Zip 55055 (Newport, MN) Housing

The housing market in Newport, MN (55055) is quite strong, with a median value of $308,100. This is slightly lower than the US house median value of $338,100. Despite this difference, homes in Newport have appreciated by 6.66% over the last year, which is just shy of the 8.27% growth seen across the country. This indicates that while prices may be slightly lower than average, the market in Newport is still very stable and shows promise for future investment.

The median home cost in Newport (zip 55055) is $308,100. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Newport (zip 55055) is up 12.2%.

Average Age of Homes

- The median age of Newport (zip 55055) real estate is 41 years old

The Rental Market in Newport (zip 55055)

- Renters make up 32.4% of the Newport (zip 55055) population
- 0.0% of houses and apartments in Newport (zip 55055), 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, Minnesota	United States
	1,743.0	139,647,020.0
	49	42
	$308,100	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$12.35	$10.98
	$3,039	$2,690
	69.0%	57.4%
	2.1%	11.2%
	28.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.1%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	0.0%	2.4%
	0.7%	2.8%
	0.0%	3.9%
	0.5%	4.5%
	11.6%	11.3%
	14.8%	13.0%
	31.8%	20.1%
	16.1%	13.6%
	13.3%	8.3%
	9.2%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	6.3%	13.6%
	20.3%	13.2%
	21.4%	14.8%
	6.3%	13.6%
	9.9%	10.0%
	4.0%	4.7%
	12.2%	12.2%

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