Newport, Rhode Island, claims the title Sailing Capital of the World, partly because the first America’s Cup Race was held here in 1930. Newport is perhaps best known for its Gilded Age mansions, including Hammersmith Farm, which was known as John F. Kennedy’s summer White House, and the Vanderbilt mansion called The Breakers. Other notable buildings in Newport include the Redwood Library (built in 1747) and Fort Adams in Fort Adams State Park.
Newport’s location on Aquidneck Island in Narragansett Bay makes it one of the most picturesque cities in Rhode Island. Its 11.4 square miles are home to just under 25,000 residents, and it is about an hour by train to Providence or 45 minutes by car. To get to Boston, it’s about an hour and a half drive.
Buying a Home in Newport
Newport’s median home listing price is $460,600, which is $296 per square foot. It’s a military town with tons of history, including historic architecture: nearly 55 percent of the homes in Newport was built before 1940 (nationally, the figure is just under 13 percent). There’s typically a good mix of houses and condos on the market at any given time, many with beautiful views. If you’re looking for a multi-unit building, you’ll be happy to know that Newport also has a few large homes that have been converted into multi-family residences.
Living in Newport
Because of the town’s rich history, beautiful location and coveted properties, the cost of living in Newport are somewhat higher than the U.S. average. On the other hand, violent crime in Newport is three percent lower than the U.S. average, and more than 50 percent of the population has at least a four-year degree, which is three percent higher than the national average. Overall, it’s a wonderful place to live.
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