I’ve analyzed data from the Zillow Home Value Index to bring you insights into Rhode Island’s most prestigious neighborhoods. The numbers reveal astonishing growth patterns, with coastal properties in Newport commanding premiums that have consistently outpaced inflation for over a decade.
What stands out most dramatically is the stark valuation gap between Newport’s oceanfront communities and inland areas. While all top-tier neighborhoods have shown remarkable appreciation, waterfront properties have maintained their value-leader status despite economic fluctuations since 2010.
Perhaps most surprising is how consistently the same neighborhoods have maintained their rankings over fifteen years, suggesting these premium locations have entrenched their desirability regardless of broader market conditions. Below I’ve ranked the neighborhoods from lowest to highest current value with comprehensive growth metrics.
25. Thompson Hill
- 2025 Home Value: $573,237
- 2020 Home Value: $364,591
- 2015 Home Value: $288,126
- 2010 Home Value: $290,651
- % Change (2010–2025): 97.2%
- % Change (2015–2025): 99.0%
- % Change (2020–2025): 57.2%
Thompson Hill’s valuation nearly doubled over fifteen years, with investors seeing their property values increase by $282,586 since 2010 – representing a compound annual growth rate exceeding 4.6%. Despite a brief plateau between 2010-2015, the neighborhood has since accelerated its appreciation trajectory significantly. Situated in eastern Cumberland along the Massachusetts border, this neighborhood provides a strategic location with excellent access to both Providence and Boston metro areas.
24. Hope
- 2025 Home Value: $604,114
- 2020 Home Value: $371,193
- 2015 Home Value: $265,967
- 2010 Home Value: $254,773
- % Change (2010–2025): 137.1%
- % Change (2015–2025): 127.1%
- % Change (2020–2025): 62.7%
Hope has delivered exceptional financial performance, with property values skyrocketing 137.1% since 2010 – equating to an impressive $349,341 gain per average homeowner during this period. The neighborhood experienced its most explosive growth phase between 2020-2025 when values surged 62.7%, outperforming many higher-priced areas. Located in western Providence near the Scituate Reservoir, Hope combines historic New England charm with proximity to the capital city’s amenities.
23. Diamond Hill
- 2025 Home Value: $610,221
- 2020 Home Value: $392,840
- 2015 Home Value: $310,333
- 2010 Home Value: $318,562
- % Change (2010–2025): 91.6%
- % Change (2015–2025): 96.6%
- % Change (2020–2025): 55.3%
Diamond Hill properties broke the $600,000 threshold in 2025, having gained approximately $291,659 in market value since 2010 despite experiencing a slight dip between 2010-2015 during the housing recovery. The post-2015 resurgence has been particularly strong with 96.6% appreciation over the decade. Nestled in northeastern Cumberland along the Blackstone River Valley, Diamond Hill combines natural beauty with historical significance as part of Rhode Island’s industrial heritage corridor.
22. Arnold Mills
- 2025 Home Value: $610,967
- 2020 Home Value: $391,745
- 2015 Home Value: $311,847
- 2010 Home Value: $311,328
- % Change (2010–2025): 96.2%
- % Change (2015–2025): 95.9%
- % Change (2020–2025): 56.0%
Arnold Mills has demonstrated remarkable investment stability, gaining $299,639 in average home valuation since 2010 for a 96.2% total return. Between 2010-2015, values remained virtually unchanged, but the subsequent decade saw accelerating appreciation culminating in a robust 56% surge since 2020. Positioned in northern Cumberland adjacent to Massachusetts, this tranquil neighborhood features historic mill sites and abundant conservation land while providing easy access to Interstate 295.
21. Kingston
- 2025 Home Value: $617,361
- 2020 Home Value: $394,697
- 2015 Home Value: N/A
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): N/A
- % Change (2020–2025): 56.4%
Kingston has emerged as a financial powerhouse in recent years, with property values surging $222,664 since 2020 alone – representing a 56.4% return on investment in just five years. While historical data before 2020 is unavailable, this recent performance positions it among Rhode Island’s strongest appreciating neighborhoods. Home to the University of Rhode Island’s main campus, Kingston benefits from the educational institution’s economic impact while retaining its historic village character in Washington County.
20. Ballou District
- 2025 Home Value: $617,909
- 2020 Home Value: $390,094
- 2015 Home Value: $300,250
- 2010 Home Value: $329,113
- % Change (2010–2025): 87.7%
- % Change (2015–2025): 105.8%
- % Change (2020–2025): 58.4%
Ballou District’s financial trajectory presents an interesting case study, with values initially declining between 2010-2015 before staging a remarkable comeback with 105.8% appreciation over the next decade – representing a gain of $317,659 per typical property. The 2020-2025 period was particularly strong with a 58.4% increase that helped recover and exceed pre-recession valuations. Located in southern Cumberland near Diamond Hill Reservoir, this quiet residential enclave offers natural beauty with convenient access to Providence.
19. Kerry Hill/Van Zandt
- 2025 Home Value: $642,276
- 2020 Home Value: $386,047
- 2015 Home Value: $272,918
- 2010 Home Value: $230,428
- % Change (2010–2025): 178.7%
- % Change (2015–2025): 135.3%
- % Change (2020–2025): 66.4%
Kerry Hill/Van Zandt stands out as an exceptional investment opportunity, having delivered a staggering 178.7% appreciation over fifteen years – translating to a remarkable $411,848 increase in average property values. This neighborhood has maintained consistent growth momentum across all measured periods, with its 66.4% five-year gain ranking among Rhode Island’s best. Situated on Newport’s north end, Kerry Hill/Van Zandt offers a more affordable entry point to Newport living while still providing walkable access to the harbor and downtown amenities.
18. Broadway
- 2025 Home Value: $686,999
- 2020 Home Value: $421,569
- 2015 Home Value: $303,840
- 2010 Home Value: $272,339
- % Change (2010–2025): 152.3%
- % Change (2015–2025): 126.1%
- % Change (2020–2025): 63.0%
Broadway’s real estate has performed magnificently, with average property values climbing $414,660 since 2010 – representing a 152.3% return that significantly outpaced inflation. The neighborhood has maintained remarkably consistent growth, with the recent five-year surge of 63% showing continued momentum rather than slowdown. Running through Newport’s west side, Broadway serves as the commercial spine of local life with its vibrant mix of historic architecture, restaurants, and shops just minutes from the famed waterfront.
17. Downtown
- 2025 Home Value: $687,884
- 2020 Home Value: $500,672
- 2015 Home Value: $395,077
- 2010 Home Value: $381,106
- % Change (2010–2025): 80.5%
- % Change (2015–2025): 74.1%
- % Change (2020–2025): 37.4%
Downtown Newport properties have appreciated $306,778 since 2010, representing a solid 80.5% return despite more moderate growth compared to other premier neighborhoods. The area’s highest growth occurred between 2015-2020, with recent years showing a relative slowdown to 37.4% appreciation. Forming the commercial and tourist heart of Newport, this district encompasses the bustling Thames Street and America’s Cup Avenue corridor, offering the quintessential Newport experience with harbor access and historic colonial architecture.
16. Grants Mills
- 2025 Home Value: $704,964
- 2020 Home Value: $446,295
- 2015 Home Value: $355,107
- 2010 Home Value: $352,489
- % Change (2010–2025): 100.0%
- % Change (2015–2025): 98.5%
- % Change (2020–2025): 58.0%
Grants Mills achieved the financial milestone of precisely doubling property values over fifteen years, providing homeowners with $352,475 in appreciation since 2010. The neighborhood experienced minimal growth during 2010-2015 but has since accelerated dramatically with nearly 100% gains in the subsequent decade. Located in western Cumberland along the Abbott Run River, Grants Mills features historic mill buildings converted to residential use amid scenic woodland settings while remaining accessible to Providence via nearby highways.
15. North Cumberland
- 2025 Home Value: $770,905
- 2020 Home Value: $486,264
- 2015 Home Value: $393,548
- 2010 Home Value: $410,869
- % Change (2010–2025): 87.6%
- % Change (2015–2025): 95.9%
- % Change (2020–2025): 58.5%
North Cumberland’s property market has generated $360,036 in appreciation since 2010, overcoming an initial valuation dip to ultimately deliver 87.6% returns over fifteen years. The neighborhood’s resurgence has been particularly strong since 2015, with values nearly doubling and growth accelerating to 58.5% in the past five years alone. Situated along Rhode Island’s northern border with Massachusetts, this affluent area features spacious properties on larger lots with excellent school access while maintaining a convenient commute to Providence.
14. Wayland
- 2025 Home Value: $785,052
- 2020 Home Value: $476,534
- 2015 Home Value: $369,231
- 2010 Home Value: $334,637
- % Change (2010–2025): 134.6%
- % Change (2015–2025): 112.6%
- % Change (2020–2025): 64.7%
Wayland has rewarded property owners with exceptional financial performance, increasing in value by $450,415 since 2010 – representing 134.6% appreciation that significantly outpaced both inflation and the broader market. The neighborhood’s growth has accelerated in recent years, with the 64.7% gain since 2020 ranking among the strongest in Rhode Island’s luxury market. Located on Providence’s affluent East Side adjacent to the Brown University campus, Wayland offers tree-lined streets with distinctive historic architecture and upscale shopping along Wayland Square.
13. Fifth Ward
- 2025 Home Value: $892,324
- 2020 Home Value: $532,298
- 2015 Home Value: $377,618
- 2010 Home Value: $334,259
- % Change (2010–2025): 167.0%
- % Change (2015–2025): 136.3%
- % Change (2020–2025): 67.6%
Fifth Ward property values have soared by an incredible $558,065 since 2010, delivering a 167% return that ranks among Rhode Island’s most lucrative real estate investments. The neighborhood has maintained consistent growth momentum across all measured periods, with its 67.6% appreciation since 2020 demonstrating continued market strength. Located in the southwestern portion of Newport’s urban core, Fifth Ward evolved from working-class roots to become an increasingly prestigious residential area offering proximity to both beaches and downtown amenities.
12. Memorial Boulevard
- 2025 Home Value: $927,325
- 2020 Home Value: $588,734
- 2015 Home Value: $410,351
- 2010 Home Value: $382,435
- % Change (2010–2025): 142.5%
- % Change (2015–2025): 126.0%
- % Change (2020–2025): 57.5%
Memorial Boulevard’s property values have appreciated by $544,890 since 2010, providing homeowners with a substantial 142.5% return on investment over fifteen years. The area experienced modest growth from 2010-2015 before accelerating dramatically, with values more than doubling in the subsequent decade. This prestigious Newport corridor connects Easton’s Beach to Bellevue Avenue, featuring a mix of luxury condominiums and historic mansions with spectacular ocean views along the famed Cliff Walk.
11. Eustis/Easton’s Pond
- 2025 Home Value: $933,655
- 2020 Home Value: $553,233
- 2015 Home Value: $393,159
- 2010 Home Value: $354,742
- % Change (2010–2025): 163.2%
- % Change (2015–2025): 137.5%
- % Change (2020–2025): 68.8%
Eustis/Easton’s Pond has generated extraordinary wealth for property owners, with values increasing by $578,913 since 2010 – representing a 163.2% appreciation that ranks among Rhode Island’s top performers. The neighborhood’s growth curve has steepened over time, with the exceptional five-year gain of 68.8% indicating accelerating demand rather than cooling. Situated along Newport’s eastern shore, this area surrounds the scenic Easton’s Pond while offering convenient access to both Newport’s most popular beach and the prestigious Bellevue Avenue corridor.
10. College Hill
- 2025 Home Value: $936,579
- 2020 Home Value: $579,845
- 2015 Home Value: $452,610
- 2010 Home Value: $447,328
- % Change (2010–2025): 109.4%
- % Change (2015–2025): 106.9%
- % Change (2020–2025): 61.5%
College Hill has crossed the $900,000 threshold after generating $489,251 in appreciation since 2010 – delivering 109.4% returns despite initially slow growth between 2010-2015. The neighborhood’s market momentum has accelerated substantially in recent years, with the 61.5% appreciation since 2020 reflecting increased demand for this premier location. Overlooking downtown Providence from the east, this historic district houses both Brown University and the Rhode Island School of Design, featuring impeccably preserved colonial architecture and cobblestone streets.
9. Blackstone
- 2025 Home Value: $937,217
- 2020 Home Value: $586,371
- 2015 Home Value: $454,918
- 2010 Home Value: $442,591
- % Change (2010–2025): 111.8%
- % Change (2015–2025): 106.0%
- % Change (2020–2025): 59.8%
Blackstone’s property market has generated $494,626 in wealth for homeowners since 2010, representing a robust 111.8% return despite relatively modest growth during 2010-2015. The neighborhood’s appreciation has accelerated significantly in recent years, with nearly 60% growth in the past five years pushing average values to the brink of $1 million. Located on Providence’s affluent East Side north of College Hill, Blackstone features stately Victorian and Colonial Revival homes on tree-lined streets, offering both urban amenities and proximity to the scenic Blackstone Boulevard Park.
8. Kay/Catherine
- 2025 Home Value: $947,772
- 2020 Home Value: $577,566
- 2015 Home Value: $416,632
- 2010 Home Value: $381,343
- % Change (2010–2025): 148.5%
- % Change (2015–2025): 127.5%
- % Change (2020–2025): 64.1%
Kay/Catherine’s property values have skyrocketed by $566,429 since 2010, delivering exceptional 148.5% returns that have pushed the neighborhood to the cusp of the million-dollar threshold. Growth has been consistently strong across all measured periods, with the impressive 64.1% five-year appreciation demonstrating sustained market momentum. This charming neighborhood in central Newport features historic homes surrounding the landmark Catherine Street Church, offering an ideal balance of residential tranquility with walkable access to downtown attractions.
7. Old Beach
- 2025 Home Value: $977,728
- 2020 Home Value: $693,792
- 2015 Home Value: $533,815
- 2010 Home Value: $507,058
- % Change (2010–2025): 92.8%
- % Change (2015–2025): 83.2%
- % Change (2020–2025): 40.9%
Old Beach has generated $470,670 in appreciation since 2010, delivering solid 92.8% returns despite more moderate growth compared to some of Newport’s other premium neighborhoods. The area experienced its strongest growth between 2015-2020, with a relative slowdown to 40.9% appreciation in the most recent five-year period. Nestled between Newport’s historic downtown and Easton’s Beach, this elegant neighborhood surrounds the Newport Beach House and features a blend of historic homes and luxury condominiums with exceptional access to both harbor and oceanfront amenities.
6. Harbor/Lower Thames
- 2025 Home Value: $993,408
- 2020 Home Value: $633,867
- 2015 Home Value: $485,807
- 2010 Home Value: $431,937
- % Change (2010–2025): 130.0%
- % Change (2015–2025): 104.5%
- % Change (2020–2025): 56.7%
Harbor/Lower Thames has appreciated by $561,471 since 2010, delivering tremendous 130% returns that have pushed values to just shy of the million-dollar mark. The neighborhood has maintained consistently strong growth across all measured periods, with values more than doubling in the past decade. Comprising Newport’s iconic waterfront district along Thames Street, this area represents the heart of the city’s maritime heritage, featuring historic wharves, colonial-era buildings, and luxury condominiums with prime harbor views.
5. The Point
- 2025 Home Value: $1,061,119
- 2020 Home Value: $653,611
- 2015 Home Value: $490,931
- 2010 Home Value: $443,315
- % Change (2010–2025): 139.4%
- % Change (2015–2025): 116.1%
- % Change (2020–2025): 62.3%
The Point has crossed the million-dollar threshold after generating $617,804 in appreciation since 2010 – delivering an impressive 139.4% return on investment over fifteen years. Growth has been consistently strong across all time periods measured, with the robust 62.3% gain since 2020 indicating continued market strength. This historic waterfront neighborhood in northern Newport features one of America’s largest collections of colonial-era homes on its original street grid, offering both historic authenticity and coveted harbor access.
4. Bellevue Avenue and Estates
- 2025 Home Value: $1,144,785
- 2020 Home Value: $717,328
- 2015 Home Value: $580,275
- 2010 Home Value: $515,029
- % Change (2010–2025): 122.3%
- % Change (2015–2025): 97.3%
- % Change (2020–2025): 59.6%
Bellevue Avenue and Estates has witnessed $629,756 in appreciation since 2010, representing a 122.3% return that has firmly established its position in Rhode Island’s million-dollar property market. Growth accelerated significantly after 2015, with values nearly doubling over the past decade and continuing strong momentum with 59.6% gains since 2020. This iconic Newport neighborhood houses America’s most famous Gilded Age mansions along its eastern corridor while offering a mix of luxury residences and historic properties throughout its tree-lined streets.
3. Historic Hill
- 2025 Home Value: $1,238,634
- 2020 Home Value: $792,958
- 2015 Home Value: $584,567
- 2010 Home Value: $554,322
- % Change (2010–2025): 123.5%
- % Change (2015–2025): 111.9%
- % Change (2020–2025): 56.2%
Historic Hill has generated an impressive $684,312 in wealth for property owners since 2010, delivering 123.5% appreciation that firmly entrenches it among Rhode Island’s elite seven-figure neighborhoods. After modest growth during 2010-2015, the market accelerated dramatically with values more than doubling in the subsequent decade. Encompassing Newport’s central historic district, this architectural treasure trove features the highest concentration of colonial-era buildings in America, with many meticulously restored properties commanding premium valuations for their historical significance.
2. Lily/Almy Pond
- 2025 Home Value: $1,728,924
- 2020 Home Value: $1,098,529
- 2015 Home Value: $827,450
- 2010 Home Value: $735,228
- % Change (2010–2025): 135.2%
- % Change (2015–2025): 108.9%
- % Change (2020–2025): 57.4%
Lily/Almy Pond represents exceptional wealth creation, with property values appreciating by nearly one million dollars ($993,696) since 2010 – equating to a 135.2% return that maintains its position as Rhode Island’s second-most valuable neighborhood. The market has demonstrated remarkable consistency with robust growth across all measured periods including 57.4% appreciation since 2020. Located in Newport’s southeastern corner adjacent to Ocean Drive, this exclusive enclave surrounds two scenic coastal ponds while offering a mix of waterfront estates and luxury properties near Bailey’s Beach.
1. Ocean Drive
- 2025 Home Value: $2,447,672
- 2020 Home Value: $1,542,845
- 2015 Home Value: $1,295,843
- 2010 Home Value: $1,124,600
- % Change (2010–2025): 117.6%
- % Change (2015–2025): 88.9%
- % Change (2020–2025): 58.6%
Ocean Drive maintains its unrivaled position as Rhode Island’s most valuable neighborhood, with properties appreciating by over $1.3 million since 2010 – representing a 117.6% increase that continues to set market ceilings for the state. Values have consistently grown at impressive rates across all measured periods, with the 58.6% five-year gain demonstrating sustained demand at the market’s highest tier. This legendary coastal route along Newport’s southern shore features America’s most coveted oceanfront estates, combining historical significance with unobstructed Atlantic views and exclusive private beaches.
