Newport, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Newport Neighborhoods Since 2000




Newport, OR 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 10,268, 4,502 total housing units (homes and apartments), and a median house value of $243,130, 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 51.45% of the city's housing units. Other types of housing that are prevalent in Newport include large apartment complexes or high rise apartments ( 17.75%), duplexes, homes converted to apartments or other small apartment buildings ( 14.54%), and a few mobile homes or trailers ( 9.56%).

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 ( 26.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.61%). There's also some housing in Newport built before 1939 ( 6.67%).

Vacant housing appears to be an issue in Newport. Fully 20.57% 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 -0.91%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Newport's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, Newport's appreciation rate has been 0.46%, which annualizes to a rate of 1.84%.

Relative to Oregon, our data show that Newport's latest annual appreciation rate is lower than 90% of the other cities and towns in Oregon.

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:
$243,130

Newport, OR HOME PRICES

Value Range
> $1,152,000 2.5
$864,001 - $1,152,000 1.4
$576,001 - $864,000 5.3
$461,001 - $576,000 8.6
$345,001 - $461,000 14.6
$230,001 - $345,000 20.9
$115,001 - $230,000 31.6
$57,001 - $115,000 5.9
$0 - $57,000 9.2

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
23.6142036798312 60.8695652173913

Number Of Homes And Apartments:
4,502

Newport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
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
70.72% 3.15% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,114 / per month

Homeownership Rate

Homeownership
Owners 48.81
Renters 51.19
Vacant 20.57

Housing Market Details

 

Age of Homes

AGE OF Newport HOMES
2000 or Newer 12.6
1970 - 1999 54.3
1940 - 1969 26.4
1939 or Older 6.7

Types of Homes

TYPE OF Newport HOMES
Single-Family 51.4
Townhomes 5.0
Small Apt. Buildings 14.5
Apt. Complexes 17.7
Mobile Homes 9.6
Other 1.7

Home Size

SIZE OF Newport HOMES
No Bedroom 4.57
1 Bedroom 11.98
2 Bedrooms 38.44
3 Bedrooms 36.79
4 Bedrooms 7.87
5 or more bedrooms 0.35