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.