Quick facts: Newport, TN

Quick Facts

99.5
Cost of Living
below US average
6,901
Population
62.02
Crime Rate per 1000
above US average
$35,784
Median Income
below US average
$230,000
Median House Price
above US average
$1278.43
Average Rent
below US average
19%
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 $35,784.

🏠

Income Needed to Buy

βœ— Stretch
$72k/year
Based on $230,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $35,784
🏒

Income Needed to Rent

⚠ Stretch
$55k/year
Based on $1278.43/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $55k vs median $35,784
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newport, TN

Newport is a charming city located in Cocke County, Tennessee. Nestled along the banks of the Pigeon River, it serves as a gateway to the scenic Great Smoky Mountains National Park, which is just a short drive away. The city is characterized by its small-town atmosphere, friendly residents, and rich history. Founded in the 19th century, Newport boasts several historical landmarks, including the Cocke County Courthouse and the Newport Confederate Cemetery. The downtown area features a mix of local shops, restaurants, and cafes that showcase the community's Southern hospitality. Outdoor enthusiasts will find plenty to enjoy in Newport, with opportunities for fishing, hiking, and camping nearby. The Pigeon River is popular for white-water rafting, offering thrilling adventures for both beginners and experienced paddlers. Culturally, Newport hosts various events throughout the year, including the annual Newport Harvest Festival, which celebrates local agriculture and crafts. The city also has a strong sense of community, with various recreational facilities, parks, and family-friendly activities, making it a perfect place for both residents and visitors to explore.

πŸ” Search & Compare Places

First Location πŸ“