Newport, KY Real Estate

According to census data in the year 2000 there were 7,779 housing units in Newport. This represents a 3.5% decline from 8,059 in 1990.

Of those housing units, 7,779 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Newport is about 44.5%. Newport's vacancy rate, including seasonal lodging, is about 11%. Average household size is 2.35 people.

The majority of houses, apartments or condos in Newport were built after 1939.


Housing Size

Housing Units by Size
Studio Type3.10%
One Bedroom27.80%
Two Bedrooms35.60%
Three Bedrooms25.10%
Four Bedrooms7.20%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1939
Median Value of occupied units$67,500
Median Price asked for vacant units$42,900

Rented Homes, Apartments and Condos

Average Household Size2.15
Median year structure was built1947
Median Monthly Rent asked for vacant units$424

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage11.80%
Home Equity Loan8.70%
Simple Mortgage45.80%
Debt Free33.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.8%