Similar to the surrounding areas, it is significantly less expensive compared to the US as a whole. However it is a bit less expensive compared to the city of Jackson.
Home prices
The median home in Newton costs $74,500. Compared to its surrounding areas it is roughly $3,420 (4%) higher.Compared to the US as a whole it is about $143,000 (65%) lower, and in comparison to the city of Jackson is about $16,200 (17%) lower.
Rents
The median rent in Newton is $670 a month. This is about $64 (10%) higher in comparison to nearby areas.It is roughly $392 (36%) lower in comparison to the entire country, and is approximately $177 (20%) lower in comparison to the city of Jackson.
Nearby places
Hickory
Hickory is about 6 miles east of Newton. Housing prices there are a little less expensive. Hickory's median home price is $65,000, which comes out to $9,500 (14%) lower than Newton. Rents there are significantly less expensive. The median rent in Hickory is $387 per month, which is $283 (73%) lower than Newton.
Decatur
Decatur is approximately 8 miles north from Newton. Housing prices there are a bit more expensive. The median home cost in Decatur is $106,300, which is $31,800 (29%) higher than Newton. Its rents are a little less expensive. The median monthly rent in Decatur is $540, which is $130 (24%) lower than Newton.
Lake
Lake is roughly 9 miles west of Newton. The real estate prices there are fairly similar. Lake's median home value is $72,500, which comes out to $2,000 (2%) lower than Newton. Its rents are somewhat less expensive. Lake's median monthly rent is $594, which works out to $76 (12%) lower than Newton.
Chunky
Chunky is approximately 11 miles east from Newton. Housing prices there are a little less expensive. The median home in Chunky is valued at $60,900, which comes out to $13,600 (22%) lower than Newton. Rents there are a bit more expensive. In Chunky the median monthly rent is $756, which is $86 (11%) higher than Newton.
Conehatta
Conehatta is about 11 miles northwest from Newton. Its housing prices are a lot less expensive. The cost of the median home in Conehatta is $50,700, which works out to $23,800 (46%) lower than Newton. Its rents are a bit more expensive. In Conehatta the median rent is $754 per month, which works out to $84 (11%) higher than Newton.
