Newport, OR is a great place to invest in real estate as it is currently outpacing the national rate of appreciation. The median value of homes in Newport is $477,000, which is significantly higher than the US House Median Value of $338,100. Over the past year, there has been a 9.26% appreciation for houses in Newport which is 1% higher than the national rate of 8.27%. With this steady trend, now might be a great time for potential home buyers or investors to look into the housing market in Newport as an excellent opportunity to get in on a potentially profitable venture.
The median home cost in Newport is $477,000. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Newport is up 14.2%.
Average Age of Homes
- The median age of Newport real estate is 39 years old
The Rental Market in Newport
- Renters make up 38.1% of the Newport population
- 1.1% of houses and apartments in Newport, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.