The housing market in Newport, AR is steadily climbing with a median value of $92,300. This number is much lower than the US house median value of $338,100 and reflects the affordability of homes in the area. The US saw a 1 year house appreciation rate of 8.27%, while Newport saw an even higher 1 year appreciation rate of 9.77%. This indicates that the local housing market is doing very well and prices are likely to continue to rise. It is a great opportunity for those looking to own a home or invest in property in this area.
The median home cost in Newport is $92,300. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Newport is up 18.8%.
Average Age of Homes
- The median age of Newport real estate is 46 years old
The Rental Market in Newport
- Renters make up 39.9% of the Newport population
- 2.7% 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.