Newport, Rhode Island.
Typical home $966,419 (+9.0% in a year), asking rent $3,022 (+9.8%). Providence-Warwick, RI-MA metro.
to buy the typical home at today's mortgage rate — +$3,120 (+160%) since Jan 2020.
- 1 year
- Up $79,848 +9%
- $886,571$966,419 since Sep 2025
- 5 years
- Up $280,129 +41%
- $686,290$966,419 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.
- Newport$5,072
- 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 Newport, RI rose 9.0% over the past year — faster than the nation's +1.2%.
Asking rents in Newport, RI rose 9.8% over the past year — faster than the nation's +2.7%.
Owning the typical home in Newport runs $3,800/mo more than renting one — the widest that gap has been in this data.
That is $6,822 a month against $3,022 rent: a $5,072 mortgage payment, plus $715 property tax and $1,035 insurance & upkeep.
Owning vs renting — Newport
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$6,822
- Renting$3,022
- Mortgage only$5,072
Property tax · $715/mo 0.89% of value a year — the ACS 2020-2024 median bill over the median home value for Newport County, RI
Insurance & upkeep · $1,035/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 Newport, Newport County, Rhode Island
Newport is a city of 25,163 people in Newport County. Half its households earn more than $86,313 a year and half less, against $103,514 across Newport County; 16% of its people live below the poverty line. 50% of its homes are lived in by their owners and 50% are rented. Unemployment in Newport was 3.0% in August 2026, and Newport County had 0.9% more jobs in 2025 than the year before. The most residents work in schools and health care, then restaurants and hotels.
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. Newport is a small coastal city where incomes run below the county's, and more people rent than across Newport County as a whole. Homes and rents here are expensive, and a large share of adults hold a four-year degree. The population is somewhat younger than in many towns, and most people have a short trip to work, with a good number working from home.
Work. Many residents work in schools, hospitals and social care, followed by restaurants, hotels and entertainment, then professional and business services and shops. Salve Regina University, Newport Hospital and Newport Schools are among the largest workplaces in town. Unemployment is a little lower than it was a year ago, and across the county there are slightly more jobs than there were the year before.
Things to do. The Breakers is one of the best known of the historic mansion museums in or beside town, and Marble House is another. Fort Adams is a fort in or beside town, and Brenton Point State Park is a protected shoreline area that is also close by. Winters are cold with a fair amount of snow, and summers are warm.
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- 11,049households
- 58%of adults have a degree
- 16%below the poverty line
- 19 mintypical commute
- 18%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 39° and lows near 24°; warmest in August, with highs near 78° and lows near 64°. About 26 inches of snow and 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Newport Rose weather station, 2 miles away (NOAA).
Largest workplaces in Newport
- Salve Regina UniversityUniversity or college617
- Newport HospitalGeneral hospital597FTE
- Newport SchoolsSchool district416FTE
- The Preservation Society of Newport CountyHistorical museums232
- Newport Restaurant GroupResort hotels without casinos230
- Newport Marriott Hotel & SpaHotels192
- Davidson Hotel CompanyHotel management services185
- WalmartDiscount department stores158
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 22 workplaces with 20 or more staff, 3,178 people in all. Colleges come from IPEDS (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and school districts 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
- Strong windRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Newport’s census tracts, 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.
Newport home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Newport$966,419
- 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 Newport 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.
- Newport26.01%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Newport82
New listings per month
Sellers arriving at the market.
- Newport24
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Zip codes with a Newport address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Newport — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.