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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 $164,100, lower than the Indiana average of $232,932.
The average cost of rent is $920/mo in Newport, primarily driven by the current value of real estate in the Newport area. In Newport, 12.61% of households rent, and 59.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $5,156 per month. Households that rent pay about 17.84% of their income on rent here. Newport’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lodi, IN: equally priced homes
- Tangier, IN: equally priced homes
- West Union, IN: less expensive homes
- Silverwood, IN: less expensive homes
- Cayuga, IN: less expensive homes
- Dana, IN: less expensive homes
- Hillsdale, IN: equally priced homes
- Montezuma, IN: less expensive homes
- Eugene, IN: less expensive homes
- Sylvania, IN: higher priced homes
Cities with Similar Populations
- Brookvale, CO: higher priced homes
- Adamsville, TX: higher priced homes
- Barnum, IA: higher priced homes
- Adelphi, OH: higher priced homes
- Alberta, MN: less expensive homes
- Auburn, IA: less expensive homes
- Alpha, KY: less expensive homes
- Ashfield, PA: higher priced homes
- Amador City, CA: higher priced homes
- Avon, VA: higher priced homes
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