Newport, TN—37821
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newport, TN
As of Oct '25, the median home price in Newport, TN is $213,000, with a year-over-year change of 2.2%. This indicates that home prices in Newport, TN 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | 2.2% |
| Single Family | $213,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | 4.4% |
3 Bed | $260,000 | 4.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newport, TN
As of July '25, Rentcast reports the average rent in Newport, TN is $1,320, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in Newport, TN is 1-bedrooms: $988, 2-bedrooms: $1,320, 3-bedrooms: $1,490. The most common rental property sizes in Newport, TN are 2-bedroom and 3-bedroom, accounting for 46.0% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $988 |
| 2 Bed Rent | $1,380 | $1,320 |
| 3 Bed Rent | $1,250 | $1,490 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newport, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Newport, TN is 74. This is a increase of 23.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -10.0% |
Listing Count | 103 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 74 | 23.0% |
Demographics — Newport, TN
As of the latest ACS Survey released in 2023, Newport, TN has a population of 22,100, which has remained stable by -0.0% over the past 5 years. Newport, TN is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 9.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | 0.0% |
% Under 18 | 22.1% | 1.8% |
% Seniors | 20.0% | 2.0% |
% WFH | 3.8% | 280.0% |
% w/ College Degree | 9.3% | 1.1% |
As of the latest ACS Survey released in 2023, Newport, TN is a predominantly white area, with 91.9% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Newport, TN is hispanic, making up 2.9% of the population. Foreign-born residents account for 0.7% of the population in Newport, TN, and this percentage has increased by 75.0% 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 | 91.9% | 0.1% |
% Black | 1.4% | -50.0% |
% Hispanic | 2.9% | 3.6% |
% Asian | 0.7% | ∞% |
% Foreign Born | 0.7% | 75.0% |
Mortgage and Risk — Newport, TN
According to HUD data as of 2023, there were 302 mortgage originations in Newport, TN, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Newport, TN. Investor activity is low, as 4.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 302 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 4.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Newport, TN
Newport, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 589 |
Total Units Section 8 | 189 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 83.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,000 | $720 |
| 2 Bedroom | -$450 | $1,380 | $930 |
| 3 Bedroom | -$10 | $1,250 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Newport, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $213,000 |
| Median Household Income | $45,400 |