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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Newport, OR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newport, OR Housing Market Trends

With a population of 10,412, 4,551 total housing units (homes and apartments), and a median house value of $510,801, Newport real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Newport, accounting for 53.23% of the city's housing units. Other types of housing that are prevalent in Newport include large apartment complexes or high rise apartments ( 15.19%), duplexes, homes converted to apartments or other small apartment buildings ( 14.11%), and a few mobile homes or trailers ( 9.79%).

The most prevalent building size and type in Newport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.76% owning and 40.24% renting.

There is a lot of housing in Newport built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newport built between 1940-1969 ( 24.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.18%). There's also some housing in Newport built before 1939 ( 9.52%).

Vacant housing appears to be an issue in Newport. Fully 18.38% of the housing stock is classified as vacant. Left unchecked, vacant Newport homes and apartments can be a drag on the real estate market, holding Newport real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Newport Home Appreciation Rates

Appreciation rates for homes in Newport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.58%, which ranks in the top 30% nationwide. This equates to an annual average Newport house appreciation rate of 7.63%.

Over the last year, Newport appreciation rates have trailed the rest of the nation. In the last twelve months, Newport's appreciation rate has been 1.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newport were at 2.21%, which equates to an annual appreciation rate of 9.15%.

Relative to Oregon, our data show that Newport's latest annual appreciation rate is higher than 50% of the other cities and towns in Oregon.

Average Home Values

Median Home Value

$510,801

Newport, OR Home Prices
> $1,343,000
$1,007,001 - $1,343,000
$671,001 - $1,007,000
$537,001 - $671,000
$403,001 - $537,000
$269,001 - $403,000
$134,001 - $269,000
$67,001 - $134,000
$0 - $67,000
3.3%
3.3%
3.9%
3.9%
20.3%
20.3%
15.5%
15.5%
22.3%
22.3%
17.9%
17.9%
10.2%
10.2%
2.4%
2.4%
4.4%
4.4%
0% 100.0%
% of Homes
High

for Oregon

Very High

for nation

Number of Homes And Apartments:

4,551

Newport Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,775 / per month

Homeownership Rate

Owners
Renters
59.8%
59.8%
40.2%
40.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
18.4%
18.4%
81.6%
81.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.2%
12.2%
54.1%
54.1%
24.2%
24.2%
9.5%
9.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.2%
53.2%
6.3%
6.3%
14.1%
14.1%
15.2%
15.2%
9.8%
9.8%
1.4%
1.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.2%
3.2%
13.5%
13.5%
29.1%
29.1%
40.1%
40.1%
12.5%
12.5%
1.7%
1.7%
0% 100.0%
% of Homes

Popular Communities Near Newport, OR

Zip Codes in Newport, OR