Newport—02841
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Newport
Home Price Trends — Newport
Newport lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newport
Newport lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newport
Newport lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Newport
As of the latest ACS Survey released in 2023, Newport has a population of 1,410, which has decreased by -13.4% over the past 5 years. Newport is a less popular place for families, as children make up 0.7% of the population. The area has a highly educated workforce, with 64.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,410 | -13.4% |
% Under 18 | 0.7% | ∞% |
% Seniors | 0.0% | N/A |
% WFH | 34.8% | -16.1% |
% w/ College Degree | 64.8% | -9.5% |
As of the latest ACS Survey released in 2023, Newport is a predominantly white area, with 60.2% of the population identifying as white. The white population has shrunk by 21.4% in the last 5 years. The second most common race or ethnicity in Newport is black, making up 12.7% of the population. Foreign-born residents account for 12.5% of the population in Newport, and this percentage has increased by 190.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.2% | -21.4% |
% Black | 12.7% | 3.3% |
% Hispanic | 10.4% | 40.5% |
% Asian | 10.5% | 208.8% |
% Foreign Born | 12.5% | 190.7% |
Mortgage and Risk — Newport
According to HUD data as of 2023, there were 1 mortgage originations in Newport, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 29.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Newport. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Newport
Newport lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,680 |
| 2 Bedroom | N/A | N/A | $2,210 |
| 3 Bedroom | N/A | N/A | $2,950 |
| 4 Bedroom | N/A | N/A | $3,340 |
Affordability — Newport
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |