Newport, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Newport Neighborhoods Since 2000




Newport, WA 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 2,137, 856 total housing units (homes and apartments), and a median house value of $171,830, Newport real estate values are some of the lowest in Washington, 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 67.39% of the city's housing units. Other types of housing that are prevalent in Newport include large apartment complexes or high rise apartments ( 15.33%), mobile homes or trailers ( 10.60%), and a few row houses and other attached homes ( 3.70%).

The most prevalent building size and type in Newport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.28% owning and 47.72% 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 before 1939 ( 24.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.07%). There's also some housing in Newport built between 2000 and later ( 8.74%).

Vacant housing appears to be an issue in Newport. Fully 11.93% 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

Real estate appreciation rates in Newport's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

NeighborhoodScout's data show that during the latest twelve months, Newport's appreciation rate, at 4.77%, has been at or slightly above the national average. In the latest quarter, Newport's appreciation rate has been 0.21%, which annualizes to a rate of 0.83%.

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

Average Home Values

 

Median Home Value:
$171,830

Newport, WA HOME PRICES

Value Range
> $1,117,000 0.0
$837,001 - $1,117,000 2.7
$559,001 - $837,000 1.1
$447,001 - $559,000 0.6
$335,001 - $447,000 3.3
$223,001 - $335,000 28.4
$112,001 - $223,000 44.3
$56,001 - $112,000 16.0
$0 - $56,000 3.6

Very Low for WA
Average for Nation

Value Relative to Nation Value Relative to State
40.9586311965311 82.6241134751773

Number Of Homes And Apartments:
856

Newport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
61.29% 2.81% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,009 / per month

Homeownership Rate

Homeownership
Owners 52.28
Renters 47.72
Vacant 11.93

Housing Market Details

 

Age of Homes

AGE OF Newport HOMES
2000 or Newer 8.7
1970 - 1999 42.3
1940 - 1969 24.1
1939 or Older 24.9

Types of Homes

TYPE OF Newport HOMES
Single-Family 67.4
Townhomes 3.7
Small Apt. Buildings 3.0
Apt. Complexes 15.3
Mobile Homes 10.6
Other 0.0

Home Size

SIZE OF Newport HOMES
No Bedroom 0.41
1 Bedroom 15.23
2 Bedrooms 23.25
3 Bedrooms 43.83
4 Bedrooms 11.52
5 or more bedrooms 5.76

Popular Neighborhoods in Newport

Zip Codes in Newport, WA