U.S. ZIP Code · RI02840
Newport County · Providence-Warwick, RI-MA
Appreciation
- 1-year
- +8.9%
- 5-year / yr
- +8.3%
- 10-year / yr
- +8.3%
Relative price
- vs U.S.
- +233.9%
- vs metro
- +82.6%
- vs state
- +85.1%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 02840 is worth $948,386 — 82.6% above the Providence-Warwick, RI-MA median. Over the past year, values have risen 8.9%. Homes here rent for a typical $3,304 a month — a 4.2% gross rental yield. The effective property tax rate is 0.7%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Newport County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Very Low[4]
- Riverine flood
- Relatively Low
- Coastal flood
- Relatively Moderate
- Wildfire
- Very Low
- Drought
- Relatively Low
- Heat wave
- Very Low
- Hurricane
- Relatively Low
- Tornado
- Very Low
- Earthquake
- Very Low
- Winter weather
- Relatively Low
#Who lives here
#Migration
Household moves in and out of Newport County over a year, from IRS tax-return data.
- Net migration
- -227[5]
- Moved in
- 2,803
- Moved out
- 3,030
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 4
- Elementary
- 1
- Middle
- 1
- High
- 2
Claiborne Pell Elementary
Elementary · Grades PK–4 · Newport
716 students
Rogers High School
High · Grades 9–12 · Newport
605 students
Frank E. Thompson Middle
Middle · Grades 5–8 · Newport
500 students
Newport Area Career Tech Ctr
High · Grades 9–12 · Newport
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Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
Renting is meaningfully cheaper month-to-month.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Rankings
Top-10 lists this ZIP code appears on.
Frequently asked
- How much is a home worth in ZIP code 02840?
- The typical home in 02840 is worth $948,386, based on the Zillow Home Value Index.
- Are home values rising in 02840?
- Home values in 02840 are up 8.9% over the past year, and up 8.3% a year over five years.
- What is the typical rent in 02840?
- A typical home in 02840 rents for about $3,304 a month, a gross rental yield of 4.2%.
- What is the property tax rate in 02840?
- The effective property tax rate in 02840 is 0.7% — roughly $6,979 a year on a typical home.
- Who lives in 02840?
- ZIP code 02840 has a population of 23,448 and a median household income of $86,250.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
RI
- Typical home
- $948,327
- Gross yield
- —
RI
- Typical home
- $885,190
- Gross yield
- —
Narragansett Pier CDP, RI
- Typical home
- $862,785
- Gross yield
- —
Providence, RI
- Typical home
- $805,025
- Gross yield
- 3.5%
RI
- Typical home
- $796,518
- Gross yield
- —
MA
- Typical home
- $760,460
- Gross yield
- —
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Pit ZIP 02840 against any other ZIP — full side-by-side table.
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