Total monthly cost of ownership
Cost to Own a Home in Newport, Washington
A $231,000 home here costs
$1,812per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $77,500 a year.
A standard mortgage calculator would have told you $1,259. The real number is $552 higher every month, 44% more than the payment most buyers budget for.
Compare Pend Oreille County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Newport from a five-year rolling sample, and with about 2,269 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Pend Oreille County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Newport against Pend Oreille County and Washington
| Measure | Newport | Pend Oreille County |
|---|---|---|
| Median home value | $230,500 | $307,800 |
| Median property tax | $1,412 | $2,048 |
| Effective tax rate | 0.613% | 0.665% |
| Median gross rent | $548 | $786 |
| Population | 2,269 | 13,811 |
The weather behind that power bill
Newport sits in Pend Oreille County, which averages a high of 84.2°F in its hottest month and a low of 21.1°F in its coldest, with 22.52" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 217 cooling and 7,286 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Pend Oreille County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pend Oreille County
No other places of this size are published in Pend Oreille County.
Full Pend Oreille County cost breakdown · Every county in Washington
Talk to someone who works this market
These are Newport averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Newport every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Newport I already own here and may sell
Common questions
How much does it cost to own a home in Newport?
A $231,000 home in Newport, Washington costs approximately $1,812 per month with 20% down at 7.24%. That is $1,259 principal and interest, $118 property tax, $34 homeowners insurance, $208 utilities and $193 set aside for maintenance.
What is the property tax rate in Newport?
Newport has an effective property tax rate of 0.613%, based on a median home value of $230,500 and median real estate taxes of $1,412. That is lower than the Pend Oreille County average of 0.665%.
What is the average home price in Newport?
The median owner-occupied home value in Newport, Washington is $230,500, against $307,800 across Pend Oreille County.
Is it cheaper to rent or buy in Newport?
Median gross rent in Newport is $548 a month, against $1,812 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Newport?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Newport, Washington at today's rate takes a household income of roughly $77,500 a year. That covers the full $1,812 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Newport, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Washington.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.