Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Newport city, Rhode Island?
City · Census ACS 5-Year estimates
The median gross rent in Newport city, Rhode Island is $1,698/month (±$92), based on Census ACS 5-Year estimates (2024). The median home value is $746,900 (±$43,754), and the median household income is $86,313/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Newport city, Rhode Island
| Metric | Value |
|---|---|
| Median Gross Rent | $1,698 |
| Median Home Value | $746,900 |
| Median Household Income | $86,313 |
| Total Housing Units | 11,049 |
| Renter-Occupied Units | 5,549 |
| Renter-Occupied Share | 50% |
| Households Paying 50%+ Income | 1,294 households |
How does Newport city, Rhode Island compare?
Median gross rent ranked against all cities in Rhode Island.
Higher rent than 92% of cities in Rhode Island · 3rd of 24
| # | City | Value |
|---|---|---|
| 1 | Melville CDP | $2,724 |
| 2 | Newport East CDP | $1,876 |
| 3 | Newport city(you are here) | $1,698 |
| … 18 more … | ||
| 22 | Harrisville CDP | $1,094 |
| 23 | Chepachet CDP | $936 |
| 24 | Hopkinton CDP | $468 |
More data for Newport city, Rhode Island
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Frequently asked questions
What is the average rent in Newport city, Rhode Island?
The median gross rent in Newport city, Rhode Island is $1,698/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Newport city, Rhode Island?
The median rent for a 2-bedroom in Newport city, Rhode Island is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Newport city, Rhode Island?
The median home value in Newport city, Rhode Island is $746,900 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Newport city are rent-burdened?
In Newport city, Rhode Island, 1,294 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Newport city, Rhode Island?
The median household income in Newport city, Rhode Island is $86,313/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,698 has a margin of error of ±$92. In very small areas, MOEs can be large relative to the estimate.
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