The housing market in Newport, NY is performing very well with the median value at $179,500 and a 1 year appreciation rate of 11.97%. This is higher than the US median value of $338,100 and US 1 year appreciation rate of 8.27%. Clearly, Newport's housing market is thriving and it can be an excellent investment option for those planning to buy or sell property in the area.
The median home cost in Newport is $179,500. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Newport is up 15.8%.
Average Age of Homes
- The median age of Newport real estate is 46 years old
The Rental Market in Newport
- Renters make up 17.3% of the Newport population
- 0.7% 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.