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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Newport, NC Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newport, NC Housing Market Trends

With 4,478 people, 1,640 houses or apartments, and a median cost of homes of $256,171, 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 76.04% of the town's housing units. Other types of housing that are prevalent in Newport include large apartment complexes or high rise apartments ( 9.14%), duplexes, homes converted to apartments or other small apartment buildings ( 8.65%), and a few row houses and other attached homes ( 3.41%).

The most prevalent building size and type in Newport are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.94% owning and 43.06% 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 between 2000 and later ( 34.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.74%). There's also some housing in Newport built before 1939 ( 5.25%).

Vacant housing appears to be an issue in Newport. Fully 11.30% 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 5.97% during the period.

NeighborhoodScout's data show that during the latest twelve months, Newport's appreciation rate, at 6.36%, has been at or slightly above the national average. In the latest quarter, Newport's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.

Relative to North Carolina, our data show that Newport's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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

$256,171

Newport, NC Home Prices
> $1,378,000
$1,033,001 - $1,378,000
$689,001 - $1,033,000
$551,001 - $689,000
$413,001 - $551,000
$276,001 - $413,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
0.4%
0.4%
0.2%
0.2%
0.6%
0.6%
3.2%
3.2%
7.9%
7.9%
18.1%
18.1%
66.0%
66.0%
0.2%
0.2%
3.5%
3.5%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

1,640

Newport Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,495 / per month

Homeownership Rate

Owners
Renters
56.9%
56.9%
43.1%
43.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.3%
11.3%
88.7%
88.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
34.7%
34.7%
46.3%
46.3%
13.7%
13.7%
5.2%
5.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.0%
76.0%
3.4%
3.4%
8.7%
8.7%
9.1%
9.1%
2.8%
2.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
9.1%
9.1%
17.4%
17.4%
57.0%
57.0%
10.8%
10.8%
3.0%
3.0%
0% 100.0%
% of Homes