There are currently 29,114 real estate properties in Newnan, GA, with a median automated valuation model (AVM) price of $261,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Newnan, GA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Newnan, GA, is $285,368.00, with the most expensive house in Newnan, GA, topping out at $13,644,200.00 and the cheapest home in Newnan, GA, clocking in at $15,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Newnan, GA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Newnan, GA, is on a rollercoaster ride. The average rent price in Newnan, GA, is $1,434.00. Indeed, when looking to rent in Newnan, GA, you can expect to pay as little as $610.00 or as much as $4,460.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Newnan, GA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Newnan, GA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Newnan, GA and much more. Save thousands at closing with home foreclosure listings in Newnan, GA — up to 75% off market value!
Newnan is located in Coweta, Georgia, with an estimated municipal population of 41,581 residents. All of the best foreclosed homes for sale in Newnan are located in the following zip code areas on Foreclosure.com: 30263 30265 30264 30271. The estimated population per square kilometer (.62 miles) in Newnan is 831.
So, about how much do homes cost in Newnan? The most recent median value of resident-owned homes in Newnan is 206,302. An estimated 54.5 percent of households in Newnan own their homes, with an average family size of 3.17. The median household income in Newnan is 63,606, with28.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Newnan, the median commute time of resident workers (in minutes) is 28.8. And last, but certainly not least, are you looking for homes to rent in Newnan? If so, the average rent price paid by renters in Newnan is 1,039, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Newnan, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Newnan is 35.1, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Newnan is 47.5, with an average family size of 3.17.
The percentage of residents who report their race in Newnan is as follows:
|Black / African American||32%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Newnan? Or maybe you are searching for 55+ active adult communities in and/or near Newnan?
The percentage of residents who report their age in Newnan is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Newnan with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Newnan.
How do you know that living in -- or moving to -- Newnan is right where you need to be? Perhaps you grew up in Newnan or already live nearby; therefore, the decision to buy a home in Newnan is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Newnan for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Newnan:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Newnan.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Newnan can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Newnan, meanwhile, can field multiple offers from more qualified buyers.