Zip 02842 (Newport East, RI) Housing

The housing market in 02842 Newport East, RI is on an upswing. The median value of homes in the area is currently $610,800, which is significantly higher than the US median value of $338,100. In the past year, home appreciation in the area has been 10.78%, higher than the national average of 8.27%. This indicates that Newport East's real estate prices are continuing to grow and could be a great investment opportunity for potential homeowners.

The median home cost in Newport East (zip 02842) is $610,800. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Newport East (zip 02842) is up 16.0%.

Average Age of Homes

- The median age of Newport East (zip 02842) real estate is 49 years old

The Rental Market in Newport East (zip 02842)

- Renters make up 39.8% of the Newport East (zip 02842) population
- 3.9% of houses and apartments in Newport East (zip 02842), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Newport East, Rhode Island	United States
	8,344.0	139,647,020.0
	52	42
	$610,800	$338,100
	16.0%	16.6%
	60.5%	57.0%
	91.2%	101.1%
	$12.95	$10.98
	$5,451	$2,690
	49.2%	57.4%
	12.9%	11.2%
	38.0%	31.4%
Vacant Housing
	3.9%	1.9%
	0.5%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	7.2%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	2.2%	2.4%
	0.6%	2.8%
	0.3%	3.9%
	0.0%	4.5%
	2.6%	11.3%
	3.4%	13.0%
	10.3%	20.1%
	25.9%	13.6%
	22.9%	8.3%
	25.8%	9.7%
	3.7%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	1.7%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	11.6%	13.6%
	14.6%	13.2%
	12.9%	14.8%
	11.6%	13.6%
	13.9%	10.0%
	8.5%	4.7%
	14.2%	12.2%

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