Newport, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newport Neighborhoods Since 2000




Newport, VT 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 4,442 people, 1,786 houses or apartments, and a median cost of homes of $142,006, Newport real estate values are some of the lowest in Vermont, although compared to real estate around the nation, Newport homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Newport, accounting for 57.04% 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 ( 29.80%), large apartment complexes or high rise apartments ( 9.45%), and a few mobile homes or trailers ( 2.78%).

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.

The housing in Newport was primarily built before 1939 ( 55.89%), making the housing stock in Newport some of the oldest overall in America, although there is a range of ages of homes in Newport. The next most important housing age is between 1970-1999 ( 21.08%), followed by between 1940-1969 ( 18.54%). There's also some housing in Newport built between 2000 and later ( 4.49%).

Vacant housing appears to be an issue in Newport. Fully 17.24% 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 -0.94%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Newport's appreciation rate, at 3.60%, has been at or slightly above the national average. In the latest quarter, Newport's appreciation rate has been 2.55%, which annualizes to a rate of 10.60%.

Importantly, this makes Newport one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$142,006

Newport, VT HOME PRICES

Value Range
> $1,028,000 0.0
$771,001 - $1,028,000 0.0
$514,001 - $771,000 1.1
$411,001 - $514,000 1.6
$308,001 - $411,000 4.2
$205,001 - $308,000 7.4
$102,001 - $205,000 53.3
$51,001 - $102,000 29.0
$0 - $51,000 3.4

Very Low for VT
Average for Nation

Value Relative to Nation Value Relative to State
53.8380405484589 94.1605839416058

Number Of Homes And Apartments:
1,786

Newport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
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
55.58% 2.60% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$849 / per month

Homeownership Rate

Homeownership
Owners 50.69
Renters 49.31
Vacant 17.24

Housing Market Details

 

Age of Homes

AGE OF Newport HOMES
2000 or Newer 4.5
1970 - 1999 21.1
1940 - 1969 18.5
1939 or Older 55.9

Types of Homes

TYPE OF Newport HOMES
Single-Family 57.0
Townhomes 0.9
Small Apt. Buildings 29.8
Apt. Complexes 9.5
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Newport HOMES
No Bedroom 1.81
1 Bedroom 15.48
2 Bedrooms 36.05
3 Bedrooms 31.05
4 Bedrooms 11.63
5 or more bedrooms 3.99

Popular Neighborhoods in Newport

Zip Codes in Newport, VT