Rent to own Homes in Newport, KY
Newport, Kentucky, is home to Newport on the Levee, a collection of dining, shopping and entertainment offerings that's sure to please visitors of all ages. From the Funny Bone comedy club to all the toppings you can handle at Dewey's Pizza, the Levee is brimming with fun. Newport is conveniently situated directly across the Ohio River from "Queen City" Cincinnati, Ohio, allowing residents to easily partake in all that Cincinnati has to offer.
Newport, KY is a great place for affordable rent-to-own homes! With a median household income of over $39,335 and a median rent of $722, the Newport, KY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Newport, KY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Newport, KY Property Resources
Rent to own Homes in Cities Near Newport, KY
- Amelia
- Burlington
- Camp Dennison
- Coldstream
- Covedale
- Crescent Springs
- Crestview Hills
- Day Heights
- Delhi Hills
- De Mossville
- Edgewood
- Evendale
- Fairfax
- Fort Mitchell
- Fort Thomas
- Francisville
- Fruit Hill
- Goshen
- Hebron
- Highland Heights
- Kings Mills
- Landen
- Lebanon
- Loveland
- Loveland Park
- Ludlow
- Madeira
- Madison Place
- Mariemont
- Miami Heights
- Miamitown
- Middletown
- Morning View
- Moscow
- Mount Carmel
- Mount Repose
- Mount Saint Joseph
- Newtown
- Norwood
- Oakbrook
- Park Hills
- Reading
- Remington
- Silver Grove
- Summerside
- Taylor Creek
- Taylor Mill
- Verona
- West Chester
- Withamsville
Buying a Home in Newport, KY
Newport, KY is seeing rapid growth and Newport, KY's' housing market remains optimal with an average home price that is -26% below the 2024 national average. Newport, KY is part of Kenton county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Kenton is 1.03% which is above the national average, which is 0.99%.
Median Home Price in Newport, KY
Median Rent in Newport, KY
Top 6 Reasons to Live in Newport, Kentucky
Penguins and other aquatic wonders! Situated within Newport on the Levee is the Newport Aquarium, an aquatic wonderland filled with sharks, stingrays and polar bears. Have a penguin encounter, stroll down Gator Alley, or venture through Frog Bog. Turtle Canyon offers a glimpse into the lives of 14 turtle species from three separate continents.
Historical tours! Take a walk down memory lane with Newport's collection of guided tours, which delve into the city's rich history. Discover the tangled origins of Newport's early casinos and gamblers on the Newport Gangsters Tour, or experience the paranormal with the Newport is Haunted Tour, which profiles the city's most famous haunted locations, including the notoriously spooky Bobby Mackey's Music World.
Endless festivals! The city of Newport offers countless annual festivals for residents and visitors to enjoy. The Italianfest in June and the Queen City Sausage Festival in July help make the summer even more lively, while the Great Inland Seafood Festival and Oktoberfest help usher in fall.
Cultural flair! Music lovers will enjoy the diverse selection of live bands at the Southgate House, and drama enthusiasts will surely applaud the numerous productions held at both The Footlighters and the Falcon Theater.
Affordable housing! If you're looking to rent to own or buy in Newport, you'll be pleased to know that the housing here is known for its affordability. The community boasts a number of modern and historical properties within its neighborhoods, and the overall cost of living in Newport is 17% less than the national average. The availability of free things to do (like walking along the Purple People Bridge or viewing the World Peace Bell) sweetens the deal.
Beautiful neighborhoods! The city of Newport is composed of several neighborhoods, each offering its own unique charm. Clifton is positioned at the city's southern base and offers numerous housing options, from rental homes to homes for sale. For those who crave historical architecture, the East Row neighborhood features a historic district with gorgeous Victorian homes and ample character.