Newport Metro Area, TN Housing

The housing market in Newport, TN Metro Area is thriving. The median value of a house in the area is $186,900, which is significantly lower than the US median of $338,100. In addition, the one year house appreciation in Newport is 17.49%, compared to 8.27% nationally. This means that people who invest in this area can expect to see significant growth in their investments over time. Consequently, Newport is becoming increasingly attractive to potential homeowners and investors looking for an affordable place to live with strong prospects for future returns.

The median home cost in Newport Metro Area is $186,900. Home appreciation the last 10 years has been 112.1%. Home Appreciation in Newport Metro Area is up 26.4%.

Average Age of Homes

- The median age of Newport Metro Area real estate is 34 years old

The Rental Market in Newport Metro Area

- Renters make up 25.6% of the Newport Metro Area population
- 2.8% 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, Tennessee	United States
	17,784.0	139,647,020.0
	37	42
	$186,900	$338,100
	26.4%	16.6%
	86.6%	57.0%
	112.1%	101.1%
	$7.09	$10.98
	$852	$2,690
	56.8%	57.4%
	19.4%	11.2%
	23.8%	31.4%
Vacant Housing
	2.8%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	3.4%	3.6%
	12.2%	4.1%
Value of Owner-Occupied Housing
	7.1%	2.6%
	7.3%	2.4%
	5.9%	2.8%
	9.5%	3.9%
	12.7%	4.5%
	16.5%	11.3%
	20.5%	13.0%
	10.5%	20.1%
	4.6%	13.6%
	2.1%	8.3%
	1.6%	9.7%
	1.0%	3.9%
	0.4%	2.2%
	0.2%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	13.2%	13.6%
	13.2%	13.6%
	22.5%	13.6%
	15.3%	13.2%
	16.1%	14.8%
	22.5%	13.6%
	6.8%	10.0%
	4.7%	4.7%
	7.1%	12.2%

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