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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Newport, TN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newport, TN Housing Market Trends

With 6,901 people, 2,862 houses or apartments, and a median cost of homes of $165,708, house prices in Newport are solidly below the national average.

Single-family detached homes are the single most common housing type in Newport, accounting for 68.14% of the city's housing units. Other types of housing that are prevalent in Newport include duplexes, homes converted to apartments or other small apartment buildings ( 18.58%), mobile homes or trailers ( 8.52%), and a few large apartment complexes or high rise apartments ( 4.25%).

People in Newport primarily live in small (one, two or no bedroom) single-family detached homes. Newport has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Newport built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newport built between 1940-1969 ( 34.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.31%). There's also some housing in Newport built before 1939 ( 11.89%).

Vacant housing appears to be an issue in Newport. Fully 18.95% of the housing stock is classified as vacant. Left unchecked, vacant Newport homes and apartments can be a drag on the real estate market, holding Newport real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Newport Home Appreciation Rates

Appreciation rates for homes in Newport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.85%, which ranks in the top 50% nationwide. This equates to an annual average Newport house appreciation rate of 6.45%.

NeighborhoodScout's data show that during the latest twelve months, Newport's appreciation rate, at 4.87%, has been at or slightly above the national average. In the latest quarter, Newport's appreciation rate has been 0.34%, which annualizes to a rate of 1.36%.

Relative to Tennessee, our data show that Newport's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Newport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newport - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Newport real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$165,708

Newport, TN Home Prices
> $1,439,000
$1,079,001 - $1,439,000
$719,001 - $1,079,000
$575,001 - $719,000
$432,001 - $575,000
$288,001 - $432,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
0.8%
0.8%
2.3%
2.3%
2.3%
2.3%
1.2%
1.2%
3.5%
3.5%
8.5%
8.5%
46.6%
46.6%
20.7%
20.7%
14.3%
14.3%
0% 100.0%
% of Homes
Very Low

for Tennessee

Low

for nation

Number of Homes And Apartments:

2,862

Newport Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,335 / per month

Homeownership Rate

Owners
Renters
51.2%
51.2%
48.8%
48.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
18.9%
18.9%
81.1%
81.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.3%
16.3%
37.4%
37.4%
34.4%
34.4%
11.9%
11.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.1%
68.1%
0.5%
0.5%
18.6%
18.6%
4.2%
4.2%
8.5%
8.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.8%
5.8%
9.1%
9.1%
34.0%
34.0%
35.4%
35.4%
13.0%
13.0%
2.7%
2.7%
0% 100.0%
% of Homes