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Affordable
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These days, finding an affordable place to live in the Newport area can be challenging. Home prices in Newport are now at a median cost of $242,203, lower than the Delaware average of $361,617.
The average cost of rent is $1,043/mo in Newport, primarily driven by the current value of real estate in the Newport area. In Newport, 42.44% of households rent, and 32.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $5,748 per month. Households that rent pay about 18.15% of their income on rent here. Newport’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elsmere, DE: equally priced homes
- Wilmington Manor, DE: equally priced homes
- New Castle, DE: higher priced homes
- Wilmington, DE: higher priced homes
- Rockland, DE: higher priced homes
- Hockessin, DE: higher priced homes
- Winterthur, DE: higher priced homes
- Edgemoor, DE: higher priced homes
- Newark, DE: higher priced homes
- Brookside, DE: higher priced homes
Cities with Similar Populations
- Adamsville, OH: less expensive homes
- Ashby, MN: higher priced homes
- Ashland, ME: less expensive homes
- Augusta, MO: higher priced homes
- Baileyville, ME: less expensive homes
- Ballard, UT: higher priced homes
- Barney, GA: less expensive homes
- Baxter, KY: less expensive homes
- Beckemeyer, IL: less expensive homes
- Browntown, WI: equally priced homes
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