What percentage of people rent in Newland, NC?
41.9% (±15.0 points) of the occupied homes in Newland, NC are rented (2020–2024 American Community Survey).
That is 164 renting households against 227 that own their home.
In Newland, the share of households that rent went from 63.7% in 2015–2019 to 41.9% in 2020–2024 (−21.8 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 41.9% (±15.0 points)
- Renting households
- 164 (±68)
- Median renter income
- $37,647 (±$18,429)
Who rents and who owns in Newland
| Newland | Avery County | North Carolina | United States | |
|---|---|---|---|---|
| Renter-occupied share | 41.9% (±15.0 points) | 17.0% (±3.0 points) | 33.4% (±0.2 points) | 34.8% |
| Renting households | 164 (±68) | 1,154 (±244) | 1,428,852 (±8,279) | 45,017,354 |
| Owning households | 227 (±90) | 5,637 (±280) | 2,853,493 (±14,473) | 84,210,142 |
| Average renter household size | 1.7 (±0.3) | 2.2 (±0.3) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.5 (±0.6) | 2.3 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $37,647 (±$18,429) | $39,118 (±$8,932) | $48,010 (±$418) | $52,966 |
| Median owner household income | $54,135 (±$32,236) | $75,681 (±$9,856) | $88,911 (±$521) | $100,009 |
In Newland, the renter share is higher than in Avery County (17.0%).
It is not measurably different from North Carolina (33.4%).
It is not measurably different from the national figure (34.8%).
In Avery County, Newland ranks 2 of 6 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 190 of 663.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Newland has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 63.7% (±10.5 points) | 41.9% (±15.0 points) | −21.8 percentage points | Measurable decrease |
| Median gross rent | $667 (±$89) | $792 (±$93) | +18.7% | No measurable change after inflation |
| Median household income | $22,679 (±$4,122) | $46,006 (±$10,415) | +102.9% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Newland
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Newland | — | 41.9% (±15.0 points) | — |
| Grandfather Village | 4.1 mi | 0.0% (±100.0 points) | Not measurably different |
| Sugar Mountain | 4.4 mi | 7.0% (±3.7 points) | Lower |
| Crossnore | 4.5 mi | 0.0% (±72.3 points) | Not measurably different |
| Elk Park | 5.7 mi | 47.5% (±17.0 points) | Not measurably different |
| Banner Elk | 5.9 mi | 31.1% (±11.7 points) | Not measurably different |
| Seven Devils | 7.7 mi | 7.2% (±7.0 points) | Lower |
| Beech Mountain | 8.8 mi | 10.7% (±4.6 points) | Lower |
| Foscoe | 9.5 mi | 26.6% (±13.2 points) | Not measurably different |
Nearby places with a measurably lower figure: Sugar Mountain, NC (7.0%), Seven Devils, NC (7.2%), Beech Mountain, NC (10.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Avery County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Elk Park | 47.5% (±17.0 points) |
| 2 | Newland | 41.9% (±15.0 points) |
| 3 | Banner Elk | 31.1% (±11.7 points) |
| 4 | Sugar Mountain | 7.0% (±3.7 points) |
| 5 (tie) | Crossnore | 0.0% (±72.3 points) |
| 5 (tie) | Grandfather Village | 0.0% (±100.0 points) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Newland
How many renters are there in Newland?
Newland has an estimated 164 (±68) renting households, 41.9% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Newland?
In Newland, the share of households that rent went from 63.7% in 2015–2019 to 41.9% in 2020–2024 (−21.8 percentage points), a measurable decrease.
How big are renting households in Newland?
A renting household in Newland has 1.7 people on average, against 2.5 in an owned home.
How much do renters earn in Newland?
The median renting household in Newland, NC has an income of $37,647 (±$18,429) a year, against $54,135 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Newland town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Newland town, North Carolina
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Newland town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Newland town, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Newland town, North Carolina
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Newland town, North Carolina (place:46740, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Newland at a glance
- Median rent in Newland
- Rent burden in Newland
- Income and affordability in Newland
- Home values in Newland
- Homeowner costs in Newland
- Property taxes in Newland
- Types of homes in Newland
- Bedrooms in Newland
- Age of homes in Newland
- Heating fuel in Newland
- Commute and cars in Newland
- North Carolina landlord and tenant rules
- Housing across Avery County
- North Carolina places ranked by share of renters
- Housing data for every place in North Carolina