The Most Affordable Neighborhoods in Newport East, RI by Home Value

 

Newport East, RI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Newport East area can be challenging. Home prices in Newport East are now at a median cost of $410,661, higher than the Rhode Island average of $323,786.

The average cost of rent is $1,502/mo in Newport East, primarily driven by the current value of real estate in the Newport East area. While nearly 28.77% of residents own their homes outright in Newport East, 48.17% rent.

Housing affordability isn’t just about home prices, though. The average household income in Newport East is $7,042 per month. Households that rent pay about 21.33% of their income on rent here. Newport East's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.


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