Similar to other places in this area, it is significantly less expensive compared to the rest of the country. However compared to the city of Cleveland, it is significantly more expensive.
Home prices
The median home price in New Waterford is $93,800. This is approximately $4,080 (4%) lower compared to its surrounding areas.Compared to the US as a whole it is approximately $123,700 (56%) lower, and is approximately $24,200 (34%) higher in comparison to the city of Cleveland.
Rents
The median monthly rent in New Waterford is $525. It is approximately $233 (30%) lower in comparison to its surrounding areas.Compared to the rest of the nation it is about $537 (50%) lower, and compared to the city of Cleveland it is approximately $194 (26%) lower.
Nearby places
East Palestine
East Palestine is about 3 miles east of New Waterford. Its real estate prices are somewhat less expensive. The value of the median home in East Palestine is $87,600, which comes out to $6,200 (7%) lower than New Waterford. Rent there is a lot more expensive. The median rent in East Palestine is $822 a month, which is $297 (36%) higher than New Waterford.
Columbiana
Columbiana is approximately 3 miles northwest of New Waterford. Housing prices there are significantly more expensive. The price of the median home in Columbiana is $148,300, which is $54,500 (36%) higher than New Waterford. Rent there is a little more expensive. The median monthly rent in Columbiana is $584, which comes out to $59 (10%) higher than New Waterford.
Rogers
Rogers is about 3 miles south of New Waterford. The housing prices there are a little less expensive. Rogers's median home value is $71,500, which comes out to $22,300 (31%) lower than New Waterford. Rent there is significantly more expensive. In Rogers the median rent is $857 a month, which works out to $332 (38%) higher than New Waterford.
Leetonia
Leetonia is approximately 6 miles west of New Waterford. Its real estate prices are somewhat less expensive. The median home price in Leetonia is $83,400, which comes out to $10,400 (12%) lower than New Waterford. Rent there is a lot more expensive. The median monthly rent in Leetonia is $837, which comes out to $312 (37%) higher than New Waterford.
Enon Valley
Enon Valley is roughly 7 miles east from New Waterford. Housing prices there are fairly similar. The median home in Enon Valley costs $98,600, which works out to $4,800 (4%) higher than New Waterford. Rent there is somewhat more expensive. The median rent in Enon Valley is $690 per month, which comes out to $165 (23%) higher than New Waterford.
