Housing in Newport, IN (47966) is relatively affordable compared to the overall median value for housing in the US. The median value of houses in Newport is currently $80,200 while the US median value for housing is $338,100, making Newport a more attractive option for potential home buyers looking for an affordable price point. Additionally, houses in Newport have appreciated by 10.75% over the last year compared to 8.27% appreciation nationally so investing in housing here can potentially yield higher returns than other areas of the country.
The median home cost in Newport (zip 47966) is $80,200. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Newport (zip 47966) is up 14.6%.
Average Age of Homes
- The median age of Newport (zip 47966) real estate is 50 years old
The Rental Market in Newport (zip 47966)
- Renters make up 11.0% of the Newport (zip 47966) population
- 3.2% of houses and apartments in Newport (zip 47966), 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.