The housing market in Newport, SC is thriving - the median value of homes is currently $254,500 which is significantly lower than the US house median value of $338,100. Additionally, house appreciation over the past year has been a strong 19.31% compared to 8.27% for the entire US; this suggests that Newport's housing market is outperforming other markets in the country. With its relatively low median price and strong growth potential, Newport makes an attractive option for prospective home buyers looking to invest in a robust real estate market.
The median home cost in Newport is $254,500. Home appreciation the last 10 years has been 115.8%. Home Appreciation in Newport is up 23.3%.
Average Age of Homes
- The median age of Newport real estate is 30 years old
The Rental Market in Newport
- Renters make up 16.1% 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.