Newton County, Indiana Housing Market Prices
Newton County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 27% above the Indiana median More expensive than 74% of counties in Indiana$180,655
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Median rent 14% below the Indiana median$918
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Newton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,655 | $142,738 | $248,835 |
| Price Trend (Annual %) | 28.0% | 7.2% | 7.5% |
| Median Gross Rent | $918 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newton County is about 27% higher than in Indiana. Rent is about 14% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Newton County, up about 28.0% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Newton County rose about 31.5% between 2015 and 2024, from $698 to $918. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Newton County.
Buying the median-priced home in Newton County costs roughly 16.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Newton County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Newton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,655 | $142,738 | $248,835 |
| Median Household Income | $75,394 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newton County rose about 156.6%, while median household income rose about 30.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Newton County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.2% | 64.4% | 58.5% |
| Rental Rate | 17.8% | 26.9% | 31.2% |
| Vacancy Rate | 6.0% | 8.8% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Newton County has a homeownership rate of 76.2%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 6.0%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Newton County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1971 | 1975 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Newton County was built around 1971. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 18.0 years on average.
Newton County, IN Housing Compared With Nearby Counties
Newton County, IN is the smallest of the 4 counties compared here, 13,922 residents against a local median of 106,635. Where Newton County, IN breaks from the counties next to it is median home price, sitting 68% above the local median of $107,473 at $180,655.
Median rent tells the same story from another angle: $918 against a local median of $1,096, 16% below it. The counties themselves sit within $39,700 of each other on median home price, a tighter band than the gap between any of them and Newton County, IN, which makes it a genuine outlier here rather than one end of a wide local spread. Newton County, IN has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Newton County, IN | 13,922 | $180,655 #1/4 | $918 #3/4 | 81.1% #1/4 |
| Iroquois County, IL | 26,449 | $96,428 | $798 | 80.0% |
| Kankakee County, IL | 106,635 | $136,128 | $1,096 | 69.9% |
| Lake County, IN | 498,291 | $107,473 | $1,132 | 71.7% |
Frequently Asked Questions
Common questions about the housing market in Newton County, Indiana.
What is the median home price in Newton County, Indiana?
The median home price in Newton County, Indiana is $180,655, higher than the Indiana average of $142,738.
What is the average home price in Newton County, Indiana?
The typical home price in Newton County, Indiana, reported as the median sale price, is $180,655. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Newton County, Indiana?
The median gross rent in Newton County, Indiana is $918 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Newton County in 2020?
In 2020, the median gross rent in Newton County, Indiana was $710 per month.
What is the price-to-rent ratio in Newton County, Indiana?
The price-to-rent ratio in Newton County, Indiana is about 16.4, meaning it would take roughly 16.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Newton County.
Are home prices or rent rising faster in Newton County, Indiana?
Both home prices and rent are rising in Newton County, up about 28.0% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Newton County, Indiana?
76.2% of households in Newton County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Newton County, Indiana?
The housing vacancy rate in Newton County, Indiana is 6.0%, lower than the Indiana average of 8.8%.
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