The housing market in Newport, MO is thriving. The median value of a house in the area is $216,600, which is significantly lower than the national median value of $338,100. However, the appreciation rate for houses in Newport has been higher than the national average over the last year, with an appreciation rate of 12.17%, compared to only 8.27% nationally. This indicates that investment in Newport real estate is a sound decision and could be lucrative for investors or homeowners alike.
The median home cost in Newport is $216,600. Home appreciation the last 10 years has been 99.4%. Home Appreciation in Newport is up 15.1%.
Average Age of Homes
- The median age of Newport real estate is 27 years old
The Rental Market in Newport
- Renters make up 13.1% of the Newport population
- 0.0% 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.