Newport, DE is a great place to invest in housing. Its median value of $241,300 is significantly lower than the national median value of $338,100. This makes it an attractive option for potential buyers and investors seeking to purchase property. Additionally, the 1 year house appreciation in Newport, DE is 10.72%, much higher than the US average of 8.27%. This shows that housing prices are increasing at a faster rate in Newport, DE than they are nationally. With these factors considered together, it's clear why Newport, DE has become an ideal location for those looking to buy or invest in real estate.
The median home cost in Newport is $241,300. Home appreciation the last 10 years has been 53.1%. Home Appreciation in Newport is up 12.1%.
Average Age of Homes
- The median age of Newport real estate is 55 years old
The Rental Market in Newport
- Renters make up 52.7% of the Newport population
- 5.4% 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.