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Single Family ResidenceResidential
$3,405,489$721 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 89How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026

40 SCHOOL ST

NEWPORT, RI 02840
5
Beds
4.5
Baths
4,725 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.17 ac
Lot SizeThe size of the land the home sits on, from county records.
1987
Year BuiltThe year the home was originally built, according to county records.
3
StoriesHow many floors the home has above ground.
9
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$3.4M
$3M low$3.8M high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$17,488 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$2,435,600 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$690,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$1,745,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$2,485,895

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.33
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
55
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
82
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
28
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Historical
CountyNEWPORT
Lot (acres)The size of the land the home sits on, from county records.0.17
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Wood Shingle
HeatingThe type of heating system in the home.Hot Water
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Frank E. Thompson Middle SchoolF
Middle · Grades 5–8 · 0.3 mi
H
Rogers High SchoolC+
High · Grades 9–12 · 1.4 mi
E
Claiborne Pell Elementary SchoolD
Elementary · Grades PK–4 · 1.5 mi

District: Newport School District

Neighborhood · ZIP 02840These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.126
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.99
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.51

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.82%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.31%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.23,137
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,164 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$91,578
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$120,528
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.47 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

40 School St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 96% of homes in Newport County
  • Costs more per square foot than 79% of homes in Newport County
  • Bigger than 97% of homes in Newport County
  • Has a smaller lot than 74% of homes in Newport County
  • Newer than 90% of homes in Newport 02840

What homes are worth in Newport 02840

Each bar is how many homes fall in that price range. The marker is this home.

This home
$359K$6.3M

This home is worth more than 94% of homes in Newport 02840.

How it measures up in Newport 02840

The dot is this home. The mark in the middle is the typical home in Newport 02840.

Estimated value$3,405,489
CheaperTypical $997,393Pricier

Pricier than 94% of homes nearby

Price per ft²$721
CheaperTypical $703Pricier

Pricier than 53% of homes nearby

Living area4,725 ft²
SmallerTypical 1,654 ft²Bigger

Bigger than 95% of homes nearby

Lot size0.17 ac
SmallerTypical 0.13 acBigger

Bigger than 61% of homes nearby

Year built1987
OlderTypical 1920Newer

Newer than 90% of homes nearby

How 40 School St ranks against every home in each area.
MeasureThis homeNewport 02840Newport County
Estimated valuepricier than$3,405,48994% of homes96% of homes
Price per ft²pricier than$72153% of homes79% of homes
Living areabigger than4,725 ft²95% of homes97% of homes
Lot sizebigger than0.17 ac61% of homes26% of homes
Year builtnewer than198790% of homes74% of homes

About 40 School St

How much is 40 School St, Newport, RI worth?

The TopHap Estimate for 40 School St, Newport, RI is $3,405,489 as of Oct 21, 2026. The likely range is $3,026,588 to $3,784,390. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 40 School St, Newport, RI last sell?

40 School St, Newport, RI last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 40 School St, Newport, RI?

40 School St, Newport, RI has 5 bedrooms, 4.5 bathrooms, 4,725 square feet of living space and a 0.17-acre lot.

When was 40 School St, Newport, RI built?

40 School St, Newport, RI was built in 1987, making it 39 years old. It is a historical home. The building has 3 stories.

What schools serve 40 School St, Newport, RI?

40 School St, Newport, RI is assigned to Frank E. Thompson Middle School (middle), rated F; Rogers High School (high), rated C+; Claiborne Pell Elementary School (elementary), rated D. All sit in Newport School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40 School St, Newport, RI compare to other homes in Newport 02840?

Among the 8,542 homes in Newport 02840, it is worth more than 94% of them ($3,405,489 against a typical $997,393), its price per square foot is higher than 53% of them ($721 against a typical $703), it is bigger than 95% of them (4,725 ft² against a typical 1,654 ft²), its lot is bigger than 61% of them (0.17 ac against a typical 0.13 ac) and it is newer than 90% of them (1987 against a typical 1920). Measured against all of Newport County, it is worth more than 96% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 40 School St, Newport, RI?

The 2025 property tax bill for 40 School St, Newport, RI was $17,488. The county assessed it at $2,435,600.

More homes on School St

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