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Newport

Learn about the people, housing, costs and businesses in Newport, Indiana

Median Home$124,600
Median Rent$624/month
Population427
Leading IndustriesWholesale Trade · Transportation · Professional Services15% wholesale trade
Home Value Growth⬆⬆+18.6% over 2 years
Retirees27% of residentsabove average nationally
Homeowners86% of occupied units
NotableAffordable Market$125k median home · lower cost than 82% of the country
Newport
IN

Frequently Asked Questions

What are today's mortgage rates in Newport?

As of today, the 30-year fixed mortgage rate for Newport is approximately 7.044% (7.088% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Newport?

The median home value in Newport is $125k. The median monthly rent is $624. Annual property taxes average $688. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newport?

Home values in Newport have increased 18.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Newport?

Based on a typical all-in ownership cost of $641/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newport is $62k/year.

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What industries drive the economy in Newport?

The largest employment sectors in Newport are public administration (23%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.