The housing market in 02841 Newport, RI is booming. The median value for housing in the area is $676,400, which is more than double the US house median value of $338,100. The US 1 year house appreciation rate is 8.27%, but in 02841 Newport, RI it is even higher at 10.78%. This greatly indicates that more people are interested in investing in property in this area and that the housing market here has a bright future ahead of it.
The median home cost in Newport (zip 02841) is $676,400. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Newport (zip 02841) is up 16.0%.
Average Age of Homes
- The median age of Newport (zip 02841) real estate is 54 years old
The Rental Market in Newport (zip 02841)
- Renters make up 0.0% of the Newport (zip 02841) population
- 0.0% of houses and apartments in Newport (zip 02841), 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.