The housing market in Newport, RI is highly attractive. According to recent data, the median value of homes in Newport is $730,800 which is much higher than the US median value of $338,100. Additionally, the US 1 year house appreciation rate was 8.27%, while in Newport it was an impressive 10.78%. All this points to a strong and growing real estate market in this Rhode Island city and makes it an appealing option for those interested in investing or buying a home.
The median home cost in Newport is $730,800. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Newport is up 16.0%.
Average Age of Homes
- The median age of Newport real estate is 78 years old
The Rental Market in Newport
- Renters make up 46.3% of the Newport population
- 5.5% of houses and apartments in Newport, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.