The housing in 08345 Newport, NJ is quite robust compared to the US median. The median value of a house in 08345 is $187,400, which is significantly lower than the US median of $338,100. However, despite its low median value, the home appreciation rate for 08345 has been higher than the US average over the past year at 10.41%, compared to 8.27%. Thus, overall, 08345 is an attractive place to invest in real estate with a relatively low entry point and strong potential for growth.
The median home cost in Newport (zip 08345) is $187,400. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Newport (zip 08345) is up 17.5%.
Average Age of Homes
- The median age of Newport (zip 08345) real estate is 61 years old
The Rental Market in Newport (zip 08345)
- Renters make up 10.0% of the Newport (zip 08345) population
- 2.5% of houses and apartments in Newport (zip 08345), 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.