Newport, ME—04953
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newport, ME
As of Oct '25, the median home price in Newport, ME is $254,000, with a year-over-year change of 4.8%. This indicates that home prices in Newport, ME are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | 4.8% |
| Single Family | $255,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $233,000 | 6.4% |
3 Bed | $261,000 | 3.6% |
4 Bed | $299,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,300 |
| Studio Rent | N/A | N/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/A | N/A |
% of Rental Stock
Property Listings — Newport, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Newport, ME is 42. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 23.0% |
Listing Count | 22 | 3.0% |
| Listings as % of Homes | 0.3% | 3.0% |
Days on Market | 42 | 15.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,020 | $880 |
| 2 Bedroom | -$440 | $1,600 | $1,160 |
| 3 Bedroom | $10 | $1,450 | $1,460 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Newport, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $254,000 |
| Median Household Income | $62,700 |