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City · 24,874 residents · Newport County, Rhode Island

Newport , Rhode Island

In Newport, a typical home is worth $746,900 and typical rent is $1,698 a month. Compared with all of Newport County, the typical home value is 23% higher, typical household income is 17% lower, and the share of households that own their home is 18 points lower.

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  • Typical home value

    $746,900

    23% above the county

    85% above Rhode Island

    • Newport
    • County
    • Rhode Island

  • Typical rent

    $1,698a month

    About the same as the county

    27% above Rhode Island

    • Newport
    • County
    • Rhode Island

  • Typical household income

    $86,313a year

    17% below the county

    About the same as Rhode Island

    • Newport
    • County
    • Rhode Island

  • Households that own their home

    50%

    18 points below the county

    14 points below Rhode Island

    • Newport
    • County
    • Rhode Island

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$966,419
9% more than 12 months ago
Typical rent
$3,022 a month
9.8% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Newport is in Newport County. The FHA loan limit ($787,750 for a one-unit home), the fair market rents and the help on this page are those of all of Newport County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Newport apart

What this place has that others do not, from public data, most unusual first.

  1. Newport has the highest typical home value of the 16 cities in Rhode Island with more than 5,000 people: $746,900.

  2. Nearby, in Warwick, the typical home value is $354,600: 53% less than in Newport ($746,900).

  3. 50% of households in Newport own their home, against 68% in Newport County.

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Newport rose 9%; in Rhode Island, it rose 3.5%.

  5. Nearby, in Wakefield-Peace Dale, the typical rent is $1,258: 26% less than in Newport ($1,698).

  6. The typical household income in Newport is $86,313, 17% less than in Newport County as a whole ($103,514).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Newport

What homes there are in Newport, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Newport; the largest group, detached houses, adds up to 41%, less than in Newport County (63%).

Year built

Old homes abound here: at least half date from before 1940, and 72% were built before 1960.

There are fewer big homes in Newport than in Newport County: 45% have 3 bedrooms or more, against 57%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Newport County is $2,507; about 82% of rents in Newport are below it.

With a mortgage

$2,835 a month

Newport County: $2,622 a month

Without a mortgage

$1,083 a month

Newport County: $1,030 a month

Owners with a mortgage

62%

Newport County: 58%

The typical cost for an owner with a mortgage in Newport is $2,835 a month, more than in Newport County ($2,622); without one, $1,083.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Newport gained value faster than in Newport County: 66% against 57%.

Rents in Newport rose faster than in Newport County: 37% since 2015–2019, against 33%.

Housing prices ran ahead of income in Newport: typical income rose 29%, against +66% for home values and +37% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureNewportNewport CountyRhode IslandUnited States
Rental vacancy 5.7%5.9%4.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.2%3.4%
People per household 1.972.192.392.53
Drive alone 58%70%72%69%
Carpool 6%6%8%9%
Public transit Unreliable estimate1%2%3%
Walk or bike 14%6%3%3%
Work from home 19%16%13%15%
Other means Unreliable estimate2%2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Much as in Newport County, the rental vacancy rate in Newport is 5.7%.

Households in Newport are smaller: 1.97 people on average; in Newport County, 2.19.

In Newport, 14% of workers walk or bike to work; in Newport County, 6%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Newport?

A typical home costs more than the typical income allows

We start with a typical home in Newport, worth $746,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 84% of the typical household income in Newport, which is $86,313 a year. For that payment to be 28% of income, a household would need to earn about $259,087 a year.

The calculator's FHA and conventional loan limits are those of all of Newport County.

Your numbers

Local data
$

Starts at the typical home value in Newport. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $26,142 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$6,045

at 7.18% · 30 years

Loan amount
$733,371
Total interest
$1,055,149
Paid off in
November 2056

Includes $12,613 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,014 a month

  • Tight

    $2,014 to $2,589 a month

  • Hard

    more than $2,589 a month

    Your payment · 84%

Compared with the typical household income in Newport ($86,313 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$6,045
Principal & interest$4,968
Property tax$436
Home insurance$311
FHA mortgage insurance (MIP)$330

You need at least $26,142 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Newport and Newport County

Newport is in Newport County, Rhode Island. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Newport's own numbers

Typical home value
$746,900
Typical monthly rent
$1,698
Typical yearly household income
$86,313
Households that own their home
50%
Effective property tax rate
0.7%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Newport County

FHA limit, one-unit home
$787,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,879–$2,507
Price change over 5 years (FHFA)
+67%
Homes in a high flood-risk zone
6.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Newport County.

Everything about Newport County

Buying

Buying a home in Newport

A typical home in Newport is worth $746,900: 23% above the county and 85% above Rhode Island. With the typical household income in Newport ($86,313 a year), a typical home costs 8.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Newport 8.7 years
  • County 5.9 years
  • Rhode Island 4.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Newport County

According to FHFA’s house price index, home prices in Newport County rose 115% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Newport County.

Period County Rhode Island U.S.
Last year (2025) +6.8% +5.4% +2.9%
5 years (2020–2025) +67% +65% +47%
10 years (2015–2025) +115% +112% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Newport next to Newport County, Rhode Island and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Newport $746,900
  • County $609,700
  • Rhode Island $404,200
  • United States $332,700
Typical monthly rent
  • Newport $1,698
  • County $1,713
  • Rhode Island $1,342
  • United States $1,413
Typical yearly household income
  • Newport $86,313
  • County $103,514
  • Rhode Island $87,796
  • United States $80,734
See the full table
Newport next to Newport County and Rhode Island
Measure Newport Newport County Rhode Island U.S.
Typical home value $746,900 $609,700 $404,200 $332,700
Typical monthly rent $1,698 $1,713 $1,342 $1,413
Typical yearly household income $86,313 $103,514 $87,796 $80,734
Households that own their home 50% 68% 64% 65%
Typical yearly property tax $5,264 $5,414 $4,900 $3,119
Effective property tax rate 0.7% 0.89% 1.21% 0.94%
Renters with high rent for their income 55% 50% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Newport County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Newport

For a typical $746,900 home in Newport, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Newport's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $6,045a month

    Least cash to close
    Down payment
    $26,142
    Cash to close
    $48,549
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $330

  • Conventional, 5% down $5,908a month

    Down payment
    $37,345
    Cash to close
    $59,752
    Rate
    7.18%
    Mortgage insurance
    PMI · $355

  • Conventional, 20% down, no PMI $4,795a month

    Down payment
    $149,380
    Cash to close
    $171,787
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,485a month

    Down payment
    $112,035
    Cash to close
    $134,442
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Newport and for Newport County.

Property tax

Effective rate in Newport

0.7%of the home’s value each year

$5,264 a year for the typical owner in Newport.

  • Newport 0.7%
  • County 0.89%
  • Rhode Island 1.21%

What Rhode Island publishes Homestead exemption from your city or town (Rhode Island General Assembly (Rhode Island General Laws, Title 44))

Exemptions and deadlines in Rhode Island

Flood risk in Newport County

FEMA does not publish these numbers by city: they are for all of Newport County.

Homes in the high-risk zone
6.8%
2,144
Of those, with NFIP insurance
45%
County Rhode Island U.S.
Homes in the high-risk zone 6.8% 3.7% 3.5%
Of those, with NFIP insurance 45% 49% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Newport

Typical rent in Newport is $1,698 a month: about the same as the county. In Newport, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for each area of Newport County; Newport is in Newport-Middleton-Portsmouth, RI HUD Metro FMR Area. To pay the 2-bedroom one ($2,507 a month) without spending more than 30% of your income, you would need to earn $48.21 an hour working full time.

Fair market rent by size in Newport-Middleton-Portsmouth, RI HUD Metro FMR Area

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,904 $36.62 $76,160
1 bedroom $1,916 $36.85 $76,640
2 bedrooms $2,507 $48.21 $100,280
3 bedrooms $3,327 $63.98 $133,080
4 bedrooms $3,981 $76.56 $159,240

HUD splits this county into 2 areas with different fair market rents: for 2 bedrooms they run from $1,879 to $2,507. The table by area, below, shows which one each town is in.

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Fair market rent by HUD area in Newport County

HUD splits this county into 2 areas, each with its own fair market rent. Find your town in its area's list; the housing agency tells you which one it uses for your voucher.

HUD area Studio1 bd2 bd3 bd4 bdHourly wage, 2 bd
Newport-Middleton-Portsmouth, RI HUD Metro FMR Area The area where most people liveNewport is in this area
3 towns in this area

Middletown town, Newport city, Portsmouth town

 $1,904$1,916$2,507$3,327$3,981$48.21
Providence-Fall River, RI-MA HUD Metro FMR Area
3 towns in this area

Jamestown town, Little Compton town, Tiverton town

 $1,423$1,509$1,879$2,302$2,615$36.13

HUD fair market rent by area and size, per month, Fiscal year 2027. The wage is what full-time work must pay to rent 2 bedrooms without spending more than 30% of income. Source: HUD, Fiscal year 2027 Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

By ZIP code

Fair market rent by ZIP code in Newport

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Newport has 2 ZIP codes with their own.

For 2 bedrooms it is $2,480 in all of them.

  • 02840 $2,480$3,290
  • 02841 $2,480$3,290

A ZIP code counts for Newport when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Newport

HUD lists 34 buildings with rents for lower incomes in Newport. These are the largest.

  • Festival Field 90 Girard Ave, Newport 02840 204 low-income homes · For families (401) 847-0800
  • Scattered Site Elderly 36A Earl Ave, Newport 02840 156 low-income homes · Run by The Housing Authority of the City of Newport · Average payment: $492 a month · Average wait: 40 months (401) 847-0185
  • Broadway West Broadway 75 Broadway, Newport 02840 115 homes, 114 low-income · For older adults (401) 847-8151
  • Park Holm Park Holm Street, Newport 111 low-income homes · 1 bd: 14 · 2 bd: 35 · 3 bd: 56 · 4 bd: 6 · In service since 2015 · For people with disabilities, families
  • Bayside Village 143 3rd St, Newport 02840 111 homes, 97 low-income · For families (401) 847-6200

See all 57 buildings in Newport County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Newport

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Newport County. The nearest ones are below; many serve by phone or online.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Newport

1 program is for Newport or Newport County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in Rhode Island: they work in Newport the same as in the rest of the state.

Which programs do I qualify for? All programs in Rhode Island

  • FirstGenHomeRI

    For Newport

    Limited funds remain, per the source

    RIHousing pilot help of $25,000 for the down payment or closing costs of first-generation buyers who now live in certain cities; no interest or payments, and not repaid if you live in the home five years. Offered by RIHousing.

    Forgivable

    See the program Official page

  • 15kDPA

    Statewide in Rhode Island

    Rhode Island state agency loan of $15,000 at 0% with no monthly payments for the down payment or closing costs of first-time buyers with a RIHousing mortgage; repaid when you sell or leave the home. Offered by RIHousing.

    Deferred

    See the program Official page

  • Extra Assistance

    Statewide in Rhode Island

    RIHousing second mortgage for first-time buyers, of up to 6% of the price or $20,000 (whichever is less) for the down payment, which you repay over 15 years at the same rate as your RIHousing mortgage. Offered by RIHousing.

    Repayable

    See the program Official page

Housing counselors near Newport

The HUD-approved agencies closest to the center of Newport, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • West Elmwood Housing Development Corporation

    224 Dexter St, Providence · 23 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (401) 453-3220

  • Providence Housing Authority

    50 Laurel Hill Ave, Providence · 24 miles away · Spanish

    Also serves in American Sign Language (ASL) and Portuguese.

    • Budget and credit workshops
    • Workshops for new owners
    • and 2 more
    (401) 751-6400

  • Rhode Island Housing Help Center

    44 Washington St, Providence · 24 miles away · Spanish

    • Mortgage delinquency and default
    (401) 457-1000

All counseling agencies in Rhode Island

Help in Spanish near Newport

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Newport

HUD’s record names them for Newport or Newport County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • The Housing Authority of the City of Newport Public housing and Section 8 vouchers (401) 847-0185

3 other authorities have an office in Newport County: see the list Source: HUD

Cities

Other cities in Newport County

These cities are also in Newport County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Newport County Housing in Rhode Island

Nearby cities

The cities closest to Newport, with the typical home value.

Neighboring counties

If Newport County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Newport.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Newport

Short answers with the numbers for Newport and all of Newport County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Newport?

The typical home value in Newport is $746,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Newport County it is $609,700.

How much does it cost to rent in Newport?

Typical rent in Newport is $1,698 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Newport County is $1,879–$2,507.

What is the FHA loan limit in Newport?

Newport uses the FHA limit for all of Newport County (2026): $787,750 for a one-unit home and $1,514,950 for a four-unit home.

How much property tax do owners pay in Newport?

The typical homeowner in Newport pays $5,264 a year, according to the U.S. Census Bureau. That is 0.7% of the home’s value; in Newport County, the rate is 0.89%.

Where can I find free help to buy or rent in Newport?

We found no HUD-approved counseling agencies with an office in Newport County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).