Newport County, Rhode Island Housing Market
In Newport County, Rhode Island, the median home value is $609,700, with a median monthly rent of $1,713. This places Newport County at #81 nationally out of 3134 counties by median home value, and #1 within Rhode Island.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,251
- Establishments: 4,409
- BLS QCEW, 2025
Housing Supply
- Single-family: 76
- Multi-family: 55
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 37,669 (avg $123,746)
- Outflow: 35,574 (avg $120,724)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Newport County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 02840 | 480.7 | +7.63% | 2025 |
| 2 | 02835 | 409.2 | +7.04% | 2025 |
| 3 | 02837 | 328.3 | +3.35% | 2025 |
| 4 | 02842 | 374.3 | +4.42% | 2025 |
| 5 | 02871 | 336.4 | +9.52% | 2025 |
| 6 | 02878 | 324.9 | +6.31% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Newport County on Our Sister Sites
Get the complete picture for Newport County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Newport County Compares
| Metric | Newport County | Rhode Island Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $609,700 | $474,800 | $227,706 |
| Median Gross Rent | $1,713 | $1,441 | $968 |
| Owner Occupancy Rate | 67.9% | 69.4% | 73.3% |
| Price/Rent Ratio | 29.7 | 27.3 | 18.7 |
Market Analysis
The median home value in Newport County is 28.4% above the Rhode Island state average and 167.8% above the U.S. national average. The median rent of $1,713/month is 18.9% above the state average.
With a price-to-rent ratio of 29.7, Newport County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Newport County has an owner-occupancy rate of 67.9%, compared to 69.4% in Rhode Island and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Clear Creek County | Colorado | $608,500 | $1,467 |
| Clackamas County | Oregon | $611,000 | $1,758 |
| Monmouth County | New Jersey | $606,100 | $1,827 |
| Douglas County | Nevada | $615,400 | $1,593 |
| Denver County | Colorado | $616,000 | $1,831 |
Other Counties in Rhode Island
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bristol County | $513,800 | $1,528 | 71.8% |
| Washington County | $510,800 | $1,327 | 77.5% |
| Providence County | $373,600 | $1,312 | 56.9% |
| Kent County | $366,100 | $1,327 | 73.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).