Newport, MN—55055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newport, MN
As of Oct '25, the median home price in Newport, MN is $339,000, with a year-over-year change of 2.2%. This indicates that home prices in Newport, MN are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $339,000 | 2.2% |
| Single Family | $340,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $289,000 | 2.8% |
3 Bed | $326,000 | 2.2% |
4 Bed | $380,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newport, MN
As of July '25, Rentcast reports the average rent in Newport, MN is $1,290, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Newport, MN is 1-bedrooms: $1,180, 2-bedrooms: $1,350. The most common rental property sizes in Newport, MN are 2-bedroom and 1-bedroom, accounting for 50.2% and 48.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,260 | $1,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,180 | $1,180 |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newport, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Newport, MN is 52. This is a increase of 18.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $316,000 | -2.0% |
Listing Count | 14 | 34.0% |
| Listings as % of Homes | 0.2% | 34.0% |
Days on Market | 52 | 18.0% |
Demographics — Newport, MN
As of the latest ACS Survey released in 2023, Newport, MN has a population of 4,460, which has increased by 27.2% over the past 5 years. Newport, MN is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 25.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,460 | 27.2% |
% Under 18 | 18.9% | -18.5% |
% Seniors | 18.3% | 34.6% |
% WFH | 15.9% | 511.5% |
% w/ College Degree | 25.5% | 21.4% |
As of the latest ACS Survey released in 2023, Newport, MN is a predominantly white area, with 68.6% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Newport, MN is hispanic, making up 12.4% of the population. Foreign-born residents account for 8.9% of the population in Newport, MN, and this percentage has increased by 61.8% 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 | 68.6% | -9.3% |
% Black | 5.1% | -52.8% |
% Hispanic | 12.4% | 210.0% |
% Asian | 9.5% | 131.7% |
% Foreign Born | 8.9% | 61.8% |
Mortgage and Risk — Newport, MN
According to HUD data as of 2023, there were 76 mortgage originations in Newport, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Newport, MN. Investor activity is low, as 1.0% 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 | 76 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Newport, MN
Newport, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 87 |
Total Units Section 8 | 87 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 83.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,180 | $1,200 |
| 2 Bedroom | $110 | $1,350 | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Newport, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $339,000 |
| Median Household Income | $63,400 |