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 a population of 14,071, 5,040 total housing units (homes and apartments), and a median house value of $314,082, 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%).
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 6.13% during the period.
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 3.47%, 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 6.54%, which equates to an annual appreciation rate of 28.83%.
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 90% of the other cities and towns in Michigan.
$314,082
for Michigan
for nation
5,040
$1,707 / per month