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Newport

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Curious what homes are selling for in Newport? Over the past 30 days, roughly 26 homes have sold here, at a median price of $877,500 and an average of $1,225,480. That represents a decrease of $612,500 from the previous period. Newport has around 22,229 residents, with about 47% of homes owner-occupied.

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Area Highlights

A quick view of the most influential metrics in Newport.

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Living in Newport, Rhode Island

What is Newport, Rhode Island like? Newport is a historic small city at the southern tip of Aquidneck Island, one of the most famous coastal destinations in New England. Founded in 1639, it pairs one of the country's largest collections of colonial-era architecture with the Gilded Age mansions along Bellevue Avenue and the Cliff Walk, a working harbor, and a downtown of wharves, shops, and restaurants.

For buyers, Newport ranges from historic in-town colonials and condominiums to waterfront and Ocean Drive properties at the top of the market. Below is a look at the neighborhoods, how property taxes work, and where the market stands now. For current prices and days on market, see the market snapshot near the top of this page.

The Neighborhoods of Newport

Historic Hill & Downtown. The colonial core above the harbor, with 18th-century homes, Washington Square, and the wharves below.
The Point. A historic waterfront neighborhood north of downtown, known for its colonial homes and harbor views.
The Fifth Ward. An in-town residential neighborhood near the harbor and Fort Adams.
Bellevue Avenue & Kay-Catherine. The avenue of Gilded Age mansions and the historic residential streets around it.
Ocean Drive. The scenic coastal road with waterfront properties at the southern tip of the island.
Broadway & the North End. In-town neighborhoods with a mix of historic and more attainable homes.

Newport Property Taxes

Rhode Island communities set their property-tax rates every year, and the amount that applies to a given home depends on its assessed value and how the city classifies the property. Because the rate is reset annually, confirm the current Newport figure and your property's classification with the Newport Tax Assessor before relying on it.

I'm glad to walk through what the tax picture looks like for a specific address.

Newport, RI: Frequently Asked Questions

What are the neighborhoods in Newport, RI?

Newport's neighborhoods include Historic Hill and downtown, the Point, the Fifth Ward, the Bellevue Avenue and Kay-Catherine area, Ocean Drive, and Broadway and the North End.

What is Newport, RI known for?

Newport is known for its Gilded Age mansions like The Breakers and Marble House, the Cliff Walk, one of the country's largest collections of colonial architecture, Fort Adams State Park, the Newport Folk and Jazz Festivals, the International Tennis Hall of Fame, and its harbor and sailing history.

What types of homes are in Newport, RI?

Newport's homes range from historic colonial and Federal houses on Historic Hill and the Point to condominiums, in-town homes, and waterfront and Ocean Drive properties at the top of the market.

How far is Newport, RI from Providence?

Newport is roughly 35 miles southeast of Providence, generally about a 45-minute drive via Route 24 and Route 114 onto Aquidneck Island, depending on traffic.

Who is the best real estate agent in Newport, RI?

That's for you to decide, but Alexander Parmenidez works with both buyers and sellers across Rhode Island — in English and Spanish — and knows the Newport market well, from Historic Hill to Ocean Drive. Reach out anytime at 401-426-4857 or alexparmenidez.realtor.

Buying or Selling in Newport

Newport rewards local knowledge — pricing a colonial on Historic Hill is a different exercise than pricing a condominium downtown or a waterfront home on Ocean Drive. Whether you're buying a historic, in-town, or waterfront home, or selling, I can help you read it accurately. I work with buyers and sellers here in English and Spanish, with no pressure.

Alexander Parmenidez · Broker Associate, REALTOR® · Coldwell Banker Realty
401-426-4857 · alexparmenidez.realtor

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