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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 16.60% |
| Two Bedrooms | 35.10% |
| Three Bedrooms | 35.40% |
| Four Bedrooms | 10.40% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.20% |
| Home Equity Loan | 4.70% |
| Simple Mortgage | 34.30% |
| Debt Free | 56.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.3% |
