The housing market in Newport, NY (13416) has seen a high level of appreciation over the last year, at 11.97%. This is higher than the US 1-year appreciation rate of 8.27%. The median value of housing in Newport is $185,600, which is much lower than the US House Median Value of $338,100. While prices are still quite high compared to many other cities, they have been rising rapidly and it may be worth considering buying a home in Newport soon before prices rise too much.
The median home cost in Newport (zip 13416) is $185,600. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Newport (zip 13416) is up 15.8%.
Average Age of Homes
- The median age of Newport (zip 13416) real estate is 46 years old
The Rental Market in Newport (zip 13416)
- Renters make up 19.1% of the Newport (zip 13416) population
- 0.6% of houses and apartments in Newport (zip 13416), 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.