June's First-Time Homebuyer Report for Newman

Newman is a small city in California with a median income of $46,632 per household. Besides being less affluent than average, its population is much older than others with a median age of 30 years. The Newman market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The best school in the city is Orestimba High School.

Price Range

Homes in Newman are generally less expensive than others in the state with a median home value of $102,100 and an average list price of $333,132.

Typical Dwelling

A four-bedroom detached home valued around $274,333 is considered a typical dwelling in Newman. If a buyer was looking for a similar home, they would need good credit and a $54,867 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $993 and the property tax rate is $8.35 per $1,000 of taxable assessed value.

Get started right now by checking out Newman homes for sale or reviewing Newman real estate trends.


Data reported through 6/15/2017

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