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Real Estate Prices & Overview

Newport West median real estate price is $387,386, which is less expensive than 72.4% of Oregon neighborhoods and 45.3% of all U.S. neighborhoods.

The average rental price in Newport West is currently $1,474, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.8% of Oregon neighborhoods.

Newport West is a suburban neighborhood (based on population density) located in Newport, Oregon. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Newport West real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Newport West neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Newport West. The current real estate vacancy rate here is 31.6%. This is higher than the rate of vacancies in 95.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (17.7%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Newport, the Newport West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Newport West neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Newport West is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, despite all of the residential real estate here in the Newport West neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 31.6%, which is higher than 95.3% of all U.S. neighborhoods.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Newport West neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Newport West neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 75.7% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.2% of U.S. neighborhoods. Less time commuting means more time for other things in life.

People

Of particular note, 4.8% of the people in the Newport West neighborhood currently reside in a correction facility, held due to punishment for a crime.

Diversity

Did you know that the Newport West neighborhood has more Welsh and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.2% of this neighborhood's residents have Welsh ancestry and 2.8% have Eastern European ancestry.

Newport West is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 95.0% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Newport West neighborhood in Newport are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 81.8% of U.S. neighborhoods. In addition, 0.7% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 79.5% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Newport West neighborhood, 46.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 31.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.7%), and 11.5% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Newport West neighborhood is English, spoken by 88.0% of households. Some people also speak Spanish (6.4%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Newport West neighborhood in Newport, OR, residents most commonly identify their ethnicity or ancestry as German (14.5%). There are also a number of people of Irish ancestry (13.4%), and residents who report English roots (10.0%), and some of the residents are also of Mexican ancestry (8.2%), along with some French ancestry residents (4.4%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Newport West neighborhood spend under 15 minutes commuting one-way to work (75.7% of working residents), one of the shortest commutes across America.

Here most residents (81.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (8.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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