Why Live in Fifth Ward
The Fifth Ward in Newport, RI, is a lively neighborhood known for its bustling Thames Street, historical homes, and proximity to the harbor. Summer brings tourists enjoying ice cream from Sprinkles and shopping for souvenirs, making parking challenging, though residents have town-issued stickers. The area is rich in history, with homes from the 18th and 19th centuries, including styles like cottages, Cape Cods, Colonial Revivals, and Victorians. Many have been converted into condominiums, with single-family homes ranging from $700,000 to $2 million. The neighborhood is also home to Gilded Age mansions, now popular tourist attractions like "The Breakers."
Attractions include the Tennis Hall of Fame with historical exhibits and grass courts, and the Jane Pickens Film and Event Center. The Folk and Jazz Festivals at Fort Adams State Park are annual highlights. Dining options are abundant, with O’Brien’s pub offering a lively atmosphere and events like karaoke. For groceries, residents visit Stop & Shop and A Market.
Parks such as Morton Park and King Park offer green spaces, with King Park hosting summer concerts. The neighborhood is served by Newport Public Schools, with private options like the highly rated St. Michael’s Country Day and St. George’s. While summer is busy, the off-season is quieter with free parking. The area is safer than the national average, and transportation options include Route 138, the Pell Bridge, and RIPTA bus 60, with airports in Warwick and Boston providing flight services.
Frequently Asked Questions
Is Fifth Ward a good place to live?
Fifth Ward is a good place to live. Fifth Ward is considered fairly walkable and bikeable with minimal transit options. Fifth Ward is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Fifth Ward has 4 parks for recreational activities. It is fairly dense in population with 11.1 people per acre and a median age of 34. The average household income is $125,576 which is above the national average. College graduates make up 63.6% of residents. A majority of residents in Fifth Ward are home owners, with 49.5% of residents renting and 50.5% of residents owning their home. A
local real estate agent serving Fifth Ward can help you decide if this neighborhood is the right one for you. Learn more on our
Fifth Ward neighborhood guide.
Is Fifth Ward, RI a safe neighborhood?
Fifth Ward, RI is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Fifth Ward?
The median home price in Fifth Ward is $498,000. If you put a 20% down payment of $99,600 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,580 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $111K a year to afford the median home price in Fifth Ward. The average household income in Fifth Ward is $126K.
What are the best public schools in Fifth Ward?
The best public schools that serve Fifth Ward are:
What are the best private schools in Fifth Ward?
The best private schools that serve Fifth Ward are:
What are the most popular zip codes in Fifth Ward, Newport, RI?
What are the most popular neighborhoods near Fifth Ward, Newport, RI?
Are home prices dropping in Fifth Ward?
Yes, home prices in Fifth Ward are down 29% in the last 12 months.
Home Trends in Fifth Ward, RI
On average, homes in Fifth Ward, Newport sell after 82 days on the market compared to the national average of 70 days. The median sale price for homes in Fifth Ward, Newport over the last 12 months is $534,000, up 34% from the median home sale price over the previous 12 months.
Median Sale Price
$534,000
Median Single Family Sale Price
$399,900
Median Townhouse Sale Price
$455,000
Median 2 Bedroom Sale Price
$498,000
Median 1 Bedroom Sale Price
$799,500
Average Price Per Sq Ft
$332
Number of Homes for Sale
6
Last 12 months Home Sales
38
Median List Price
$498,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
34%