The housing market in Newport, WA is doing remarkably well compared to the rest of the United States. On average, the median value for a house in Newport is $374,400 which is greater than the US median of $338,100. The 1 year house appreciation rate for the US was 8.27% while Newport saw an impressive increase of 15.73%. This shows that real estate prices in Newport are continuing to rise and this trend will likely continue into the future. Therefore, it can be assumed that investing in property in Newport would be a wise financial move.
The median home cost in Newport is $374,400. Home appreciation the last 10 years has been 115.4%. Home Appreciation in Newport is up 19.3%.
Average Age of Homes
- The median age of Newport real estate is 46 years old
The Rental Market in Newport
- Renters make up 38.8% of the Newport population
- 1.6% 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.