Newport, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Newport Neighborhoods Since 2000




Newport, NC 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 4,723, 1,917 total housing units (homes and apartments), and a median house value of $167,443, 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 77.24% of the town's housing units. Other types of housing that are prevalent in Newport include duplexes, homes converted to apartments or other small apartment buildings ( 11.43%), large apartment complexes or high rise apartments ( 7.43%), and a few row houses and other attached homes ( 2.90%).

The most prevalent building size and type in Newport are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.32% owning and 35.68% renting.

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 2000 and later ( 25.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.14%). There's also some housing in Newport built before 1939 ( 11.52%).

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 -0.86%, which is lower than 70% of US communities.

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 0.99%, 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 -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Newport's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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:
$167,443

Newport, NC HOME PRICES

Value Range
> $1,030,000 0.0
$772,001 - $1,030,000 0.0
$515,001 - $772,000 0.0
$412,001 - $515,000 0.4
$309,001 - $412,000 1.4
$206,001 - $309,000 13.5
$103,001 - $206,000 77.0
$52,001 - $103,000 7.1
$0 - $52,000 0.5

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
42.6403375131841 36.2976406533575

Number Of Homes And Apartments:
1,917

Newport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
48.09% 2.30% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$978 / per month

Homeownership Rate

Homeownership
Owners 64.32
Renters 35.68
Vacant 8.71

Housing Market Details

 

Age of Homes

AGE OF Newport HOMES
2000 or Newer 26.0
1970 - 1999 47.4
1940 - 1969 15.1
1939 or Older 11.5

Types of Homes

TYPE OF Newport HOMES
Single-Family 77.2
Townhomes 2.9
Small Apt. Buildings 11.4
Apt. Complexes 7.4
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Newport HOMES
No Bedroom 5.10
1 Bedroom 5.38
2 Bedrooms 12.95
3 Bedrooms 56.67
4 Bedrooms 14.81
5 or more bedrooms 5.10