Newport, NC—28570
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newport, NC
As of Oct '25, the median home price in Newport, NC is $340,000, with a year-over-year change of 0.7%. This indicates that home prices in Newport, NC are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $340,000 | 0.7% |
| Single Family | $344,000 | 0.6% |
| Condos | $244,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | 0.4% |
3 Bed | $327,000 | 0.9% |
4 Bed | $483,000 | 1.0% |
| 5 Bed | $628,000 | 1.3% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,200 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Newport, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Newport, NC is 81. This is a increase of 10.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $437,000 | 4.0% |
Listing Count | 116 | -13.0% |
| Listings as % of Homes | 0.6% | -13.0% |
Days on Market | 81 | 10.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $340,000 |
| Median Household Income | $69,000 |