Newburg, IL housing market
Home prices around Newburg have risen about 31% over the past 5 years.
Home values, sales, trends and how Newburg compares with the towns next door — updated as new data is published.
Home prices up 31% in 5 years
The federal house price index for the ZIP codes around Newburg rose 31% over the past 5 years, slower than across Illinois (47%). Last year prices fell 6.9%. Carrying the Census median home value forward with that index puts the typical Newburg home at roughly $160,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | −6.9% | +67% | +96% |
| 2024 | +15% | +79% | +85% |
| 2023 | +1.4% | +56% | +73% |
| 2022 | +15% | +53% | +61% |
| 2021 | +4.8% | +34% | +44% |
| 2020 | −2.7% | +27% | +33% |
| 2019 | +8.8% | +31% | +32% |
| 2018 | −1.2% | +20% | +28% |
| 2017 | −0.4% | +22% | +25% |
| 2016 | +3.2% | +22% | +22% |
| 2015 | +4.3% | +18% | +19% |
| 2014 | −3.2% | +14% | +15% |
| 2013 | −0.3% | +17% | +11% |
| 2012 | +1.1% | +18% | +11% |
| 2011 | +0.7% | +16% | +14% |
| 2010 | +0.3% | +16% | +21% |
| 2009 | −1.6% | +15% | +29% |
| 2008 | +2.4% | +17% | +40% |
| 2007 | −0.1% | +14% | +45% |
| 2006 | +5.2% | +14% | +43% |
| 2005 | +3.6% | +8.7% | +35% |
| 2004 | −1.2% | +4.9% | +24% |
| 2003 | −1.5% | +6.2% | +15% |
| 2002 | +1.7% | +7.8% | +11% |
| 2001 | +6% | +6% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 62363, 62340, covering 82% of Newburg’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Newburg and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Newburg | — | −6.9%† | $960 | — | — |
| Pittsfield | $137K | +2.3% | $970 | — | $58,594 |
| Griggsville | $108K | +1.4% | $920 | — | $43,750 |
| Pittsfield | — | −6.9%† | $970 | 0 | $54,643 |
| Hardin | — | −6.9%† | $1,040 | — | — |
| Detroit | — | −6.9%† | $970 | — | $28,542 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Newburg is $960 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $660 · 4 bedrooms $1,440
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62340, 62363; Pike County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.