Housing in Newport
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Newport, Rhode Island
The housing market in Newport is characterized by high property values and a lower homeownership rate compared to the national average. In 2024, the median property value in Newport was $746,900, which is more than double the national average. The homeownership rate stood at 49.8%, lower than the national average of 65.2%. Rent for a two-bedroom apartment can range significantly, with some listings in late 2023 and early 2024 showing prices from $1,645 to over $3,000 per month, depending on location and amenities. The median listing price in Greater Newport increased by 22% from December 2024 to December 2025, reaching $1.1 million.
Housing
About Newport, Rhode Island
Newport, Rhode Island, is a historic coastal city renowned for its Gilded Age mansions, vibrant maritime culture, and picturesque waterfront. Settled in 1639, it boasts a rich history as a colonial seaport and a prominent summer resort for the wealthy. Today, Newport attracts residents and visitors alike with its unique blend of historical charm, natural beauty, and a lively arts and culinary scene. People are drawn to Newport for its strong sense of community, access to sailing and other water activities, and its distinctive architectural heritage. The city offers a high quality of life with a relaxed, yet sophisticated, atmosphere.
About Rhode Island
Rhode Island, the smallest U.S. state, offers a coastal New England lifestyle with a strong sense of community. Its economy is diverse, with major industries including healthcare and social assistance, manufacturing, education, professional and technical services, finance and insurance, and tourism and hospitality. Living in Rhode Island is generally more expensive than the national average, particularly due to higher housing and utility costs, though groceries and healthcare are more in line with national averages. The state experiences a New England climate with cold, snowy winters and warm summers, and its small size means beaches and urban amenities are usually a short drive away.
