Ocean Drive, Newport RI - Investment Data

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Newport, Rhode Island • Providence-Warwick, RI-MA Metro • 2 ZIPs

3.0/ 5

Investability

Neighborhood average

4.0/ 5

Appreciation

7.5% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability ★★★★★ 3.0/5
1-Year Change +14.4%
5-Year CAGR +10.8%
Neighborhood Value $2,426,800
Avg ZIP Home Value $483,164
Avg Monthly Rent $3,156
Avg Cap Rate 0.0%
Avg Vacancy 10.9%

📊 How Does Ocean Drive Compare?

Metric Ocean Drive Newport Rhode Island
Home Value $483,164 $483,164 $487,363
Avg Rent $3,156 $3,156 -
5-Year CAGR 10.8% 7.5% 8.8%
Cap Rate 0.0% 0.0% -
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Ocean Drive is a neighborhood in Newport, Rhode Island. This neighborhood spans 2 ZIP codes, offering investors a range of property types and price points. The current median home value in this neighborhood is $2,426,800, which has increased by 14.4% over the past year. With average rents around $3,156/month and home values averaging $483,164, investors can evaluate potential cash flow opportunities in this market.

Home Value Trends

ZIP Codes in Ocean Drive

ZIP City Home Value Rent Cap Rate Rating Vacancy Match
02840 Newport $966,328 $3,156 0.0% 3.0 ★ 21.8% City match
02841 Newport $0 — — — 0.0% City match

Other Neighborhoods in Newport

Bellevue Avenue and Estates → Broadway → Downtown → Eustis/Easton's Pond → Fifth Ward → Harbor/Lower Thames → Historic Hill → Kay/Catherine → Kerry Hill/Van Zandt → Lily/Almy Pond → Memorial Boulevard → North End →

Community Ratings

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