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Newport East CDP, RI

ZIP 02842 — 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 02842

Median Home Value
$536,600
Median Rent
$1,770
Affordability Snapshot
$148,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,447/mo PITI).

22%
Rent-to-Income Ratio

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

5.5x
Home Price-to-Income Ratio

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

25.3 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 02842 in Newport East CDP, RI, a household would need roughly $148,000 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 $3,447. That is about 52% above the local median household income ($97,650), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
58.7%-10% vs US avg
x
Vacancy Rate
12.3%+20% vs US avg
x
Broadband Access
92.5%+6% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
8.1%-37% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
24.5%-51% vs US avg
x
Mortgage-Free
34.1%-11% vs US avg
x
$536,600
Home Value
$1,770
Rent
1968
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached57.6%
  • 1-unit attached8.2%
  • 2-9 units19.0%
  • 10+ units11.7%
  • Mobile home & other3.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$536,600
Median rent$1,770
Owner-occupied58.7%
Vacant12.3%
Price-to-income5.5x
Est. income to buy$148,000