Newport, Tennessee is an attractive housing market with a median value that is significantly lower than the US median value. This affordability combined with an impressive 1 year house appreciation of 21.68%, makes Newport a great place for potential home buyers to consider. The positive appreciation rate in this area indicates that housing values continue to increase, making it a sound investment for those looking to buy or invest in property. The strong upward trend in the city's housing market is encouraging and has made Newport a popular choice among prospective homeowners.
The median home cost in Newport is $176,800. Home appreciation the last 10 years has been 114.6%. Home Appreciation in Newport is up 27.0%.
Average Age of Homes
- The median age of Newport real estate is 44 years old
The Rental Market in Newport
- Renters make up 45.5% of the Newport population
- 5.7% of houses and apartments in Newport, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.