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Newport, NC—28570

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$352,000
2.6% YoY Growth
Household Income
$69,000
33.8% YoY Growth
Days on Market
59
9.0% Shorter YoY
Home Price Forecast
1.3%
Median Rent
$2,050
1.3% YoY Growth
1-Bed Rent
$1,090
67.7% YoY Growth
2-Bed Rent
$1,500
21.2% YoY Growth
3-Bed Rent
$2,000
8.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Newport, NC

As of May '26, the median home price in Newport, NC is $352,000, with a year-over-year change of 2.6%. This indicates that home prices in Newport, NC are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$352,0002.6%
Single Family $355,0002.9%
Condos $258,0008.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$250,0003.7%
    3 Bed
    		$339,0003.7%
    4 Bed
    		$492,0001.0%
    5 Bed $637,5171.7%
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    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    3.5%
    2 Bedrooms
    20.6%
    3 Bedrooms
    58.1%
    4 Bedrooms
    12.9%
    5+ Bedrooms
    3.8%

    Rental Trends — Newport, NC

    As of July '25, Rentcast reports the average rent in Newport, NC is $2,200, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Newport, NC is 1-bedrooms: $1,090, 2-bedrooms: $1,770, 3-bedrooms: $2,040, 4-bedrooms: $3,200. The most common rental property sizes in Newport, NC are 2-bedroom and 3-bedroom, accounting for 39.1% and 36.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,050$2,200
    Studio Rent N/AN/A
    1 Bed Rent $1,090$1,090
    2 Bed Rent $1,500$1,770
    3 Bed Rent $2,000$2,040
    4 Bed Rent $2,750$3,200
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    % of Rental Stock

    Studio
    1.9%
    1 Bedroom
    12.3%
    2 Bedrooms
    39.1%
    3 Bedrooms
    36.3%
    4 Bedrooms
    9.9%
    5+ Bedrooms
    0.4%

    Property Listings — Newport, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Newport, NC is 59. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$602,00027.0%
    Listing Count
    		127-13.0%
    Listings as % of Homes0.6%-13.0%
    Days on Market
    		59-9.0%
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    Demographics — Newport, NC

    As of the latest ACS Survey released in 2023, Newport, NC has a population of 21,400, which has remained stable by -0.7% over the past 5 years. Newport, NC is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		21,400-0.7%
    % Under 18
    		19.2%-7.7%
    % Seniors
    		20.6%15.1%
    % WFH
    		7.5%108.3%
    % w/ College Degree
    		23.7%23.4%
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    As of the latest ACS Survey released in 2023, Newport, NC is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Newport, NC is hispanic, making up 6.9% of the population. Foreign-born residents account for 5.1% of the population in Newport, NC, and this percentage has increased by 64.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		82.5%-2.6%
    % Black
    		3.7%-30.2%
    % Hispanic
    		6.9%35.3%
    % Asian
    		1.5%-21.1%
    % Foreign Born
    		5.1%64.5%
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    Mortgage and Risk — Newport, NC

    According to HUD data as of 2023, there were 490 mortgage originations in Newport, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Newport, NC. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		490
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Newport, NC

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

    Section 8 Market Size

    Total Units under HUD
    		223
    Total Units Section 8
    		223
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		76.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$200$1,090$890
    2 Bedroom-$330$1,500$1,170
    3 Bedroom-$480$2,000$1,520
    4 Bedroom-$830$2,750$1,920

    Affordability — Newport, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$352,000
    Median Household Income$69,000

    Newport, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Salter Path

    28575

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    28532

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    28512

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    28557

    Frequently Asked Questions