Newport, VA (24128) is a great place to buy a home. According to recent data, the median value of housing in this area is $266,400, which is significantly lower than the US house median value of $338,100. On top of that, the 1-year appreciation rate of houses in Newport is 15.80%, much higher than the national average of 8.27%. This makes Newport an excellent choice for people looking to invest in real estate. With its low rates and high appreciation rate, buying a house here would be a sound investment.
The median home cost in Newport (zip 24128) is $266,400. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Newport (zip 24128) is up 15.8%.
Average Age of Homes
- The median age of Newport (zip 24128) real estate is 36 years old
The Rental Market in Newport (zip 24128)
- Renters make up 9.4% of the Newport (zip 24128) population
- 2.1% of houses and apartments in Newport (zip 24128), 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.