Newport County, Rhode Island Housing Market Prices
Newport County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 27% above the Rhode Island median$456,969
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Median rent 28% above the Rhode Island median Most expensive county in Rhode Island$1,713
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Newport County | Rhode Island Avg | US Average |
|---|---|---|---|
| Median Home Price | $456,969 | $360,248 | $248,835 |
| Price Trend (Annual %) | 2.4% | 7.4% | 7.5% |
| Median Gross Rent | $1,713 | $1,341 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newport County is about 27% higher than in Rhode Island. Rent is about 28% higher than the Rhode Island average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Newport County, up about 2.4% and 5.3% a year respectively. Rent is changing faster.
Median rent in Newport County rose about 54.2% between 2015 and 2024, from $1,111 to $1,713. Over the same span, rent in Rhode Island rose about 45.0%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Newport County.
Buying the median-priced home in Newport County costs roughly 22.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Newport County. The price-to-rent ratio in Rhode Island is about 22.4.
| Metric | Newport County | Rhode Island Avg | US Average |
|---|---|---|---|
| Median Home Price | $456,969 | $360,248 | $248,835 |
| Median Household Income | $103,981 | $88,093 | $80,455 |
| Price-to-Income Ratio | 4.4 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newport County rose about 44.6%, while median household income rose about 52.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Newport County | Rhode Island Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.3% | 57.8% | 58.5% |
| Rental Rate | 27.1% | 33.0% | 31.2% |
| Vacancy Rate | 15.6% | 9.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Newport County has a homeownership rate of 57.3%, lower than the Rhode Island average of 57.8%. Its housing vacancy rate is 15.6%, compared with 9.1% in Rhode Island.
Housing Stock
| Metric | Newport County | Rhode Island Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.11 people | 2.38 people | 2.53 people |
| Median Structure Built Year | 1960 | 1962 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Newport County was built around 1960. On average, 2.1 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Newport County, RI Housing Compared With Nearby Counties
Newport County, RI is the smallest of the 5 counties compared here, 84,657 residents against a local median of 376,583. Where Newport County, RI breaks from the counties next to it is median home price, sitting 32% above the local median of $347,053 at $456,969.
Median rent tells the same story from another angle: $1,713 against a local median of $1,319, 30% above it. The counties themselves spread $179,487 on median home price, so Newport County, RI sits at one end of an already wide local range rather than apart from it. Newport County, RI has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Newport County, RI | 84,657 | $456,969 #2/5 | $1,713 #1/5 | 67.9% #3/5 |
| Bristol County, MA | 582,104 | $367,046 | $1,244 | 62.3% |
| Kent County, RI | 171,061 | $327,059 | $1,326 | 73.1% |
| Washington County, RI | 130,338 | $480,679 | $1,327 | 77.5% |
| Providence County, RI | 663,899 | $301,192 | $1,311 | 57.0% |
Frequently Asked Questions
Common questions about the housing market in Newport County, Rhode Island.
What is the median home price in Newport County, Rhode Island?
The median home price in Newport County, Rhode Island is $456,969, higher than the Rhode Island average of $360,248.
What is the average home price in Newport County, Rhode Island?
The typical home price in Newport County, Rhode Island, reported as the median sale price, is $456,969. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Newport County, Rhode Island?
The median gross rent in Newport County, Rhode Island is $1,713 per month, higher than the Rhode Island average of $1,341.
What was the median gross rent in Newport County in 2020?
In 2020, the median gross rent in Newport County, Rhode Island was $1,347 per month.
What is the price-to-rent ratio in Newport County, Rhode Island?
The price-to-rent ratio in Newport County, Rhode Island is about 22.2, meaning it would take roughly 22.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Newport County.
Are home prices or rent rising faster in Newport County, Rhode Island?
Both home prices and rent are rising in Newport County, up about 2.4% and 5.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Newport County, Rhode Island?
57.3% of households in Newport County, Rhode Island own their home, lower than the Rhode Island average of 57.8%.
What is the vacancy rate in Newport County, Rhode Island?
The housing vacancy rate in Newport County, Rhode Island is 15.6%, higher than the Rhode Island average of 9.1%.
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