Newport County, Rhode Island: What It Costs to Buy a Home
The median home in Newport County is worth $559,700, property taxes on it run about $5,345 a year (0.95%), the FHA loan limit is $787,750, and closing on it means about $4,200 in transfer tax plus $2,010 in title insurance. Each number below opens its own page with the source and a calculator.
| Median home value | $559,700 | Title insurance at this price → |
|---|---|---|
| Property taxes (median paid) | $5,345 a year, 0.95% of value | Property tax page → |
| FHA loan limit (1 unit) | $787,750 | Loan limits page → |
| Conforming loan limit (1 unit) | $832,750 | Loan limits page → |
| Transfer tax on the median home | $4,200 | Rhode Island transfer tax page → |
| Title insurance on the median home | $1,960 owner's + $50 lender's | Title insurance page → |
| Closing costs from these items | $6,210 | Closing costs page → |
| Area median income (HUD, family of 4) | $112,100; low-income limit $89,700 | Income limits page → |
Frequently asked questions
How much do homes cost in Newport County?
The median owner-occupied home in Newport County is valued at $559,700, per U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units).
How much are property taxes in Newport County?
The median Newport County homeowner pays $5,345 a year in real estate taxes, about 0.95% of the median home value ($5,472 for homes with a mortgage), per the Census Bureau's American Community Survey.
What is the FHA loan limit in Newport County?
$787,750 for a one-unit home in 2026 (a high-cost limit above the national floor), per HUD; the conforming limit for Fannie Mae and Freddie Mac loans is $832,750, per FHFA.
What does it cost to close on a home in Newport County?
On the $559,700 median home: transfer tax $4,200, title insurance $2,010 for both policies, about $6,210 for those items before lender fees, prepaid taxes and insurance.
What is the area median income in Newport County?
HUD's FY 2026 median family income for Newport County (Providence-Fall River, RI-MA HUD Metro FMR Area) is $112,100. A family of four counts as low income below $89,700 under HUD's 80% tier (adjusted for local housing costs, so it can sit above 80% of the median), which is the line many first-time buyer assistance programs use.
Nearby Rhode Island counties
- Bristol County $468,000
- Kent County $333,900
- Providence County $339,100
- Washington County $469,800
Sources
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units)
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25103 (median real estate taxes paid)
- HUD, FHA forward mortgage loan limits for calendar year 2026 (CHUMS county limits file, Mortgagee Letter 2025-23)
- FHFA, conforming loan limits for mortgages acquired in calendar year 2026, by county
Figures are computed from the documents above and rounded to the dollar. All sources.
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General information, not financial, tax or legal advice. Figures are medians and schedule computations, not quotes.
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