Home Price Key
Affordable
Average
Expensive
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 $163,129, lower than the Michigan average of $196,062.
The average cost of rent is $982/mo in Newport, primarily driven by the current value of real estate in the Newport area. While nearly 38.09% of residents own their homes outright in Newport, 12.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $6,016 per month. Households that rent pay about 16.32% of their income on rent here. Newport's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Oldport, MI: higher priced homes
- Estral Beach, MI: equally priced homes
- South Rockwood, MI: equally priced homes
- Carleton, MI: higher priced homes
- Monroe, MI: equally priced homes
- Waltz, MI: higher priced homes
- Rockwood, MI: higher priced homes
- Scofield, MI: higher priced homes
- Flat Rock, MI: higher priced homes
- Gibraltar, MI: higher priced homes
Cities with Similar Populations
- Watertown, CT: higher priced homes
- Claiborne, LA: higher priced homes
- Claremont, NH: less expensive homes
- Clarkesville, GA: higher priced homes
- Clay, AL: higher priced homes
- Clay, NY: equally priced homes
- Clayton, OH: equally priced homes
- Warrior, AL: less expensive homes
- Washington, NJ: higher priced homes
- Church Point, LA: less expensive homes
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