Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,202 people, 834 houses or apartments, and a median cost of homes of $369,060, Newport real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Newport, accounting for 55.19% of the city's housing units. Other types of housing that are prevalent in Newport include large apartment complexes or high rise apartments ( 23.17%), mobile homes or trailers ( 12.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.42%).
People in Newport primarily live in small (one, two or no bedroom) single-family detached homes. Newport has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Newport built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newport built between 1940-1969 ( 32.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.58%). There's also some housing in Newport built before 1939 ( 10.27%).
In the last 10 years, Newport has experienced some of the highest home appreciation rates of any community in the nation. Newport real estate appreciated 128.28% over the last ten years, which is an average annual home appreciation rate of 8.60%, putting Newport in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Newport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Newport appreciation rates have trailed the rest of the nation. In the last twelve months, Newport's appreciation rate has been 3.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newport were at 0.16%, which equates to an annual appreciation rate of 0.63%.
Notably, Newport's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Newport's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.
$369,060
for Washington
for nation
834
$1,137 / per month