USA.com / Rhode Island / Newport County / Newport, RI / 02840 / Housing

02840 Zip Code Housing

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As of 2010-2014, median price of a house in 02840 Zip Code is $383,200, which is higher than the state average of $241,200 and is much higher than the national average of $175,700. The 02840 Zip Code median house value has grown by 136.54% since 2000. The growth rate for the price of a house in 02840 Zip Code is much higher than the state average rate of 81.35% and is much higher than the national average rate of 46.91%. The median year that a house in 02840 Zip Code was built is 1939, which is older than the median year for a house built in the state which is 1958 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 4,528 Owner Occupied Houses in 02840 Zip Code, see rank

02840 Zip Code	383,200 USD
Rhode Island	241,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

02840 Zip Code	136.54%
Rhode Island	81.35%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	02840 Zip Code	Rhode Island	U.S.
Total Housing Units	13,206, see rank, 100%	462,930	132,741,033
Occupied Housing Units	10,662, 80.74%, see rank	88.47%	87.55%
Owner Occupied	4,528, 34.29%, see rank	53.32%	56.34%
Renter Occupied	6,134, 46.45%, see rank	35.15%	31.21%
Vacant Housing Units	2,544, 19.26%, see rank	11.53%	12.45%
For Rent	215, 1.63%, see rank	2.57%	2.34%
For Sale Only	73, 0.55%, see rank	1.04%	1.20%
Rented or Sold, Not Occupied	200, 1.51%, see rank	0.70%	0.92%
For Seasonal, Recreational, or Occasional Use	1,737, 13.15%, see rank	3.90%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	319, 2.42%, see rank	3.30%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #62

02840 Zip Code	Rhode Island	U.S.
1939	1958	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	02840 Zip Code	%	Rhode Island	U.S.
Owner-Occupied Units	4,528	100%	246,829	74,787,460
With a Mortgage	3,115	68.79%, see rank	70.79%	65.58%
Without a Mortgage	1,413	31.21%, see rank	29.21%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

02840 Zip Code	2,128 USD
Rhode Island	1,867 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	02840 Zip Code	%	Rhode Island	U.S.
$299 or Less	0	0.00%, see rank	0.18%	0.20%
$300 to $499	33	1.06%, see rank	0.71%	1.59%
$500 to $699	114	3.66%, see rank	1.55%	5.01%
$700 to $999	175	5.62%, see rank	5.49%	14.32%
$1,000 to $1,499	532	17.08%, see rank	21.15%	27.90%
$1,500 to $1,999	510	16.37%, see rank	28.37%	20.35%
$2,000 to $2,999	1,105	35.47%, see rank	31.18%	19.52%
$3,000 or More	646	20.74%, see rank	11.37%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

02840 Zip Code	24.80% of the Total Income
Rhode Island	25.80% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	02840 Zip Code	%	Rhode Island	U.S.
10% or Less	242	7.77%, see rank	4.83%	5.86%
10% to 20%	826	26.52%, see rank	26.66%	31.95%
20% to 30%	856	27.48%, see rank	29.46%	27.64%
30% to 40%	375	12.04%, see rank	15.46%	13.74%
40% or More	795	25.52%, see rank	23.26%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

02840 Zip Code	803 USD
Rhode Island	679 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	02840 Zip Code	%	Rhode Island	U.S.
$199 or Less	19	1.34%, see rank	1.30%	7.76%
$200 to $299	17	1.20%, see rank	2.55%	14.70%
$300 to $499	138	9.77%, see rank	16.45%	34.63%
$500 to $699	309	21.87%, see rank	33.33%	21.16%
$700 or More	930	65.82%, see rank	46.38%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

02840 Zip Code	13.70% of the Total Income
Rhode Island	15.60% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	02840 Zip Code	%	Rhode Island	U.S.
10% or Less	463	32.77%, see rank	27.38%	40.19%
10% to 20%	527	37.30%, see rank	34.08%	31.47%
20% to 30%	237	16.77%, see rank	15.57%	12.24%
30% to 40%	77	5.45%, see rank	7.92%	5.64%
40% or More	109	7.71%, see rank	13.73%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	02840 Zip Code	Rhode Island	U.S.
Total Housing Units	13,206, 100%	462,930	132,741,033
1-unit, Detached	5,684, 43.04%, see rank	54.96%	61.65%
1-unit, Attached	501, 3.79%, see rank	3.29%	5.82%
2 Units	1,691, 12.80%, see rank	11.46%	3.75%
3 or 4 Units	2,491, 18.86%, see rank	12.76%	4.43%
5 to 9 Units	1,245, 9.43%, see rank	5.05%	4.78%
10 or More Units	1,579, 11.96%, see rank	11.46%	13.08%
Mobile Home, Boat, RV, Van, etc.	15, 0.11%, see rank	1.03%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	02840 Zip Code	Rhode Island	U.S.
Total Housing Units	13,206, 100%	462,930	132,741,033
1 Room	295, 2.23%, see rank	2.17%	1.95%
2 Rooms	379, 2.87%, see rank	2.93%	2.48%
3 Rooms	1,900, 14.39%, see rank	9.92%	9.13%
4 Rooms	2,743, 20.77%, see rank	17.47%	16.60%
5 Rooms	2,365, 17.91%, see rank	21.11%	20.41%
6 Rooms	1,872, 14.18%, see rank	19.07%	18.06%
7 Rooms	1,329, 10.06%, see rank	11.34%	12.27%
8 Rooms	988, 7.48%, see rank	7.63%	8.48%
9 Rooms or More	1,335, 10.11%, see rank	8.35%	10.60%
Median Rooms	5.00, see rank	5.30	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	02840 Zip Code	Rhode Island	U.S.
Total Housing Units	13,206, 100%	462,930	132,741,033
No Bedroom	323, 2.45%, see rank	2.30%	2.17%
1 Bedroom	2,569, 19.45%, see rank	14.17%	11.16%
2 Bedrooms	4,239, 32.10%, see rank	29.92%	26.69%
3 Bedrooms	3,865, 29.27%, see rank	38.24%	39.70%
4 Bedrooms	1,515, 11.47%, see rank	12.04%	16.05%
5 or More Bedrooms	695, 5.26%, see rank	3.32%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	02840 Zip Code	Rhode Island	U.S.
Total Housing Units	10,662, 100%	409,569	116,211,092
Utility Gas	5,552, 52.07%, see rank	51.13%	48.85%
Bottled, Tank, or LP Gas	196, 1.84%, see rank	2.34%	4.86%
Electricity	916, 8.59%, see rank	9.15%	36.68%
Fuel Oil, Kerosene, etc.	3,919, 36.76%, see rank	34.82%	5.86%
Coal or Coke	0, 0.00%, see rank	0.11%	0.12%
Wood	37, 0.35%, see rank	1.75%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	42, 0.39%, see rank	0.42%	0.47%
No Fuel Used	0, 0.00%, see rank	0.26%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	02840 Zip Code	Rhode Island	U.S.
Occupied Units Paying Rent	5,975, 100%	157,088	39,201,928
$199 or Less	135, 2.26%, see rank	2.27%	1.50%
$200 to $299	481, 8.05%, see rank	6.81%	3.18%
$300 to $499	396, 6.63%, see rank	7.52%	7.37%
$500 to $699	345, 5.77%, see rank	10.16%	16.01%
$700 to $999	1,170, 19.58%, see rank	32.26%	29.17%
$1,000 to $1,499	2,034, 34.04%, see rank	30.46%	26.88%
$1,500 to $1,999	573, 9.59%, see rank	7.43%	9.79%
$2,000 or More	841, 14.08%, see rank	3.09%	6.10%
Median	$1,094, see rank	$923	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	02840 Zip Code	Rhode Island	U.S.
Occupied Housing Units	10,662, 100%	409,569	116,211,092
No Vehicles Available	1,555, 14.58%, see rank	9.82%	9.12%
1 Vehicles Available	4,368, 40.97%, see rank	36.78%	33.80%
2 Vehicles Available	3,502, 32.85%, see rank	36.62%	37.48%
3 or More Vehicles Available	1,237, 11.60%, see rank	16.79%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.