Quick facts: Newport, WA

Quick Facts

115.1
Cost of Living
above US average
2,202
Population
18.62
Crime Rate per 1000
below US average
$46,250
Median Income
below US average
$290,000
Median House Price
above US average
$986.29
Average Rent
below US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below 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 $46,250.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $290,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $46,250
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Income Needed to Rent

βœ“ Affordable
$42k/year
Based on $986.29/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($46,250) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newport, WA

Newport, Washington, is a charming city located in the northeastern part of the state, near the border with Idaho. It sits along the shores of the Pend Oreille River, offering stunning views and a serene environment. Known for its small-town charm, Newport combines natural beauty with a strong sense of community. The city is surrounded by lush forests and scenic landscapes, making it a popular destination for outdoor enthusiasts. Residents and visitors can enjoy activities such as hiking, fishing, boating, and camping in the nearby Colville National Forest and other natural areas. Newport has a rich history, with its roots going back to the late 19th century. The town features a mix of historical architecture and newer developments, providing a unique blend of the past and present. The local economy is primarily driven by tourism, agriculture, and timber, with several local businesses contributing to the vibrant community atmosphere. With annual events like the Newport Rodeo and the Pend Oreille County Fair, there are plenty of opportunities for residents to gather and celebrate. Newport's friendly atmosphere, beautiful surroundings, and outdoor recreation make it an inviting place to live or visit.

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