$849,000
- 2 Beds
- 1.5 Baths
- 1,217 Sq Ft
8 Cottage St Unit 2, Newport, RI 02840
Teri Degnan Teri Degnan RE & Consulting
Frequently Asked Questions
Is Old Beach a good place to live?
Old Beach is a good place to live. Old Beach is considered fairly walkable and bikeable with some transit options. Old Beach is a suburban neighborhood. Old Beach has 7 parks for recreational activities. It is somewhat dense in population with 6.8 people per acre and a median age of 53. The average household income is $100,699 which is above the national average. College graduates make up 67.9% of residents. A majority of residents in Old Beach are renters, with 60.5% of residents renting and 39.5% of residents owning their home. A local real estate agent serving Old Beach can help you decide if this neighborhood is the right one for you. Learn more on our Old Beach neighborhood guide.
How much do you need to make to afford a house in Old Beach?
The median home price in Old Beach is $1,500,000. If you put a 20% down payment of $300,000 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $7,400 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $317K a year to afford the median home price in Old Beach. The average household income in Old Beach is $101K.
What are the best public schools in Old Beach?
The best public schools that serve Old Beach are:
- Rogers High School has a B Niche grade, a student teacher ratio of 10:1 and an average review score of 3.6.
- Frank E. Thompson Middle School has a C+ Niche grade, a student teacher ratio of 8:1 and an average review score of 5.0.
- Claiborne Pell Elementary School has a C+ Niche grade and a student teacher ratio of 10:1.
What are the best private schools in Old Beach?
The best private schools that serve Old Beach are:
- St George's School has an A+ Niche grade, a student teacher ratio of 6:1 and an average review score of 4.6.
- St Michael's Country Day School has an A- Niche grade, a student teacher ratio of 5:1 and an average review score of 4.1.
What are the most popular zip codes in Old Beach, Newport, RI?
What are the most popular neighborhoods near Old Beach, Newport, RI?
The most popular neighborhoods near Old Beach, Newport, RI are Kay-Catherine, Memorial Boulevard, Eustis-Easton's Pond, Historic Hill and Bellevue Avenue and Estates.
