Zip 02840 (Newport, RI) Housing

The housing market in Newport, RI 02840 is booming! The median value of a house in Newport is $740,900, which is significantly higher than the US median value of $338,100. In addition, the 1 year house appreciation rate in Newport is 10.78%, while the national average for the same period is 8.27%. This means that housing prices have been increasing significantly faster in Newport than the rest of the country, indicating a strong and growing real estate market.

The median home cost in Newport (zip 02840) is $740,900. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Newport (zip 02840) is up 16.0%.

Average Age of Homes

- The median age of Newport (zip 02840) real estate is 78 years old

The Rental Market in Newport (zip 02840)

- Renters make up 46.4% of the Newport (zip 02840) population
- 5.5% of houses and apartments in Newport (zip 02840), 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, Rhode Island	United States
	13,244.0	139,647,020.0
	58	42
	$740,900	$338,100
	16.0%	16.6%
	60.5%	57.0%
	91.2%	101.1%
	$8.93	$10.98
	$4,732	$2,690
	35.6%	57.4%
	23.2%	11.2%
	41.2%	31.4%
Vacant Housing
	5.5%	1.9%
	0.1%	0.4%
	0.9%	0.7%
	1.3%	0.4%
	11.6%	3.6%
	3.9%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	0.2%	2.4%
	0.8%	2.8%
	0.3%	3.9%
	0.1%	4.5%
	1.0%	11.3%
	3.1%	13.0%
	7.6%	20.1%
	16.5%	13.6%
	15.5%	8.3%
	28.0%	9.7%
	10.9%	3.9%
	7.1%	2.2%
	1.5%	0.8%
	5.8%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	3.5%	13.6%
	3.5%	13.6%
	3.9%	13.6%
	7.0%	13.2%
	7.0%	14.8%
	3.9%	13.6%
	6.8%	10.0%
	6.1%	4.7%
	55.2%	12.2%

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