What is the Best Neighborhoods USA ranking for Ocean Drive?
Ocean Drive is ranked #3 of 15 eligible neighborhoods in Newport; #18 of 69 eligible neighborhoods in RI; and #5,252 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ocean Drive
Newport, RI | Newport County
Scored premium profile
Best Neighborhoods USA Index
56.4
Stability and Strength
52.1
Value Opportunity
33.6
Momentum
95.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Newport, RI |
| County | Newport County |
| National rank | #5,252 of 14,967 |
| State rank | #18 of 69 |
| City rank | #3 of 15 |
| County rank | #3 of 15 |
| National percentile | 64.9 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $4,811,138 |
| Year-over-year home value change | 14.1% |
| Month-over-month home value change | 0.52% |
| Home value to income ratio | 48.54 |
| Median household income | $99,125 |
| Bachelor's degree or higher | 65.2% |
| Civilian unemployment rate | 5.6% |
| Homeownership rate | 60.8% |
| Housing vacancy rate | 23.9% |
| Rent burden 30% or higher | 65.4% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Ocean Drive
Is Ocean Drive one of the best neighborhoods in Newport?
Ocean Drive has a Best Neighborhoods USA Index of 56.4 and a city ranking of #3 of 15 eligible neighborhoods in Newport.
How much are homes worth in Ocean Drive?
The current Zillow Home Value Index for Ocean Drive is approximately $4,811,138.
Are home values rising or falling in Ocean Drive?
Zillow neighborhood values changed 14.1% year over year and 0.52% month over month.
What is the Neighborhood Momentum Score for Ocean Drive?
Ocean Drive has a Neighborhood Momentum Score of 95.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ocean Drive?
The NDS-derived neighborhood median household income is approximately $99,125.
How affordable is Ocean Drive relative to household income?
The current Zillow home-value-to-household-income ratio is 48.54. Price-to-income affordability is a major Value Opportunity input.
Is Ocean Drive primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 60.8%.
What is the unemployment rate in Ocean Drive?
The NDS-derived civilian unemployment rate is approximately 5.6%.
How educated are residents of Ocean Drive?
Approximately 65.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ocean Drive face high rent burden?
Approximately 65.4% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Ocean Drive?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications39
Estimated originations22
Home-purchase applications15
Origination rate56.2%
Home-purchase share40.0%
Average application loan$792,524
Total application loan amount$30,649,228
National application rank#8,257 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -21.6% YoY; originations -24.4% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.