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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 $431,862, lower than the Oregon average of $502,078.
The average cost of rent is $1,272/mo in Newport, primarily driven by the current value of real estate in the Newport area. In Newport, 41.51% of households rent, and 50.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $5,126 per month. Households that rent pay about 24.82% of their income on rent here. Newport’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Moody, OR: higher priced homes
- Fruitvale, OR: higher priced homes
- South Beach, OR: higher priced homes
- Beverly Beach, OR: higher priced homes
- Yaquina, OR: higher priced homes
- Toledo, OR: less expensive homes
- Otter Rock, OR: higher priced homes
- Elk City, OR: less expensive homes
- Siletz, OR: less expensive homes
- Seal Rock, OR: equally priced homes
Cities with Similar Populations
- Tunnel Hill, GA: less expensive homes
- Clinton, SC: less expensive homes
- Cloverdale, CA: higher priced homes
- Corrales, NM: higher priced homes
- Cottondale, AL: less expensive homes
- Creedmoor, NC: less expensive homes
- Crownsville, MD: higher priced homes
- Crozet, VA: higher priced homes
- Terryville, NY: higher priced homes
- Timonium, MD: higher priced homes
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