The facts:
- $437,450: Price of the median single-family home sold last year
- $3,470: Typical monthly payment for that house (including principal, interest, taxes and insurance)
- $138,809: The income you need to afford that house
- $1,414: Average rent for a 2-bedroom apartment
- $56,560: The income you need to afford that apartment
- $30,449: Average annual wage in Newport***
- 1,525: Households in Newport paying more than half their income for housing
- 2,139 (17.29%): Housing units that qualify as affordable
Click here for footnotes.
Affordable homes in Newport:
Beacon Court
Infill subdivision of single family homes completed by Church Community Housing Corporation
Harbor House
Apartments for seniors built by Church Community Housing Corporation
Washington Square
Adaptive re-use of the former Armed Services YMCA into emergency shelter and permanent apartments by Church Community Housing Corporation