02840, Newport, RI Housing Market

ZIP code 02840's median home value is $950K, up 12.3% over the past year. Homes here sell in a median 41 days. Its PropertyIQ Score of 72 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.

02840, Newport, RI is one of nearly 20,000 U.S. ZIP codes that PropertyIQ analyzes with AI-powered demand signal scoring. ZIP-level analysis provides the most hyperlocal view of housing market dynamics available, measuring how demand within 02840 compares to the RI state average and identifying outperformance potential before it appears in price data.

ZIP-level analysis in New England uncovers hyperlocal affordability pockets that county and metro averages obscure. PropertyIQ scores each ZIP code to reveal where demand signals within individual neighborhoods suggest outperformance relative to the state benchmark, giving investors granularity that broader geographic analyses miss. Within the New England, ZIP code 02840's PropertyIQ Score of 72 ranks among the New England's stronger demand signals.

PropertyIQ distills four housing signals into a single 1 to 99 score for 02840, Newport, RI at the most granular geography available: Zillow twelve-month and three-month home-value momentum, Realtor.com median days on market, and the Realtor.com price-reduced share. It is not a generic market-health grade; it is a validated predictor of which ZIP codes are positioned to outperform their state. The ZIP-level view often tells a different story than the broader county or metro score.

View 02840, Newport, RI's PropertyIQ Score and compare it against other ZIP codes in the state. Generate a free AI market report for this ZIP code or explore historical trends on the interactive map to understand how this micro-market has evolved.