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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 $197,979, lower than the New Jersey average of $496,577.
The average cost of rent is $1,275/mo in Newport, primarily driven by the current value of real estate in the Newport area. In Newport, 11.72% of households rent, and 55.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $6,068 per month. Households that rent pay about 21.01% of their income on rent here. Newport’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Turkey Point Corner, NJ: equally priced homes
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- Dividing Creek, NJ: equally priced homes
- Fairton, NJ: equally priced homes
- Sea Breeze, NJ: less expensive homes
- Port Norris, NJ: less expensive homes
- Laurel Lake, NJ: less expensive homes
- Gouldtown, NJ: equally priced homes
Cities with Similar Populations
- White Sulphur, KY: higher priced homes
- Bowmansville, PA: higher priced homes
- Brier Hill, NY: less expensive homes
- Buchtel, OH: less expensive homes
- Byers, TX: less expensive homes
- Cabell, KY: less expensive homes
- Caton, NY: less expensive homes
- Chana, IL: equally priced homes
- Weston, VT: higher priced homes
- Wheeling, MO: equally priced homes
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