ZIP Code 02842

Households in ZIP code 02842, centered on Newport, earn a median of $101,948, with per-capita income at $59,109. That income pairs with a median home value of $563,300, and the county-level effective property tax rate of 0.89% works out to roughly $5,000 a year on such a home. Add the 7.00% combined sales tax on purchases, and housing plus consumption taxes claim a meaningful share of earnings, though the income level leaves room to absorb them. Buyers weighing Newport should factor the property tax bill into monthly costs alongside the mortgage.