Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Newport area can be challenging. Home prices in Newport are now at a median cost of $519,512, higher than the Rhode Island average of $323,786.
The average cost of rent is $1,435/mo in Newport, primarily driven by the current value of real estate in the Newport area. While nearly 34.70% of residents own their homes outright in Newport, 51.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newport is $6,965 per month. Households that rent pay about 20.60% of their income on rent here. Newport's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Newport East, RI: less expensive homes
- Middletown, RI: equally priced homes
- Jamestown, RI: higher priced homes
- Prudence Park, RI: less expensive homes
- Portsmouth, RI: less expensive homes
- Saunderstown, RI: equally priced homes
- Little Compton, RI: equally priced homes
- Prudence Island, RI: less expensive homes
- Narragansett, RI: equally priced homes
- Narragansett Pier, RI: higher priced homes
Cities with Similar Populations
- Coos Bay, OR: less expensive homes
- Wilmington, MA: equally priced homes
- Defiance, OH: less expensive homes
- Dedham, MA: equally priced homes
- Dayton, TX: less expensive homes
- Darien, IL: less expensive homes
- Dahlonega, GA: less expensive homes
- Crawfordville, FL: less expensive homes
- Covington, KY: less expensive homes
- Wyandotte, MI: less expensive homes
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