Total monthly cost of ownership
Cost to Own a Home in Newport East, Rhode Island
A $479,000 home here costs
$3,860per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,463. The real number is $1,397 higher every month — 57% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Newport East against Newport County and Rhode Island
| Measure | Newport East | Newport County |
|---|---|---|
| Median home value | $479,200 | $559,700 |
| Median property tax | $5,568 | $5,345 |
| Effective tax rate | 1.162% | 0.955% |
| Median gross rent | $1,784 | $1,652 |
| Population | 11,262 | 85,095 |
The weather behind that power bill
Newport East sits in Newport County, which averages a high of 79.6°F in its hottest month and a low of 24.1°F in its coldest, with 42.18" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 574 cooling and 5,520 heating degree days, which is what sets the $265 electricity line above.
See the full climate breakdown for Newport County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Newport County
Full Newport County cost breakdown · Every county in Rhode Island
Common questions
How much does it cost to own a home in Newport East?
A $479,000 home in Newport East, Rhode Island costs approximately $3,860 per month with 20% down at 6.66%. That is $2,463 principal and interest, $464 property tax, $201 homeowners insurance, $333 utilities and $399 set aside for maintenance.
What is the property tax rate in Newport East?
Newport East has an effective property tax rate of 1.162%, based on a median home value of $479,200 and median real estate taxes of $5,568. That is higher than the Newport County average of 0.955%.
What is the average home price in Newport East?
The median owner-occupied home value in Newport East, Rhode Island is $479,200, against $559,700 across Newport County.
Is it cheaper to rent or buy in Newport East?
Median gross rent in Newport East is $1,784 a month, against $3,860 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Newport East — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Rhode Island.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.