How many renters live in Newport County, Rhode Island?
The County of Newport County has people living in households.
There are renters living in renter households in this County. Renters make up 27.27 percent of the population living in Newport County.
What is the rental market like in Newport County, Rhode Island?
There are an estimated housing units in the Newport County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Newport County, Rhode Island, there are 1.12 rental units.
What is the vacancy rate for rentals in Newport County?
The rental vacancy rate in Newport County is 10 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Newport County for each bedroom size?
Occupied Rental Units by Size in Newport County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 854 | 2,970 | 4,621 | 1,686 | 1,415 |
Occupied Rental Units by Size in Newport County
A large number of apartments in Newport County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Newport County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 0 | 100 percent |
| One BR | 0 | 100 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Newport County, Rhode Island
How many affordable rental units are in Newport County?
There are a variety of federal affordable housing programs serving households in Newport County, Rhode Island including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| Section 811 Supportive Housing for Persons with Disabilities | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Newport County, Rhode Island
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Newport County, Rhode Island
Newport County features 1,374 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Newport County, Rhode Island
There are 647 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newport County.
Housing Choice Vouchers in Newport County, Rhode Island
On average, Section 8 Housing Choice vouchers pay Newport County landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Newport County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Newport County, Rhode Island for a two-bedroom apartment is between $0 and $0.
Sourced from federal housing data and AffordableHousingOnline.com research.
