Newport Metro Area, OR Housing

The housing market in the Newport, OR Metro Area is doing quite well with a median value of $446,400 compared to the US median of $338,100. In addition, it has seen an increase in house appreciation of 8.28% over the last year which is only slightly higher than the US average of 8.27%. This indicates a strong housing market and suggests that now may be a good time for potential buyers to purchase or invest in real estate in Newport.

The median home cost in Newport Metro Area is $446,400. Home appreciation the last 10 years has been 143.9%. Home Appreciation in Newport Metro Area is up 14.2%.

Average Age of Homes

- The median age of Newport Metro Area real estate is 39 years old

The Rental Market in Newport Metro Area

- Renters make up 23.6% of the Newport Metro Area population
- 1.6% of houses and apartments in Newport Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Newport, Oregon	United States
	31,862.0	139,647,020.0
	41	42
	$446,400	$338,100
	14.2%	16.6%
	69.8%	57.0%
	143.9%	101.1%
	$9.60	$10.98
	$2,756	$2,690
	47.9%	57.4%
	30.7%	11.2%
	21.5%	31.4%
Vacant Housing
	1.6%	1.9%
	0.2%	0.4%
	1.1%	0.7%
	0.9%	0.4%
	24.2%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	4.1%	2.6%
	1.1%	2.4%
	1.3%	2.8%
	1.3%	3.9%
	1.5%	4.5%
	7.3%	11.3%
	11.1%	13.0%
	26.0%	20.1%
	22.5%	13.6%
	9.6%	8.3%
	10.6%	9.7%
	2.3%	3.9%
	0.6%	2.2%
	0.4%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.6%	13.6%
	13.6%	13.6%
	18.2%	13.6%
	12.6%	13.2%
	20.2%	14.8%
	18.2%	13.6%
	7.0%	10.0%
	6.6%	4.7%
	7.8%	12.2%

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