Much like its nearby areas, it's significantly less expensive compared to the rest of the country. Compared to the city of Memphis however, it is a little less expensive.
Home prices
The median home in Newbern is valued at $73,000. This is about $1,000 (1%) lower compared to other places in this area.It is about $144,500 (66%) lower compared to the US as a whole, and compared to the city of Memphis it is approximately $28,800 (28%) lower.
Rents
Newbern's median monthly rent is $692. Compared to its nearby areas it is approximately $33 (5%) higher.In comparison to the entire nation it is roughly $370 (34%) lower, and is roughly $209 (23%) lower compared to the city of Memphis.
Nearby places
Dyersburg
Dyersburg is about 7 miles southwest of Newbern. Real estate prices there are a bit more expensive. The median home in Dyersburg is valued at $105,800, which works out to $32,800 (31%) higher than Newbern. Rent there is similar. In Dyersburg the median rent is $664 per month, which comes out to $28 (4%) lower than Newbern.
Trimble
Trimble is approximately 7 miles northeast from Newbern. The housing prices there are a bit less expensive. Trimble's median home cost is $59,800, which is $13,200 (22%) lower than Newbern. Rent there is a little less expensive. In Trimble the median monthly rent is $613, which works out to $79 (12%) lower than Newbern.
Yorkville
Yorkville is roughly 7 miles east of Newbern. Real estate prices there are fairly similar. Yorkville's median home cost is $70,500, which comes out to $2,500 (3%) lower than Newbern. Its rents are similar. The median monthly rent in Yorkville is $700, which comes out to $8 (1%) higher than Newbern.
Obion
Obion is roughly 11 miles north of Newbern. Real estate prices there are a little less expensive. The median home cost in Obion is $68,500, which comes out to $4,500 (6%) lower than Newbern. Rent there is pretty similar. In Obion the median monthly rent is $666, which is $26 (3%) lower than Newbern.
Rutherford
Rutherford is about 13 miles east of Newbern. Real estate prices there are a little less expensive. The median home in Rutherford costs $65,400, which comes out to $7,600 (11%) lower than Newbern. Its rents are a little less expensive. Rutherford's median monthly rent is $650, which is $42 (6%) lower than Newbern.
