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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 $261,716, lower than the Maine average of $330,167.
The average cost of rent is $848/mo in Newport, primarily driven by the current value of real estate in the Newport area. In Newport, 28.71% of households rent, and 39.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $5,080 per month. Households that rent pay about 16.69% of their income on rent here. Newport’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- East Newport, ME: equally priced homes
- Palmyra, ME: less expensive homes
- Detroit, ME: less expensive homes
- Plymouth, ME: less expensive homes
- North Newport, ME: less expensive homes
- Stetson, ME: less expensive homes
- Etna, ME: less expensive homes
- Corinna, ME: less expensive homes
- Pittsfield, ME: less expensive homes
- West Palmyra, ME: less expensive homes
Cities with Similar Populations
- Round Lake Heights, IL: equally priced homes
- Montezuma, IA: less expensive homes
- Moretown, VT: higher priced homes
- Mount Crawford, VA: higher priced homes
- Annville, KY: less expensive homes
- New Cordell, OK: less expensive homes
- North High Shoals, GA: higher priced homes
- Pylesville, MD: higher priced homes
- Rio Vista, TX: equally priced homes
- Rockport, ME: higher priced homes
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