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Foreclosure Homes in Newport, KY 41071

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Newport, KY Foreclosures

How much do homes sell for in Newport, KY?
The average home price is currently $307,949.
In Newport, KY, how many homes are available?
There are currently 38 active home listings available in Newport.
What’s the average rental cost in Newport, KY?
The average rental price in Newport is $1,122.
What is the most expensive home in Newport?
The most expensive home sold in Newport had a price of $31,779,576.
What is currently the cheapest priced home in Newport, KY?
The cheapest home for sale in Newport is priced at $10,578.

Living in Newport, KY

Newport, KY, is a charming city known for its rich history and scenic waterfront. It offers a delightful mix of urban amenities, outdoor recreation, and strong community spirit. With excellent schools and convenient access to nearby Cincinnati, Newport is an attractive option for families and investors alike.

Current Market Conditions in Newport, KY

The real estate market in Newport has been experiencing steady growth, driven by affordable home prices compared to neighboring Cincinnati. Investors are drawn to the area due to its revitalization efforts and increasing demand for rental properties, particularly from young professionals and families.

Current trends show a growing interest in both single-family homes and multi-family units, making it a favorable environment for real estate investment. The city’s charming neighborhoods and ongoing development projects are expected to further enhance property values in the coming years.

Home Value Estimator For Newport, KY

There are currently 5,460 real estate properties in Newport, KY, with a median automated valuation model (AVM) price of $226,877.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Newport, KY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Newport, KY, is $307,949.00, with the most expensive house in Newport, KY, topping out at $31,779,576.00 and the cheapest home in Newport, KY, clocking in at $10,578.00. In other words, there’s something for every potential homebuyer or savvy investor in Newport, KY!

Rent Prices In Newport, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Newport, KY, is on a rollercoaster ride. The average rent price in Newport, KY, is $1,122.00. Indeed, when looking to rent in Newport, KY, you can expect to pay as little as $480.00 or as much as $2,920.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Newport, KY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Newport, KY 41071 Foreclosures

Market Trend for Newport, KY

Total Listings Available: 38

Market Values:

Home Prices from $10,578 to $31,779,576

Average Sales Price: $307,949

Rental Values:

Rental from $480 to $2,920

Average Rent Value: $1,122 / month

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