Newport Market Information
The City of Newport, once known for its gambling halls and gangster activity, is now known as a family-friendly tourism and dining destination for the Greater Cincinnati and Northern Kentucky area.
Newport is home to dozens of local and chain restaurants. Newport on the Levee and the Newport Shopping Center feature many unique shops and dining opportunities. The Hofbrauhaus, styled after the original in Munich, Germany, was the first of several Hofbrauhaus restaurants opened in America.
Newport has easy access to downtown Cincinnati and all of Northern Kentucky via I-471 and three bridges to Ohio, providing a short drive to other shopping opportunities such as the Florence Mall. Greater Cincinnati Airport is about a twenty minute drive.
The city is home to a dozen parks, providing playgrounds, ball fields and courts, picnic shelters, and swimming pools. General James Taylor Park, located at the confluence of the Licking and Ohio Rivers, provides a spectacular view of both rivers and the Cincinnati Skyline. The Newport Aquarium at Newport on the Levee was named the number 1 aquarium in 2012 by the Readers’ Choice Travel Awards from 10Best.com.
The Newport Independent School District services the educational needs of the city from pre-Kindergarten through high school. Northern Kentucky University is just a few minutes to the south.
Newport has many elegant mansions and stately homes located on tree-lined streets. Home prices vary from sub $100,000 to over $500,000, with the average home price just over $100,000.
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About Home Valuations
Many popular real estate sites use Automated Valuation Models (AVM) to estimate the price of your home. These models use historical statistics based upon similar homes to determine a price range. Just because two homes may be in the same neighborhood, have the same number of bedrooms, and be the same size does not mean that the prices of the homes will be similar. Many factors go into pricing a home, including the property's condition (both inside AND out), lot characteristics, latest market conditions, amenities, and even intangible factors. Having a real estate professional evaluate your property is the best way to receive the most accurate estimate of your home's value. To receive an estimate for your home, fill out the form above to receive a free, no obligation Comparative Market Analysis (CMA).
Keep in mind that your home is one of the most valuable assets you own. Even if you are not considering the sale of your property, a CMA is a great way to understand the equity you have accumulated in your home, which can be useful for financial planning.