Summer of 2001 me and my grandparents visited relatives in the US. Our stay first took us to Virginia for a week, before we were driven half way across the continent to the bustling small town of Newton, IA.
Over the years ive thought about going back, but not got around to it. But i figured id look the place up recently. Googling Newton, IA i got a rundown on the place. The Maytag factory, lifeblood of the community, shut down in the 00s as they moved to mexico or some other shithole. This left the people of Newton to face the recession already reeling. According to a reddit post Newton is known for being a place with nothing to do, except smoke weed and/or cook meth.
So how is the place doing now, must be a good place to score a cheap home being both a small town and not in the best economy
Looking up the house i stayed at in 01 on Zillow, its not currently on the market. Last listed in 2012 at 139k. It has over the last 5 years gone from a estimated 150k to now pushing 240k.
And its the same for every current listing in Newton, IA in the same price range.
This one was estimated at 100k five years ago, just sold for 239k https://www.zillow.com/homedetails/407-W-8th-St-S-Newton-IA-50208/86981175_zpid/
Estimated at115k in 2020, sold for 215k https://www.zillow.com/homedetails/1015-W-3rd-St-S-Newton-IA-50208/86982395_zpid/
Sold for 75k in 2022, then 250k in 2024. Hell of a house flip it looks like. https://www.zillow.com/homedetails/706-1st-Ave-W-Newton-IA-50208/86981045_zpid/
Im glad im not looking for a house in Newton, Iowa.
My house more than doubled in "value" since 2016. I live West/South Central area in bumfucksville and I paid 89k at the ass end of 2015.
My house is now valued around 196k. I can say my wages most certainly didn't double since then, but not too far off. Still, any extra monetary burden that I didn't volunteer for sucks. Property taxes inflation, development, whatever, it's fucking me over just that bit extra.
Payments went up from 610 in 2016 to 1050 now. Not awful but I don't exactly live in a high wage area and I'm single.
It's not breaking me or anything but again it's irritating. I almost wish I wasn't a homeowner but renting can't be any better.