Housing and Housing Statistics in Newport, RI
Housing is often the largest expense we face each month. The average monthly home ownership costs for owners with a mortgage in Newport is $2,128, which is higher than the nation as a whole. The average monthly rent in Newport is $1,093, which is higher than the U.S. Approximately 4,528 housing units are owner-occupied. About 62.2% of owners and 57.3% of renters pay less than 30% of their income toward housing expenses, a measure of affordability. Owners make up 34.4% of housing units. 46.3% of the housing units are occupied by renters. 84.5% of homes in Newport were built after 1990. 46.1% of all housing units in Newport have three bedrooms or more.
Own their own homes4,528
Median home price$383,200
Median monthly mortgage$2,128