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 $204,621, lower than the Virginia average of $323,261.
The average cost of rent is $739/mo in Newport, primarily driven by the current value of real estate in the Newport area. While nearly 56.25% of residents own their homes outright in Newport, 13.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $5,639 per month. Households that rent pay about 13.11% of their income on rent here. Newport's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
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: less expensive 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: less expensive homes
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