Is Newport, RI a good place to invest in rental property?

Newport, RI has a median modeled monthly cash flow of $-3,820 and a median cap rate of 1.8%, on a median sold price of $1,050,000. Prices changed -7.1% year over year.

What is the average cap rate in Newport, RI?

The median cap rate across recently sold homes in Newport, RI is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Newport, RI?

The median sold price in Newport, RI is $1,050,000 (about $644 per square foot).

Investing in Newport, RI Real Estate

A data-driven snapshot of the Newport, RI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,050,000Median sold price

$644Median $/sqft

1.8%Median cap rate

$-3,820Modeled cash flow / mo

-7.1%Appreciation YoY

11.0Months of supply

243Active listings

266Sold (last 12 mo)

What the Newport numbers say

In Newport, RI, the median home sold for $1,050,000 (about $644 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-3,820 of monthly cash flow. Sold prices moved -7.1% over the past year. Inventory sits at about 11.0 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Rhode Island markets to compare

See Newport cash-flowing listings

CashFlowRE ranks every for-sale home in Newport, RI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Newport deals, or browse the national market data.