Quick facts: Newport, OR

Quick Facts

111
Cost of Living
above US average
10,412
Population
33.9
Crime Rate per 1000
above US average
$57,511
Median Income
below US average
$259,000
Median House Price
above US average
$1965.0
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $57,511.

🏠

Income Needed to Buy

βœ— Stretch
$81k/year
Based on $259,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $81k vs median $57,511
🏒

Income Needed to Rent

⚠ Stretch
$84k/year
Based on $1965.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $84k vs median $57,511
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newport, OR

Newport, Oregon, located along the picturesque Oregon Coast, is a vibrant coastal city known for its stunning vistas, rich maritime history, and bustling fishing industry. The city boasts beautiful beaches, such as Nye Beach and Agate Beach, perfect for relaxation and recreation. Newport is home to the Oregon Coast Aquarium, renowned for its diverse marine life and interactive exhibits, making it a favorite destination for families and nature enthusiasts. Historic landmarks like the Yaquina Head Lighthouse offer breathtaking ocean views and insights into the area's nautical past. The city's lively waterfront area features a variety of shops, restaurants, and art galleries, showcasing local artisans and fresh seafood dining experiences. Outdoor activities abound, from kayaking and whale watching to hiking along scenic coastal trails. Newport's mild marine climate makes it an inviting destination year-round. Additionally, the town hosts various festivals, including the Newport Seafood & Wine Festival, celebrating the region's culinary heritage. With a blend of natural beauty, cultural offerings, and recreational opportunities, Newport is a charming coastal gem in Oregon.

πŸ” Search & Compare Places

First Location πŸ“