Newport, TN home prices
Typical home $241,557 · +4.0% in a year · income needed $65,800
The Newport, TN metro area ranks 487 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.0% in a year and +26.6% over five years. With 20% down at 7.11%, the typical home costs about $1,535 a month including 0.57% property tax (Cocke County rate).
Mortgage on the typical Newport home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,311 | $193,246 | $1,300 | $0 | $235 | $1,535 | $65,800 |
| 10% down | $24,156 | $217,401 | $1,462 | $91 | $235 | $1,788 | $76,600 |
| 5% down | $12,078 | $229,479 | $1,544 | $96 | $235 | $1,874 | $80,300 |
| 3.5% down (FHA) | $8,454 | $237,182 | $1,596 | $107 | $235 | $1,937 | $83,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.57% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Newport area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cocke County, TN | $241,556 | +4.1% | 0.57% |
What can you afford in Tennessee on your salary? · Tennessee home prices · Salaries in Tennessee
Frequently asked questions
How much is a house in Newport?
The typical home in the Newport, TN metro area is worth $241,557 (Zillow, September 2026).
What salary do you need to buy a house in Newport?
About $65,800 a year for the typical home with 20% down at 7.11%.