Newport, KY—41071
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newport, KY
As of Oct '25, the median home price in Newport, KY is $219,000, with a year-over-year change of 3.2%. This indicates that home prices in Newport, KY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $219,000 | 3.2% |
| Single Family | $238,000 | 3.5% |
| Condos | $154,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $166,000 | 5.1% |
2 Bed | $173,000 | 1.2% |
3 Bed | $269,000 | 3.9% |
4 Bed | $357,000 | 7.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newport, KY
As of July '25, Rentcast reports the average rent in Newport, KY is $1,620, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Newport, KY is studios: $745, 1-bedrooms: $1,240, 2-bedrooms: $1,620, 3-bedrooms: $2,700, 4-bedrooms: $1,850. The most common rental property sizes in Newport, KY are 1-bedroom and 2-bedroom, accounting for 44.4% and 39.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,620 |
| Studio Rent | $745 | $745 |
| 1 Bed Rent | $1,220 | $1,240 |
| 2 Bed Rent | $1,480 | $1,620 |
| 3 Bed Rent | $1,950 | $2,700 |
| 4 Bed Rent | $1,800 | $1,850 |
% of Rental Stock
Property Listings — Newport, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Newport, KY is 65. This is a increase of 55.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $296,000 | -9.0% |
Listing Count | 139 | 5.0% |
| Listings as % of Homes | 0.9% | 5.0% |
Days on Market | 65 | 55.0% |
Demographics — Newport, KY
As of the latest ACS Survey released in 2023, Newport, KY has a population of 19,700, which has decreased by -5.4% over the past 5 years. Newport, KY is a less popular place for families, as children make up 14.7% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,700 | -5.4% |
% Under 18 | 14.7% | -25.4% |
% Seniors | 16.4% | 41.4% |
% WFH | 16.6% | 472.4% |
% w/ College Degree | 37.7% | 41.2% |
As of the latest ACS Survey released in 2023, Newport, KY is a predominantly white area, with 84.3% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Newport, KY is black, making up 7.1% of the population. Foreign-born residents account for 3.6% of the population in Newport, KY, and this percentage has increased by 9.1% 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 | 84.3% | 1.4% |
% Black | 7.1% | -25.3% |
% Hispanic | 5.0% | 16.3% |
% Asian | 0.6% | -53.8% |
% Foreign Born | 3.6% | 9.1% |
Mortgage and Risk — Newport, KY
According to HUD data as of 2023, there were 347 mortgage originations in Newport, KY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Newport, KY. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 347 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Newport, KY
As of 2024, the percent of homes in Newport, KY under the Section 8 program is 18.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Newport, KY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,201 |
Total Units Section 8 | 880 |
% Rentals under Section 8 | 18.7% |
% Occupied Section 8 | 75.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$330 | $1,220 | $890 |
| 2 Bedroom | -$320 | $1,480 | $1,160 |
| 3 Bedroom | -$410 | $1,950 | $1,540 |
| 4 Bedroom | -$100 | $1,800 | $1,700 |
Affordability — Newport, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $219,000 |
| Median Household Income | $58,300 |