41071, Newport, KY

The 41071 zip code of Newport, KY has a median home value of $128,000 and a median home equity value of $142,000. This is higher than the national median home value of $123,600 and the regional median home equity value of $116,500. The 41071 zip code also has a high percentage of homes with a mortgage at 97%. This is higher than the national mortgage rate of 4.5% and the regional mortgage rate of 84%.

There are many factors that contribute to the high home values in the 41071 zip code. Newport is located in one of Kentucky's wealthiest counties and has a strong economy. Additionally, there is an abundance of expensive homes available for sale in this area due to recent development and growth. The high percentage of mortgages also contributes to the high home values in this zip code. Many people are able to afford a house in Newport because they have access to ample credit.