Newport, RI · standard
ZIP Code 02840
Newport County, Rhode Island - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 23,335
- 1,248/sq mi High-density area
- $86,250
- Median income Above-median income area
- $746,900
- Median home value Above-median home value
- 57.2%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Newport pairs an above-median household income with top-decile home values, in a low-density, mixed-tenure area.
- Top 31%
- household income, US ZIPs
- Top 5%
- home value, US ZIPs
- 1,248
- people per sq mi
- 50%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 02840 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 02840 (Newport, RI) rose +15.9% from 2023 to 2024. The all-transactions index moved from 390.5 in 2023 to 452.8 in 2024 (2000 = 100).
ZIP code 02840 is a densely settled ZIP (a standard USPS delivery area) in Newport, Newport County, Rhode Island, with 23,335 residents across 18.7 square miles, a density of 1,248 people per square mile, in the New York time zone.
ZIP 02840 lands in the middle-income range, with a median household income of $86,250 (16% below the average Rhode Island ZIP), while per-capita income is $58,362. The poverty rate is 16.5%, with unemployment at 8.8%; those measures add context to the income figure. Housing costs run above the statewide ZIP benchmark while renting is common: median home value is $746,900 (63% above the average Rhode Island ZIP), with only 49.8% owner-occupied homes and median rent of $1,695.
This is a highly-educated ZIP: 57.2% of adults hold a bachelor's degree or higher, the median age is 40.3, and the average commute is 20 minutes. The page also surfaces 9 ZIP codes within roughly 10 miles and 6 more in Newport County, so 02840 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 02840
Top 5 sectors by establishment count in Newport, RI
Which industries have the most business establishments in ZIP 02840.
- Retail trade
Retail trade
191 establishments
- Accommodation and food services
Accommodation and food services
187 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
123 establishments
- Other services (except public administration)
Other services (except public administration)
95 establishments
- Construction 58
Construction
58 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 02840, Newport, RI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
23,335
Population
18.7
Area (sq mi)
1,248
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 02840?
40.3
Median Age
45.4%
Male
54.6%
Female
7.0%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$86,250
Median Household Income
-16% vs state ZIP avg
$58,362
Per Capita Income
16.5%
Poverty Rate
8.8%
Unemployment Rate
19.6 min
Mean Commute Time
How ZIP 02840 ranks among Rhode Island ZIPs
Newport, RI household income vs. every Rhode Island ZIP code
Median household income among 71 reporting Rhode Island ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$86,250 27th percentile higher than 27% of 71 Rhode Island ZIPs
Each bar is a $20K-wide band; taller bars hold more Rhode Island ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
13,537housing units
13,537
Total Housing Units
11,034
Occupied Units
2,503
Vacant Units
1.97
Avg Household Size
Occupancy Type
$746,900
Median Home Value
+63% vs state ZIP avg
$1,695
Median Rent
1938
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+15.9%
YoY Change (2024)
453
HPI Index (2000 = 100)
+353%
Total Change Since 2000
Home values in ZIP 02840 have increased 15.9% over the past year (2024). Since 2000, this ZIP has seen +353% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.8% | 262 |
| 2021 | +12.9% | 296 |
| 2022 | +23.2% | 365 |
| 2023 | +7.0% | 390 |
| 2024 | +15.9% | 453 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 1,024 business establishments in ZIP 02840, employing approximately 12,140 people with a combined annual payroll of $697,539,000.
1,024
Businesses
12,140
Employees
$697.5M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 191 | 18.6% |
| Accommodation and food services | 187 | 18.3% |
| Professional, scientific, and technical services | 123 | 12.0% |
| Other services (except public administration) | 95 | 9.3% |
| Construction | 58 | 5.7% |
| Health care and social assistance | 57 | 5.6% |
| Administrative and support and waste management and remediation services | 56 | 5.5% |
| Real estate and rental and leasing | 53 | 5.2% |
| Finance and insurance | 47 | 4.6% |
| Arts, entertainment, and recreation | 45 | 4.4% |
| Transportation and warehousing | 32 | 3.1% |
| Wholesale trade | 29 | 2.8% |
| Information | 17 | 1.7% |
| Manufacturing | 15 | 1.5% |
| Educational services | 13 | 1.3% |
| Management of companies and enterprises | 3 | 0.3% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 02840 vs 02841 →
ZIP 02840 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 02840
Newport (02840)
23,335 residents
- 02852
North Kingstown (02852)
22,551 residents
- 02871
Portsmouth (02871)
17,171 residents
- 02842
Middletown (02842)
16,095 residents
- 02878
Tiverton (02878)
15,780 residents
- 02882
Narragansett (02882)
14,184 residents
- 02874 5,860
Saunderstown (02874)
5,860 residents
- 02835 5,405
Jamestown (02835)
5,405 residents
- 02841 1,392
Newport (02841)
1,392 residents
What this shows Among its immediate neighbors, ZIP 02840 ranks the most populous - useful context the national average alone can't give.
ZIP 02840 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 02841
Newport (02841)
$181,458 median income
- 02874
Saunderstown (02874)
$159,861 median income
- 02835
Jamestown (02835)
$140,625 median income
- 02872
Prudence Island (02872)
$131,875 median income
- 02852
North Kingstown (02852)
$118,643 median income
- 02871
Portsmouth (02871)
$116,831 median income
- 02878
Tiverton (02878)
$106,036 median income
- 02842
Middletown (02842)
$101,948 median income
- 02882
Narragansett (02882)
$95,721 median income
What this shows By household income, ZIP 02840 ranks #null of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 02841 | Newport, RI | 1,392 | 2.5 mi |
| 02842 | Middletown, RI | 16,095 | 3.5 mi |
| 02835 | Jamestown, RI | 5,405 | 3.9 mi |
| 02872 | Prudence Island, RI | 218 | 9.6 mi |
| 02871 | Portsmouth, RI | 17,171 | 8.1 mi |
| 02874 | Saunderstown, RI | 5,860 | 8.1 mi |
| 02882 | Narragansett, RI | 14,184 | 8.5 mi |
| 02852 | North Kingstown, RI | 22,551 | 10.5 mi |
| 02878 | Tiverton, RI | 15,780 | 11.8 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 02840, both outside RI so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (23,335 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Newport County
Related Areas
Frequently Asked Questions
What county is ZIP code 02840 in?
ZIP code 02840 (Newport) is located in Newport County, Rhode Island. Newport County contains multiple ZIP codes, see the full list at /counties/newport-ri.
What is the population of ZIP code 02840?
ZIP code 02840 in Newport, RI has a population of 23,335 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 02840?
The median household income in ZIP 02840 is $86,250, which is 13% above the national average of $76,288.
What is the average home value in ZIP 02840?
The median home value in ZIP 02840 is $746,900, which is 169% above the national average of $278,155.
What is the demographic makeup of ZIP 02840?
The largest racial group in ZIP 02840 is White at 76.0%. Hispanic or Latino residents make up 10.5% of the population.
How many businesses are in ZIP code 02840?
ZIP code 02840 has 1,024 business establishments employing approximately 12,140 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 02840?
The top industries by establishment count in ZIP 02840 are: Retail trade (191), Accommodation and food services (187), Professional, scientific, and technical services (123). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 02840?
According to the FHFA House Price Index, home values in ZIP 02840 increased by 15.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 353%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 02840?
In ZIP code 02840, 75.3% of residents aged 25+ have a high school diploma or higher, and 57.2% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 02840?
The mean commute time for workers in ZIP code 02840 is 19.6 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 02840?
In ZIP code 02840, approximately 49.8% of occupied housing units are owner-occupied and 50.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 02840?
The poverty rate in ZIP code 02840 is 16.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 02840's numbers, next.
- See how ZIP 02840 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Newport, RI ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.