Newport, MN Real Estate
According to census data in the year 2000 there were 1,442 housing units in Newport.
This represents a 4.2% growth from 1,384 in 1990.
Of those housing units, 1,442 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 66.6%.
Newport's vacancy rate, including seasonal lodging, is about 1.7%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Newport were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 17.80% |
| Two Bedrooms | 26.70% |
| Three Bedrooms | 38.40% |
| Four Bedrooms | 14.10% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.9 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $112,500 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.01 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $1,125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 13.80% |
| Home Equity Loan | 13% |
| Simple Mortgage | 51.30% |
| Debt Free | 21.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
