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Newport, ME—04953

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$267,000
3.3% YoY Growth
Household Income
$62,700
24.9% YoY Growth
Days on Market
47
1.0% Shorter YoY
Home Price Forecast
1.5%
Median Rent
$1,100
2.4% YoY Growth
1-Bed Rent
$1,020
N/A
2-Bed Rent
$1,600
31.1% YoY Growth
3-Bed Rent
$1,450
12.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Newport, ME

As of May '26, the median home price in Newport, ME is $267,000, with a year-over-year change of 3.3%. This indicates that home prices in Newport, ME are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$267,0003.3%
Single Family $268,0003.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$245,0003.8%
    3 Bed
    		$273,0003.0%
    4 Bed
    		$306,0003.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    4.2%
    1 Bedroom
    15.8%
    2 Bedrooms
    23.1%
    3 Bedrooms
    48.0%
    4 Bedrooms
    7.2%
    5+ Bedrooms
    1.6%

    Rental Trends — Newport, ME

    As of July '25, Rentcast reports the average rent in Newport, ME is $1,300, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Newport, ME is 1-bedrooms: $1,040, 2-bedrooms: $1,600, 3-bedrooms: $1,520. The most common rental property sizes in Newport, ME are 1-bedroom and 2-bedroom, accounting for 53.4% and 21.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,100$1,300
    Studio Rent N/AN/A
    1 Bed Rent $1,020$1,040
    2 Bed Rent $1,600$1,600
    3 Bed Rent $1,450$1,520
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    9.5%
    1 Bedroom
    53.4%
    2 Bedrooms
    21.6%
    3 Bedrooms
    15.5%

    Property Listings — Newport, ME

    As of May '26, Realtor.com reports that the median days on market for a home in Newport, ME is 47. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$470,00019.0%
    Listing Count
    		12-19.0%
    Listings as % of Homes0.3%-19.0%
    Days on Market
    		47-1.0%
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    Demographics — Newport, ME

    As of the latest ACS Survey released in 2023, Newport, ME has a population of 3,140, which has decreased by -2.5% over the past 5 years. Newport, ME is a moderately popular place for families, as children make up 15.3% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,140-2.5%
    % Under 18
    		15.3%-25.7%
    % Seniors
    		23.1%20.9%
    % WFH
    		14.0%66.7%
    % w/ College Degree
    		28.9%60.6%
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    As of the latest ACS Survey released in 2023, Newport, ME is a predominantly white area, with 96.6% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Newport, ME is black, making up 0.8% of the population. Foreign-born residents account for 2.2% of the population in Newport, ME, and this percentage has decreased by 12.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		96.6%0.5%
    % Black
    		0.8%∞%
    % Hispanic
    		0.5%-50.0%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		2.2%-12.0%
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    Mortgage and Risk — Newport, ME

    According to HUD data as of 2023, there were 66 mortgage originations in Newport, ME, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Newport, ME. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		66
    % Conventional Loans
    		71.0%
    % Government Loans
    		29.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		11.0%
    % Cash Out Refinance
    		18.0%
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    Rentals and Section 8 — Newport, ME

    Newport, ME lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		33
    Total Units Section 8
    		33
    % Rentals under Section 8
    		8.7%
    % Occupied Section 8
    		96.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$140$1,020$880
    2 Bedroom-$440$1,600$1,160
    3 Bedroom$10$1,450$1,460
    4 BedroomN/AN/A$1,730

    Affordability — Newport, ME

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$267,000
    Median Household Income$62,700

    Newport, ME — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    04969

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    04928

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    Frequently Asked Questions