Home Values in Newport, Rhode Island — 2026 Market Report
Updated March 2026 | Balanced Market | +2.9% YoY
The median home value in Newport, Rhode Island is $585,000 as of March 2026, which is above the national median of $400,000. Home values in Newport have increased by 2.9% over the past year and 15.4% over the last five years. With a population of 25,163 and a median household income of $62,250, the price-to-income ratio stands at 9.4x, making Newport affordable for the average household.
Newport Housing Market Conditions
| Metric | Newport | National Avg |
|---|---|---|
| Median Home Value | $585,000 | $400,000 |
| YoY Appreciation | +2.9% | +3.8% |
| 5-Year Appreciation | +15.4% | +22.4% |
| Price per Sq Ft | $206 | $222 |
| Days on Market | 53 days | 45 days |
| Months of Supply | 4.4 | 3.5 |
| List-to-Sale Ratio | 96.5% | 98.5% |
| Monthly Homes Sold | 17 | — |
| Foreclosure Rate | 0.61% | 0.3% |
Home Value Trends in Newport
A homeowner who purchased at the median price of $506,932 five years ago in Newport would have gained approximately $78,068 in equity, representing a 15.4% return on investment. Over the past year alone, the typical homeowner gained $16,487 in home equity.
Affordability in Newport, RI
With a median household income of $62,250 and a median home price of $585,000, the price-to-income ratio in Newport is 9.4x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,439 compared to estimated monthly ownership costs of $3,574 gives a rent-vs-buy ratio of 1.04. In Newport, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Newport
The effective property tax rate in Rhode Island is 1.63%. On a home valued at $585,000, the estimated annual property tax bill is $9,535, or approximately $795/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Newport is 125.5 (100 = national average), indicating living costs are above the national average.
Calculate Your Mortgage Payment in Newport
Use our free calculator to estimate monthly payments for a $585,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Newport, RI?
The median home value in Newport, Rhode Island is $585,000 as of March 2026. Home values have changed +2.9% over the past year, with a 5-year appreciation of 15.4%.
Is Newport a buyer's or seller's market?
Newport is currently a balanced market with 4.4 months of housing supply. Homes spend an average of 53 days on market, and the list-to-sale price ratio is 96.5%. Supply and demand are relatively balanced.
Are home values going up in Newport?
Yes, home values in Newport have increased by 2.9% over the past year. The 5-year appreciation rate is 15.4%, meaning a home worth $506,932 five years ago is now worth $585,000.
Is it better to rent or buy in Newport?
The average monthly rent in Newport is $3,439, while estimated monthly homeownership costs are approximately $3,574. The price-to-rent ratio is 14.2. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Rhode Island Cities
Related Resources
Disclaimer: Home value data for Newport, Rhode Island is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.