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Newport County, RI

RANK #362 / 996 NAT  ·  POP 85,442

1YR FORECAST: +4.1%

5YR OUTLOOK: +27%

Newport County's housing market is projected to grow +4.1% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    US Navy (Naval Station Newport) Military
    5,000+
  2. 2
    Salve Regina University Education
    1,000+
  3. 3
    Newport Restaurant Group Hospitality
    500+
  4. 4
    East Bay Community Action Program Healthcare
  5. 5
    City of Newport Government
  6. 6
    Pangaea Logistics Solutions Logistics
    100+
  7. 7
    Newport Shipyard Other
  8. 8
    St. Clare-Newport Healthcare
  9. 9
    McLaughlin Research Corporation Technology
  10. 10
    Heatherwood Rehabilitation & Health Care Center Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
52.1%
of residents (national avg: 33%)

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] Crime & Safety

A
SAFETY
GRADE
Firearm Fatalities
3.6
per 100K · nat avg 14.8
Injury Deaths
71.8
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 63/100, Newport County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.6%, and median household income stands at $96,319 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in RI.

Is Newport County affordable?

Newport County leans toward the expensive side. A median home value of $503,700 against an income-to-home-value ratio of 0.19 means housing eats a bigger share of local earnings than the national norm. Renters face $1,544/month on average.

Is Newport County growing or shrinking?

Employers in Newport County are hiring — job growth of +1.6% — but the population is close to flat (-0.1% YoY). Home values moved +4.7% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are many people relocating to Newport County?

Not particularly — 1.9% of Newport County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[09] Similar Counties by Size & Score

Washington County, RI 62 Kent County, RI 49 Providence County, RI 39 Bristol County, RI 19 Northumberland County, PA 63 Gregg County, TX 63 Angelina County, TX 64 Fairbanks North Star Borough, AK 64