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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 $550,800, higher than the Maryland average of $450,578.
The average cost of rent is $1,182/mo in Newport, primarily driven by the current value of real estate in the Newport area. In Newport, 3.40% of households rent, and 17.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $15,258 per month. Households that rent pay about 7.75% 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
- Wicomico, MD: less expensive homes
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Cities with Similar Populations
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- Fedora, SD: less expensive homes
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