02871 — Newport County, Rhode Island Market Snapshot
Housing market data for zip code 02871 in Newport County, Rhode Island. Updated monthly with median prices, days on market, and more.
Market Sales Data
13 sales in 2026 (year to date)
Median Sale Price
$700,000
Days to Sell
78
Homes Sold
13
Inventory
11
Sale-to-List
98.4%
New Listings
11
Price/SqFt
$348
Pending Sales
11
Conforming Loan Available
The median home in 02871 at $700,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
With homes sitting for 78 days on average, 02871 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 02871 (98.4% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 02871 at $700,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 02871 are set at the county level.
2026 Loan Limits — Newport County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $787,750 |
| 2 Units | $1,066,250 | $1,008,450 |
| 3 Units | $1,288,800 | $1,219,000 |
| 4 Units | $1,601,750 | $1,514,950 |
Affordability Snapshot — Zip 02871
To purchase the median home at $700,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,513.
Monthly Payment
$5,513
Income Required
$236,279
Principal & Interest
$4,313/mo
Down Payment (5%)
$35,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 02871.
Estimated Monthly Payment
$4,482
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