Newport, RI Real Estate
According to census data in the year 2000 there were 13,226 housing units in Newport.
This represents a 1% growth from 13,094 in 1990.
Of those housing units, 12,967 were located in either urbanized areas or urban clusters, and 259 were located in what is classified as a rural area.
Homeownership rate in Newport is about 41.9%.
Newport's vacancy rate, including seasonal lodging, is about 12.6%.
Average household size is 2.11 people.
The majority of houses, apartments or condos in Newport were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 20.60% |
| Two Bedrooms | 32.20% |
| Three Bedrooms | 27.40% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 6.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $161,700 |
| Median Price asked for vacant units | $253,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1944 |
| Median Monthly Rent asked for vacant units | $627 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 7% |
| Home Equity Loan | 10.90% |
| Simple Mortgage | 50.80% |
| Debt Free | 30.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
