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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 14,108 people, 5,040 houses or apartments, and a median cost of homes of $301,880, Newport real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Newport, accounting for 63.53% of the town's housing units. Other types of housing that are prevalent in Newport include mobile homes or trailers ( 31.51%), large apartment complexes or high rise apartments ( 2.82%), and a few row houses and other attached homes ( 2.05%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newport. Owner-occupied housing accounts for 84.47% of Newport's homes, and 79.63% have either three or four bedrooms, which is average sized relative to America.
Newport homes and real estate are some of the newest in America. 39.91% of Newport's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Newport real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.98%), and between 1940-1969 ( 18.55%). There's also some housing in Newport built before 1939 ( 10.56%).
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 89.10%, which ranks in the top 50% nationwide. This equates to an annual average Newport house appreciation rate of 6.58%.
NeighborhoodScout's data show that during the latest twelve months, Newport's appreciation rate, at 6.43%, has been at or slightly above the national average. In the latest quarter, Newport's appreciation rate has been 2.96%, which annualizes to a rate of 12.36%.
Importantly, this makes Newport one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Michigan, our data show that Newport's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.
$301,880
for Michigan
for nation
5,040
$1,593 / per month