The typical owner-occupied home in Newport is worth about $179,400, 43% below the Vermont median of $316,600 and 46% below the national median of $332,700. Owners pay a median $4,036 a year in property taxes, about 2.25% of their home's value, higher than the Vermont rate of 1.59%. The median household earns $54,646 a year, so the median home costs 3.3 times the median income (3.9 times for Vermont). 58% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Newport at a glance
| Newport | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $179,400 | $316,600 | $332,700 |
| Median property tax paid per year | $4,036 | $5,039 | $3,119 |
| Property tax as a share of value | 2.25% | 1.59% | 0.94% |
| Median household income | $54,646 | $81,203 | $80,734 |
| Homes lived in by their owners | 58% | 73% | 65% |
| Owner homes with a mortgage | 55% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,545 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 21.7% | 21.0% |
| Median rent | $850 | $1,234 | $1,413 |
| Rent as a share of renters' income | 29.2% | 29.4% | 30.6% |
| Median year homes were built | 1966 | 1976 | 1980 |
| Vacant homes | 14.2% | 19.4% | 10.1% |
| Population | 4,394 | 647,106 | 334,922,499 |
What a typical home costs per month in Newport
At this week's average 30-year rate of 7.11%, buying the median Newport home of $179,400 with 20% down costs about $1,377 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,675, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $58,997 for the 20%-down payment. That payment is 30% of the median Newport household income of $54,646; at that income and 20% down, the 28% guideline points to a home of about $166,000.
The median rent here is $850 a month, so owning the median home costs about $527 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,880 |
|---|---|
| Loan amount | $143,520 |
| Principal and interest | $965 |
| Property taxes (2.25% a year) | $336 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| PMI | $0 |
| Total per month | $1,377 |
Change the numbers in the calculator
| Down payment | $6,279 |
|---|---|
| Loan amount | $176,151 |
| Principal and interest | $1,185 |
| Property taxes (2.25% a year) | $336 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| FHA mortgage insurance | $79 |
| Total per month | $1,675 |
Change the numbers in the calculator
Questions about home buying in Newport
What is the median home value in Newport?
About $179,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newport?
Homeowners pay a median $4,036 a year, which is about 2.25% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Newport?
For the median home with 20% down at 7.11%, the payment is about $1,377 a month. Keeping that under 28% of gross income takes about $58,997 a year.
More about Newport
- Mortgage Refinance in Newport
- Debt Relief in Newport
- Home Equity Loans in Newport
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data