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Foreclosures in Newport, KY

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Newport, KY Foreclosures

How much do homes sell for in Newport, KY?
The average home price is currently $319,436.
In Newport, KY, how many homes are available?
There are currently 63 active home listings available in Newport.
What’s the average rental cost in Newport, KY?
The average rental price in Newport is $1,123.
What is the most expensive home in Newport?
The most expensive home sold in Newport had a price of $32,702,705.
What is currently the cheapest priced home in Newport, KY?
The cheapest home for sale in Newport is priced at $10,794.

Living in Newport, KY

Newport, Kentucky, offers a unique blend of urban amenities and small-town charm. Located just across the river from Cincinnati, it boasts a vibrant waterfront that features parks, restaurants, and entertainment options. With a growing real estate market and easy access to public transit, Newport is an attractive location for families and young professionals alike.

Current Market Conditions in Newport, KY

The Newport real estate market is currently experiencing a steady rise in home prices, reflecting a growing interest in the area due to its affordability compared to neighboring cities. Buyers are attracted to the city's blend of urban life and community feel, with a variety of housing options available. The demand for homes in Newport has seen an upward trend, resulting in more competitive offers and shorter time on the market for desirable properties.

Rental properties are also gaining attention, particularly among investors looking for promising opportunities in this revitalizing area. The rental market benefits from the influx of young professionals and families relocating to Newport, driving demand for both single-family homes and multi-family units.

Home Value Estimator For Newport, KY

There are currently 5,490 real estate properties in Newport, KY, with a median automated valuation model (AVM) price of $233,324.00. 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 $319,436.00, with the most expensive house in Newport, KY, topping out at $32,702,705.00 and the cheapest home in Newport, KY, clocking in at $10,794.00. 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 $1,123.00. 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 Foreclosures

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