Housing in Newport, SD is a great investment. The median value of a house in Newport is $264,900, which is lower than the US House Median Value of $338,100. This makes it more accessible for those looking to purchase a home. Additionally, the one year appreciation rate for housing in Newport is 14.45%, which is higher than the US one year appreciation rate of 8.27%. This means homeowners have the potential to see greater returns on their investments if they choose to stay in the area and rent or resell their homes.
The median home cost in Newport is $264,900. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Newport is up 17.2%.
Average Age of Homes
- The median age of Newport real estate is 78 years old
The Rental Market in Newport
- Renters make up 0.0% 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.