The housing market in Newport, MI (zip code 48166) is currently very active. According to the latest statistics, the median value of a home in Newport is $212,300, which is significantly lower than the US median house value of $338,100. However, house values in Newport have appreciated 8.47% over the past year which is slightly higher than the national appreciation rate of 8.27%. This suggests that there is great potential for growth in this area and investors should take advantage of this market opportunity.
The median home cost in Newport (zip 48166) is $212,300. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Newport (zip 48166) is up 13.1%.
Average Age of Homes
- The median age of Newport (zip 48166) real estate is 29 years old
The Rental Market in Newport (zip 48166)
- Renters make up 10.7% of the Newport (zip 48166) population
- 0.4% of houses and apartments in Newport (zip 48166), 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.