What are the most expensive neighborhoods in Newport, RI?

The neighborhoods with the highest median home values in Newport, RI include: Ocean Drive ($2,645,060), Lily/Almy Pond ($1,977,703), Historic Hill ($1,310,613), Old Beach ($1,176,999), Harbor/Lower Thames ($1,167,937).

What are the most affordable neighborhoods in Newport, RI?

The neighborhoods with the lowest median home values in Newport, RI include: North End ($591,628), Kerry Hill/Van Zandt ($695,888), Broadway ($759,419), Downtown ($761,665), Eustis/Easton's Pond ($994,009).

Which Newport, RI neighborhoods have the fastest growing home values?

Neighborhoods with the highest year-over-year value growth in Newport, RI include: Ocean Drive (14.6%), Kay/Catherine (11.7%), Fifth Ward (9.3%), Memorial Boulevard (8.5%), Harbor/Lower Thames (7.1%).

Ocean Drive, RI Housing Market

$2,538,172

13.7% 1-yr

The average Ocean Drive, RI home value is $2,538,172, up 13.7% over the past year. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Ocean Drive Key Takeaways

Typical Home Values: $2,538,172

1-Year Value Change: +13.7%

(Data through August 31, 2026)

Ocean Drive Housing Market Overview

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New Listings: --

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(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Lily/Almy Pond$1,935,736
Fifth Ward$988,812
Goat Island--
Harbor/Lower Thames$1,183,280
Bellevue Avenue and Estates$1,111,230
Long Wharf--
Historic Hill$1,306,003
Downtown$767,865
Rose Island--

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Ocean Drive Rental Market Trends

Average Rent: --

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: --

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How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.