Market Overview
Home Prices in Newman, IL
The median home value in Newman, IL is $96,732 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 14.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Newman are priced76% below average.
Over the past five years, Newman home values have risen by approximately68.5%, reflecting strong long-term appreciation in this market.
Price History
Newman Home Price Trend
2020
$48,653
$49K
—
2021
$57,409
$57K
+18.0%
2022
$63,117
$63K
+9.9%
2023
$68,697
$69K
+8.8%
2024
$80,876
$81K
+17.7%
2025
$92,334
$92K
+14.2%
2026
$96,732
$97K
+4.8%
City Comparison
Newman vs. National Median
🏠 Newman
$96,732
National Median
$410,000
At $96,732, homes in Newman cost 76% below the national median of $410,000. This makes Newman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Newman?
20% Down Payment
$19,346
on $96,732
Monthly P&I
$504/mo
30-yr @ 6.8%
Total Monthly Est.
~$640/mo
incl. taxes & insurance
Income Needed
$25,600
gross annual (30% rule)
10% Down Option
$9,673
+ PMI applies
Loan Amount (20% dn)
$77,386
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Newman, IL?
The median home value in Newman is $96,732 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Newman?
Over the past year, home values in Newman have increased by 4.8%. Over five years, prices have risen approximately 68.5%.
How much do I need to earn to buy a home in Newman?
To comfortably afford the median home price of $96,732 with a 20% down payment ($19,346) at today's rates (6.8%), you'd need a gross annual income of approximately $25,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Newman compare to the national average home price?
The national median home value is approximately $410,000. At $96,732, homes in Newman are 76% below the national average.