Newport, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Newport Neighborhoods Since 2000




Newport, DE 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 a population of 1,058, 460 total housing units (homes and apartments), and a median house value of $219,071, Newport real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Newport, accounting for 37.16% of the town's housing units. Other types of housing that are prevalent in Newport include large apartment complexes or high rise apartments ( 32.49%), duplexes, homes converted to apartments or other small apartment buildings ( 15.95%), and a few mobile homes or trailers ( 8.37%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Newport's housing was primarily built during this period, from the '40s through the '60s. A full 50.39% of the town's housing hails from this era. Other housing ages represented in Newport include homes built between 1970-1999 ( 34.05%) and housing constructed before 1939 ( 14.40%). There's also some housing in Newport built between 2000 and later ( 1.17%).

Vacant housing appears to be an issue in Newport. Fully 10.51% 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

Newport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Newport during the period has been just -1.26%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Newport's appreciation rate, at 4.79%, has been at or slightly above the national average. In the latest quarter, Newport's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$219,071

Newport, DE HOME PRICES

Value Range
> $1,091,000 1.6
$818,001 - $1,091,000 0.0
$545,001 - $818,000 0.0
$436,001 - $545,000 1.3
$327,001 - $436,000 3.0
$218,001 - $327,000 36.1
$109,001 - $218,000 50.0
$54,001 - $109,000 5.8
$0 - $54,000 2.3

Average for DE
High for Nation

Value Relative to Nation Value Relative to State
27.8682761045353 47.7272727272727

Number Of Homes And Apartments:
460

Newport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
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
47.93% 2.30% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,245 / per month

Homeownership Rate

Homeownership
Owners 35.65
Renters 64.35
Vacant 10.51

Housing Market Details

 

Age of Homes

AGE OF Newport HOMES
2000 or Newer 1.2
1970 - 1999 34.0
1940 - 1969 50.4
1939 or Older 14.4

Types of Homes

TYPE OF Newport HOMES
Single-Family 37.2
Townhomes 6.0
Small Apt. Buildings 16.0
Apt. Complexes 32.5
Mobile Homes 8.4
Other 0.0

Home Size

SIZE OF Newport HOMES
No Bedroom 0.00
1 Bedroom 16.73
2 Bedrooms 46.50
3 Bedrooms 30.74
4 Bedrooms 6.03
5 or more bedrooms 0.00