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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 $262,052, lower than the Virginia average of $443,089.
The average cost of rent is $785/mo in Newport, primarily driven by the current value of real estate in the Newport area. In Newport, 10.39% of households rent, and 55.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $6,566 per month. Households that rent pay about 11.95% of their income on rent here. Newport’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Blacksburg, VA: higher priced homes
- Whitethorne, VA: higher priced homes
- Pembroke, VA: less expensive homes
- Eggleston, VA: less expensive homes
- Goldbond, VA: less expensive homes
- Parrott, VA: less expensive homes
- Mountain View, VA: equally priced homes
- Maggie, VA: less expensive homes
- McDonalds Mill, VA: higher priced homes
- Ripplemead, VA: less expensive homes
Cities with Similar Populations
- Troy, NH: equally priced homes
- Harrod, OH: less expensive homes
- Hastings, PA: less expensive homes
- Hoodsport, WA: higher priced homes
- Lake Linden, MI: less expensive homes
- Sheffield, MA: higher priced homes
- Swoope, VA: higher priced homes
- Thompsonville, IL: less expensive homes
- Three Rivers, TX: less expensive homes
- Akron, CO: equally priced homes
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