Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Newport East

Learn about the people, housing, costs and businesses in Newport East, Rhode Island

Median Home$528,587
Median Rent$1,959/month
Population12,097
Leading IndustriesHealthcare · Manufacturing · Wholesale Trade13% healthcare
Home Value Growth⬆⬆⬆+27.7% over 2 years
Young Adults29% of residentsslightly above average
Homeowners59% of occupied units
NotableAmenity Score82/100 · highly walkable area
NotableTransit80/100 · excellent transit access
Newport East
RI

Frequently Asked Questions

What are today's mortgage rates in Newport East?

As of today, the 30-year fixed mortgage rate for Newport East is approximately 6.861% (6.896% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Newport East
What is the median home price in Newport East?

The median home value in Newport East is $529k. The median monthly rent is $1,959. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newport East?

Home values in Newport East have increased 27.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Newport East?

Based on a typical all-in ownership cost of $1,978/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $85k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newport East is $93k/year.

Calculate your buying power
What industries drive the economy in Newport East?

The largest employment sectors in Newport East are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.