Zip Code:
75966 is a Texas Zip code within the city of Newton and the county of Newton County. Its population is roughly 4,920.
Newton is a small town in central Texas that has seen its share of ups and downs over the years. In recent years, Newton's economy has been on the upswing, with businesses expanding and new residents moving in. This growth has led to an increase in home prices and home equity.
According to Zillow, the median home value in Newton is $128,900. This is a significant increase from just five years ago when the median home value was only $86,000. The average price of a single-family home in Newton is now $159,000 which is also up significantly from just five years ago when the average price was only $122,500.
The reason for this surge in home values can be attributed to several factors: increased demand due to population growth; low interest rates; and limited supply of homes for sale. Additionally, many homeowners have taken advantage of low mortgage rates by refinancing their homes multiple times over the past few years. As a result of all these factors, homeownership rates are at an all-time high in Newton which has helped drive up prices even further.
Despite these positive trends, there are some risks associated with buying or owning a home in Newton. For example, if there is a housing market crash or recession (which seems increasingly likely as we head into 2020), then prices could fall significantly and many homeowners could find themselves struggling to repay their mortgages. Additionally, if you are not able to qualify for a mortgage because your credit score isn't good enough or you don't have enough money down payment saved up (due to high interest rates), then you may not be able to purchase or own a home in Newton no matter how much money you have saved up.
Price Index: Beaumont-Port Arthur, TX
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
75951 | 15,859 | 15.6 | America/Chicago | 30.94151 | -94.05384 | Jasper | Jasper | Texas |
75932 | 1,743 | 5.4 | America/Chicago | 31.05408 | -93.60988 | Burkeville | Newton County | Texas |
75928 | 1,198 | 5.1 | America/Chicago | 30.67148 | -93.71173 | Bon Wier | Newton County | Texas |
75977 | 291 | 0.6 | America/Chicago | 31.06121 | -93.78207 | Wiergate | Newton County | Texas |