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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 $424,883, higher than the Minnesota average of $345,793.
The average cost of rent is $1,247/mo in Newport, primarily driven by the current value of real estate in the Newport area. In Newport, 31.36% of households rent, and 35.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $7,432 per month. Households that rent pay about 16.77% of their income on rent here. Newport’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South St. Paul, MN: less expensive homes
- St. Paul Park, MN: less expensive homes
- Inver Grove Heights, MN: equally priced homes
- Cottage Grove, MN: equally priced homes
- Woodbury, MN: higher priced homes
- Sunfish Lake, MN: higher priced homes
- West St. Paul, MN: less expensive homes
- Landfall, MN: less expensive homes
- Mendota Heights, MN: higher priced homes
- Lilydale, MN: higher priced homes
Cities with Similar Populations
- Adamsville, TN: less expensive homes
- Barron, WI: less expensive homes
- Barre, MA: equally priced homes
- Foley, MN: less expensive homes
- Afton, TN: less expensive homes
- Lake Odessa, MI: less expensive homes
- Kerhonkson, NY: less expensive homes
- North Westport, MA: equally priced homes
- Bolivar, OH: less expensive homes
- Lemon Hill, CA: less expensive homes
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