Newport, TN Real Estate
According to census data in the year 2000 there were 3,472 housing units in Newport.
This represents a 9.5% growth from 3,171 in 1990.
Of those housing units, 3,377 were located in either urbanized areas or urban clusters, and 95 were located in what is classified as a rural area.
Homeownership rate in Newport is about 54%.
Newport's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 2.2 people.
The majority of houses, apartments or condos in Newport were built after 1967.
|Housing Units by Size|
|Five Bedrooms or more||1.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.2|
|Median year structure was built||1962|
|Median Value of occupied units||$71,400|
|Median Price asked for vacant units||$40,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.19|
|Median year structure was built||1973|
|Median Monthly Rent asked for vacant units||$207|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||4.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.3%|