Newport, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Newport, AR Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Newport Housing Market Information

With 7,767 people, 2,056 houses or apartments, and a median cost of homes of $54,848, house prices in Newport are some of the most affordable in Arkansas as well as the nation.

Single-family detached homes are the single most common housing type in Newport, accounting for 71.20% 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 ( 18.02%), large apartment complexes or high rise apartments ( 7.58%), and a few mobile homes or trailers ( 2.36%).

Renters dominate Newport's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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 ( 39.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.84%). There's also some housing in Newport built before 1939 ( 4.38%).

Vacant housing appears to be an issue in Newport. Fully 21.68% 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 0.32%, which ranks in the top 50% nationwide. This equates to an annual average Newport house appreciation rate of 0.03%.

Over the last year, Newport appreciation rates have trailed the rest of the nation. In the last twelve months, Newport's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newport were at -1.14%, which equates to an annual appreciation rate of -4.49%.

Notably, Newport's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$54,848

Newport, AR HOME PRICES

Value Range
> $998,000 0.3
$749,001 - $998,000 0.0
$499,001 - $749,000 0.0
$399,001 - $499,000 0.3
$300,001 - $399,000 1.5
$199,001 - $300,000 6.1
$100,001 - $199,000 16.4
$50,001 - $100,000 35.3
$0 - $50,000 40.1

Very Low for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
98.8515176374077 94.0140845070423

Number Of Homes And Apartments:
2,056

Newport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
12.69% 0.70% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$698 / per month

Homeownership Rate

Homeownership
Owners 29.87
Renters 70.13
Vacant 21.68

Housing Market Details

 

Age of Homes

AGE OF Newport HOMES
2000 or Newer 4.8
1970 - 1999 51.4
1940 - 1969 39.4
1939 or Older 4.4

Types of Homes

TYPE OF Newport HOMES
Single-Family 71.2
Townhomes 0.8
Small Apt. Buildings 18.0
Apt. Complexes 7.6
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Newport HOMES
No Bedroom 2.59
1 Bedroom 8.76
2 Bedrooms 30.97
3 Bedrooms 50.40
4 Bedrooms 6.93
5 or more bedrooms 0.34

Popular Neighborhoods in Newport

Popular Communities Near Newport, AR

Zip Codes in Newport, AR