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Newport County, RI

RANK #50 / 996  ·  POP 85,442  ·  RI

PROJECTED GROWTH: +3.5%

Newport County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Newport County?

Newport County, Rhode Island, is perhaps best known for the opulent Gilded Age mansions lining Bellevue Avenue in the city of Newport, a testament to its past as a summer retreat for the wealthy. This coastal county, located on Aquidneck Island, sits roughly 30 minutes south of Providence and about 1.5 hours from Boston, offering a blend of historic charm and seaside living. The community embraces its maritime heritage, with sailing a prominent activity in Narragansett Bay. Residents and visitors enjoy outdoor recreation along the scenic Cliff Walk, a 3.5-mile path offering ocean views, and at parks like Fort Adams State Park, popular for walking, picnicking, and water sports.

Life in Newport County is characterized by its connection to the water and a strong sense of community, attracting both young professionals and retirees. While the cost of living, particularly housing, is higher than the state average, residents value the quality of life, safety, and access to outdoor activities. The economy is driven by tourism, arts, and maritime industries, with a notable presence of defense-related businesses and educational institutions like Naval Station Newport. The region has seen growth in professional, scientific, and technical services, contributing to a diverse economic landscape. Public schools in towns like Middletown and Portsmouth are highly rated, and Newport itself offers various educational programs.

[02] Market Snapshot

Housing Ratio
6.2x

Above national median (4.7x)

GDP Growth
+5.5%

Well above national median

Home Prices
+4.7%

Outpacing national median

Climate & Terrain
2.1

Moderate climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 6.2x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Newport County U.S. National

The Numbers

DEMOGRAPHICS
Population
85,442
-0.1% YoY
Median Household Income
$96,319
Median Home Value
$503,700
+4.73% 12mo
Median Rent
$1,544
Average Annual Pay
$68,656
+2.8% YoY
Employment
42,622
+1.6% YoY
Income-to-Home-Value
0.1912
Near national average
Migration Inflow
1.9%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$651,500
Days on Market
58
Moderate pace
Months of Supply
5.1
Buyer's market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
27.0%
Listings w/ Price Drops
10.0%
Building Permits (2024)
180
Single-Family Permits
126

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$452M
TOTAL
PROJECT AMOUNT STATUS
Revolution Wind Project
Undisclosed (part of RI's clean energy portfolio)
$400M Operating
ConnectRI Broadband Infrastructure
GoNetspeed and Verizon (with federal funding)
$52M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +5.5% 87 percentile
Population Growth -0.1% 25 percentile
Income Growth +6.5% 12 percentile
Vacancy Rate 2.1% 7 percentile
Home Price Change +4.7% 88 percentile
Rent Growth +7.0% 90 percentile
Price/Rent 13x 52 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Newport County, RI a good place to move to?

Newport County has a Boom Town Index score of 95/100, ranking #50 among 996 U.S. counties. With job growth at +1.6% and a median household income of $96,319, it's an above-average county on economic indicators.

Is Newport County affordable?

The median home value in Newport County is $503,700 with median rent at $1,544/month. The income-to-home-value ratio is 0.1912, which is less affordable than the national average.

Is Newport County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: +1.6%. Home values changed +4.7% in the past 12 months.

[08] Similar Metros

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