Home Affordability in 02840
Newport, RI — Newport County
The median home price in ZIP code 02840 (Newport) is $625,000 with a median household income of $62,000. The price-to-income ratio is 10.1x.
Median Home Price
$625,000
Median Income
$62,000
Price-to-Income
10.1x
Est. Affordable Home
$241,000
Property Tax Rate
1.35%
Annual Property Tax
$8,438
Cost of Living
122
Metro Area
Providence MSA
Down Payment Scenarios for ZIP 02840
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $18,750 | $606,250 | Yes |
| 5% | $31,250 | $593,750 | Yes |
| 10% | $62,500 | $562,500 | Yes |
| 20% | $125,000 | $500,000 | No |
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