Middletown, Rhode Island.
Typical home $765,559 (+5.6% in a year), asking rent $3,327 (+11.5%). Providence-Warwick, RI-MA metro.
to buy the typical home at today's mortgage rate — +$2,455 (+157%) since Jan 2020.
- 1 year
- Up $40,607 +6%
- $724,952$765,559 since Sep 2025
- 5 years
- Up $223,290 +41%
- $542,268$765,559 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Middletown$4,018
- Rhode Island$2,669
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Middletown, RI rose 5.6% over the past year — faster than the nation's +1.2%.
Asking rents in Middletown, RI rose 11.5% over the past year — faster than the nation's +2.7%.
Owning the typical home in Middletown runs $2,078/mo more than renting one. The gap peaked at $2,236 in Jan 2025.
That is $5,404 a month against $3,327 rent: a $4,018 mortgage payment, plus $566 property tax and $820 insurance & upkeep.
Owning vs renting — Middletown
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$5,404
- Renting$3,327
- Mortgage only$4,018
Property tax · $566/mo 0.89% of value a year — the ACS 2020-2024 median bill over the median home value for Newport County, RI
Insurance & upkeep · $820/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Middletown, Newport County, Rhode Island
Middletown is a town of 17,075 people in Newport County. Half its households earn more than $101,948 a year and half less, against $103,514 across Newport County; 8% of its people live below the poverty line. 58% of its homes are lived in by their owners and 42% are rented. Unemployment in Newport County was 2.9% in August 2026, and the county had 0.9% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Middletown is a town in Newport County, Rhode Island, where residents tend to be somewhat older than in many American communities. Incomes are close to the county's but a little below it, and more households own their homes than rent, though renting is far from rare. Homes are costly and rents are high, and a large share of adults hold a four-year degree. Winters are cold, with January the coldest month, and summers are warm without being hot, with July the warmest. Rain and melted snow add up to a fair amount over the year.
Work. Many residents work in schools, hospitals and social care, followed by professional and business services, restaurants and hotels, and the building trades. Among the largest workplaces in town are Seacorp, which makes aeronautical systems and instruments, Middletown Schools, and Visiting Nurse Home and Hospice. Most people have a short commute, and a small number work from home. Unemployment across Newport County has eased over the past year, and the number of jobs there has grown a little.
Things to do. A short drive away, The Breakers is a museum of the kind that draws visitors to Newport, and Marble House sits close by as another. Closer to home, the Norman Bird Sanctuary is a protected area in or beside town, good for a walk among open land and wildlife. Fort Adams, also a short drive away, is a fort with long views over the water.
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- 7,226households
- 47%of adults have a degree
- 8%below the poverty line
- 20 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Newport County had 42,997 jobs in 2025, 0.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 24°; warmest in July, with highs near 80° and lows near 64°. About 42 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Newport State Airport weather station, under a mile away (NOAA).
Largest workplaces in Middletown
- SeacorpAeronautical systems and instruments manufacturing658
- Middletown SchoolsSchool district311FTE
- Visiting Nurse Home and HospiceHome health care agencies170
- Shaws SupermarketsSupermarkets and other grocery stores128
- Stop & ShopGrocery stores93
- newport restaurant groupRestaurants, full service90
- BJ's Wholesale Club, Inc.Warehouse club and supercenters85
- Genesis HealthcareHomes for the elderly with nursing care80
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 23 workplaces with 20 or more staff, 2,014 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Coastal floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Newport County, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Newport County and the Providence-Warwick, RI-MA metro.
Middletown home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Middletown$765,559
- Rhode Island$508,507
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Middletown listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Middletown27.46%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Middletown39
New listings per month
Sellers arriving at the market.
- Middletown10
Zip codes with a Middletown address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Middletown — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.