Newport, TN Foreclosures
How much do homes sell for in Newport, TN?
The average home price is currently $186,687.
In Newport, TN, how many homes are available?
There are currently 52 active home listings available in Newport.
What’s the average rental cost in Newport, TN?
The average rental price in Newport is $881.
What is the most expensive home in Newport?
The most expensive home sold in Newport had a price of $16,965,050.
What is currently the cheapest priced home in Newport, TN?
The cheapest home for sale in Newport is priced at $4,794.
Living in Newport, TN
Newport, TN, is a charming small town known for its scenic landscapes and family-friendly atmosphere. Situated near the Smoky Mountains, it offers residents a mix of outdoor activities and local conveniences, making it a great place to call home. With a strong sense of community and accessible amenities, Newport is perfect for families and outdoor enthusiasts alike.
Current Market Conditions in Newport, TN
The current real estate market in Newport, TN, is showing signs of growth, with increased interest from buyers attracted to the town's affordability and natural beauty. Home prices have been relatively stable, yet demand is rising among first-time buyers and retirees, contributing to a competitive market environment.
Recently, Newport has experienced a surge in property listings, indicative of a trend where sellers are taking advantage of the growing interest in the area. Ideal for those looking for affordable housing options, the market is becoming more dynamic with opportunities for investment and development.
Home Value Estimator For Newport, TN
There are currently 9,193 real estate properties
in Newport, TN,
with a median automated valuation model (AVM) price
of $162,010.00. 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, TN, 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, TN,
is $186,687.00, with the most expensive house
in Newport, TN, topping out
at $16,965,050.00 and the cheapest home
in Newport, TN,
clocking in at $4,794.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Newport, TN!
Rent Prices
In Newport, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Newport, TN, is on
a rollercoaster ride. The
average rent price in Newport, TN,
is $881.00. Indeed, when looking to rent in
Newport, TN, you can expect to pay as little
as $430.00 or as much
as $2,560.00,
with the average rent median estimated to
be $840.00. The good news is that finding
an affordable and desirable property to rent in Newport, TN
-- 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.
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