ZIP Code 02840 — Newport city, RI Demographics & Data

ZIP code 02840 covers Newport, RI in Newport County with a population of about 23,615.

At a glance, the area shows median age of 39.9 (near the U.S. median).

It sits in telephone area code 401; U.S. House district RI-1; the PROVIDENCE - NEW BEDFORD media market.

Newport, RI sits in a university / college context (near iyrs school of technology & trades (0.3 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 02840 is about $83,515 — about 11% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 15.2%; unemployment rate near 9.9%; 55.1% of adults with a bachelor’s degree or higher (about 21.4 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Food services, Education, and Healthcare; about 14.4% of workers reporting work-from-home (roughly in line with the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $669,500 — about 92% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,445 (about 24% above the U.S. median rent ($1,163)), and owner-occupancy near 49.6% (about 15.8 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 02840 in Newport, RI, a household would need roughly $184,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,301. That is about 120% above the local median household income ($83,515), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Newport city, RI as Very Low (composite score 36.4), which is relatively lower than many U.S. communities. The strongest component scores on US5 are hurricane (80.2) and flood (53.0). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Newport city, RI show little to no average snow and around 47.5 inches of annual precipitation.

IRS migration statistics show a net inflow of about 872 for ZIP 02840 (Newport city, RI) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.