Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$787,185+6.0% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 9% have cut their price
Income needed to buy, per year$170,645About 1.7× the local median income ($97,763): hard to afford
Days on market46 daysFaster than a year ago: sellers have the edge
Next 12 months+2.6%Zillow expects prices to rise slightly
The typical home in Newport County, RI is worth $787,185, up 6.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $625,394, so the area is 25.9% overvalued. It is a balanced market, leaning toward sellers: homes take about 46 days to sell, listings are up 21% from a year ago, 9% of listings have had a price cut. Zillow expects prices to rise about 2.6% over the next year. A household needs about $170,645 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $97,763. Typical rent is $3,069 a month, or $4,311 for a house. In the latest IRS figures, 340 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$787,185
Change in 1 year
+6.0%
Overvalued %
+25.9%
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Fair home value
$625,394
Change in 5 years
+38.0%
Zillow forecast, next 12 months
+2.6%
Home value to income
8.1×
Monthly mortgage payment (20% down)
$4,266
Income needed to afford it
$170,645
Property tax rate
0.89%
Rent and investing
Typical rent
$3,069
Typical rent for houses
$4,311
Price-to-rent ratio
21.4×
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HUD Fair Market Rent, 2 bedrooms
$2,193
Gross rental yield
4.68%
Cap rate (estimate)
3.04%
Market activity
Listings vs a year ago
+21.4%
Days on market
46
Listings with a price cut
9.3%
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Homes for sale
289
Pending sales per 100 listings
41
Asking price per sq ft
$575
People and jobs
Median household income
$97,763
Population change (1 year)
−0.4%
Unemployment rate
5.8%
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Population
83,051
Income adjusted for cost of living
$96,034
Net moves in (IRS)
−340
Cost of living (US = 100)
101.8
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
36.4
Flood risk score
61.4
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Wildfire risk score
13.7
Walkability (1 to 20)
11.4
Road, rail and air noise
54 dB
Questions people ask
Is Newport County, RI overvalued?
Home prices in Newport County, RI are well above what local incomes have historically supported: fair value is about $625,394, so the area is 25.9% overvalued.
Is Newport County, RI a buyer's or seller's market?
Newport County, RI is a balanced market, leaning toward sellers: homes take about 46 days to sell, listings are up 21% from a year ago, 9% of listings have had a price cut.
Are home prices going down in Newport County, RI?
Home values in Newport County, RI are up 6.0% over the last year. Zillow's forecast for the next 12 months is +2.6%.
How much do you need to earn to buy a home in Newport County, RI?
A household needs about $170,645 a year to afford the typical home in Newport County, RI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $97,763.