% over 2 years
Family-Friendly27% of residentswell above average
Homeowners82% of occupied units
NotableVeteran Community12% of residents · top 3% nationally
NotableHigh Incomes$88k/year · top 28% nationally
Newton Local
OH

Frequently Asked Questions

What are today's mortgage rates in Newton Local?

As of today, the 30-year fixed mortgage rate for Newton Local is approximately 6.967% (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 Local?

The median home value in Newton Local is $252k. The median monthly rent is $754. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newton Local?

Home values in Newton Local have increased 17.4% 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 Local?

Based on a typical all-in ownership cost of $1,107/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newton Local is $88k/year.

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What industries drive the economy in Newton Local?

The largest employment sectors in Newton Local are public administration (26%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.