Median Home Price
$746,144.08
Median Rent
$2,796.83/mo
Price-to-Rent Ratio
22.2
Property Tax RateTIE
1.63%
Price Change (1Y)BETTER
+4.0%
Price Change (5Y)BETTER
+20.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$426,457
Median Home PriceBETTER
$418,071.8
Median RentBETTER
$2,180.57/mo
Price-to-Rent RatioBETTER
16.0
Property Tax RateTIE
1.63%
Price Change (1Y)
+2.5%
Price Change (5Y)
+12.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$196,227
Key Differences
Home Prices
Newport's median home price of $746,144.08 is higher than Warwick's $418,071.8 by 78%.
Monthly Rent
Renting in Newport costs $2,796.83/mo compared to $2,180.57/mo in Warwick—a difference of $616.26/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.