Newport, KY has an impressive median house value of $199,100, which is significantly lower than the US median house value of $338,100. Over the past year the appreciation rate for housing in Newport is 14.21%, which is higher than the national average of 8.27%. This suggests that Newport is a great option for people looking to purchase a home, as they can expect strong returns on their investments while still being able to purchase property at a relatively good price.
The median home cost in Newport is $199,100. Home appreciation the last 10 years has been 78.7%. Home Appreciation in Newport is up 15.5%.
Average Age of Homes
- The median age of Newport real estate is 78 years old
The Rental Market in Newport
- Renters make up 43.8% of the Newport population
- 2.9% 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.