US5.com
  1. Home
  2. States
  3. Rhode Island
  4. ZIP 02840
  5. Housing & Real Estate
Newport city, RI

ZIP 02840 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02840

Median Home Value
$669,500
Median Rent
$1,445
Affordability Snapshot
$184,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,301/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

38.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02840 in Newport city, 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.

Housing Tenure

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
49.6%-24% vs US avg
x
Vacancy Rate
21.1%+105% vs US avg
x
Broadband Access
90.9%+4% vs US avg
x
4+ Bedrooms
5.5%-63% vs US avg
x
Built Pre-1939
4.7%-64% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
23.0%-54% vs US avg
x
Mortgage-Free
36.7%-4% vs US avg
x
$669,500
Home Value
$1,445
Rent
1938
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached38.7%
  • 1-unit attached5.2%
  • 2-9 units43.7%
  • 10+ units12.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$669,500
Median rent$1,445
Owner-occupied49.6%
Vacant21.1%
Price-to-income8.0x
Est. income to buy$184,000