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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.10% |
| One Bedroom | 27.80% |
| Two Bedrooms | 35.60% |
| Three Bedrooms | 25.10% |
| Four Bedrooms | 7.20% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $67,500 |
| Median Price asked for vacant units | $42,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1947 |
| Median Monthly Rent asked for vacant units | $424 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 11.80% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 45.80% |
| Debt Free | 33.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
