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Newman, IL

Full City Profile · Illinois · Edgar County County

4.0 /5.0
A Great
796 Population 1,305/sq mi density
$73,526 Median Income $33,836 per capita
$106,700 Home Value $84,191 Zillow
$768 Median Rent 17.1% income on rent
52°F Avg Temperature 293 sunny days/yr
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.5 / 5.0
$73,526 median income, 1.0% unemployment
A+
Affordability
5.0 / 5.0
$106,700 home value, $768/mo rent
C+
Education
2.6 / 5.0
20.4% bachelor's degree or higher

Housing Overview

Median Home Value
$106,700
62% below
US avg: $281,900
Median Rent
$768/mo
34% below
US avg: $1,163/mo
Homeownership Rate
90.6%
39% above US avg (65.4%)
Total Housing Units
457
Median year built: 1961

Home Value by Source

Census Median
$106,700
Zillow (ZHVI)
$84,191
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

90.6%
Owner-Occupied
9.4%
Renter-Occupied
91%
9%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $768/mo

Affordability & Housing Stock

Rent Burden
17.1%
of renters spending 30%+ of income on housing
45% below US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
90.6%

Complete Housing Data

Home Values

Census Median Value$106,700
Zillow Home Value (ZHVI)$84,191

Rent

Census Median Rent$768
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Ownership & Stock

Owner-Occupied90.6%
Renter-Occupied9.4%
Homeownership Rate90.6%
Total Housing Units457
Median Year Built1961
Rent Burden17.1%