Income needed to buy a home
Newport County, RI
$265,174
a year in household income to buy the typical Newport County home with 10% down.
The monthly math
Typical home value$790,998
Down payment (10%)$79,100
Loan$711,898
Principal and interest (7.40%)$4,929/mo
Property tax (0.86% a year)$566/mo
Homeowners insurance (estimate)$395/mo
Mortgage insurance$297/mo
Total monthly cost$6,187/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Out of reach
The typical household here earns $103,514 a year, 39% of what it takes.
In Rhode Island
Newport County ranks #5 of 5 for the income a home takes, from least to most.
Easiest to afford in Rhode Island
| County | Typical home | Income needed |
|---|---|---|
| Kent County | $442,953 | $156,548 |
| Providence County | $455,095 | $157,946 |
| Bristol County | $657,795 | $227,003 |
| Washington County | $689,899 | $232,587 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.