BMIE Market 02841

Newport County, Rhode Island · ZCTA boundaries as of 2020

Profile

Population (current estimate)	1,426 2020–2024 ACS 5-year estimate ±35 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B01003_001E · on 2020 boundaries · retrieved 2026-09-05
Households	15 2020–2024 ACS 5-year estimate ±11 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B11001_001E · on 2020 boundaries · retrieved 2026-09-05
Population, 2010 Census count	1,392 2010 Census count · Decennial Census · Census Gazetteer ZCTA 2010 · POP10 · on 2010 boundaries · retrieved 2026-09-04
Housing units	4 2010 Census count · Decennial Census · Census Gazetteer ZCTA 2010 · HU10 · on 2010 boundaries · retrieved 2026-09-04
Median household income	$181,458 2020–2024 ACS 5-year estimate ±78,425 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B19013_001E · on 2020 boundaries · retrieved 2026-09-05
Median age	25.8 2020–2024 ACS 5-year estimate ±2 · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B01002_001E · on 2020 boundaries · retrieved 2026-09-05
Median gross rent	$3,501 2020–2024 ACS 5-year estimate · American Community Survey 5-Year Estimates · ACS 5-Year 2024 (2020-2024) ZCTA · B25064_001E · on 2020 boundaries · retrieved 2026-09-05
Median home value	Data source not yet connected
Land area	0.3 sq mi Census Gazetteer 2020
Restaurants	Not published for this ZIP 2023 · U.S. Census Bureau, ZIP Code Business Patterns 2023 detail (NAICS2022) · by USPS ZIP 02841
Restaurants per 10,000 residents	Not yet derived
Restaurant growth, 5-year	-50.0% DERIVED: 2002 → 2007, ZIP Code Business Patterns restaurants
Restaurant growth, 10-year	+0.0% DERIVED: 2006 → 2016, ZIP Code Business Patterns restaurants
Restaurant growth, 20-year	+100.0% DERIVED: 1996 → 2016, ZIP Code Business Patterns restaurants
Projected restaurants, 2021	2 (range 1–3) FORECAST · linear trend v1 fitted to 1999–2016 (11 points, 0.0 per year, r² 0.25) · 80% range · confidence Low · momentum, not a guarantee
Projected population, 5 years ahead	Needs more ACS years on file
BMIE Market Score	48 / 100 MODELED · bmie_market_score v1 · confidence High · why?
Consumer Market Score	56 / 100 MODELED · consumer_market_score v1 · confidence High · why?
Restaurant Opportunity Score	54 / 100 MODELED · restaurant_opportunity_score v1 · confidence High · why?
Market Momentum Score	29 / 100 MODELED · market_momentum_score v1 · confidence High · why?

Map

Boundary: U.S. Census Bureau cartographic file, 1:500k, 2020 vintage. Basemap © OpenStreetMap contributors.

Trends

Historical lines are published counts. Dashed lines are derived: a least-squares trend through the last decade, extended as a FORECAST with its 80% range. Momentum, not a guarantee.

Restaurants by year, with trend and projection

ZIP Code Business Patterns, USPS ZIP 02841. Projection: linear trend v1, fitted 1999–2016, 0.0 restaurants per year, r² 0.25, confidence Low.

Growth index (first year on file = 100)

Each category relative to its own first published count. Full/limited split is unavailable under SIC (before 1998).

Mix of the food-service market

Share of all food-service establishments. "Other" = snack bars, caterers, contractors, mobile.

Population and restaurants per 10,000 residents

Population points: 2010 Census count and ACS 5-year estimates on file (more vintages load over time). Density uses the population point within two years of each restaurant count. Population projection appears once three or more ACS years are loaded.

Restaurant growth vs. Rhode Island and U.S. averages

Averages are the mean growth across all ZCTAs with the figure (state n = 71, U.S. n = 24,852). DERIVED from ZIP Code Business Patterns.

Why these scores?

Each score is a weighted average of national percentile ranks (0 = lowest of all ZCTAs with that figure, 100 = highest). Weights are set in the model registry, not in code, and every score carries its model version.

BMIE Market Score: 48 (High confidence)

Component	Value	Rank	Weight	Adds
Consumer Market Score	55.6	56	40%	+22.2
Restaurant Opportunity Score	53.7	54	35%	+18.8
Market Momentum Score	28.9	29	25%	+7.2

Health index, advertising, whitespace, competition and risk components join in later versions.

Consumer Market Score: 56 (High confidence)

Component	Value	Rank	Weight	Adds
Population (ACS)	1,426	39	40%	+15.4
Median household income (ACS)	181,458	98	40%	+39.3
Households (ACS)	15	4	20%	+0.9

Percentile-rank composite. No spending model yet: income and size stand in for spending capacity.

Restaurant Opportunity Score: 54 (High confidence)

Component	Value	Rank	Weight	Adds
10-year restaurant growth	0	35	35%	+12.3
Restaurants per 10,000 residents (lower = more room)	14.0	56	25%	+14.1
Population (ACS)	1,426	39	20%	+7.7
Median household income (ACS)	181,458	98	20%	+19.7

Whitespace, competition and demand signals are not yet available; this version uses growth, density, size and income only.

Market Momentum Score: 29 (High confidence)

Component	Value	Rank	Weight	Adds
5-year restaurant growth	-50	4	50%	+2.0
10-year restaurant growth	0	35	30%	+10.5
20-year restaurant growth	100	82	20%	+16.5

Restaurant-count growth only until population and income growth series exist.

A high score is a statistical position among all U.S. ZCTAs, not a prediction that a restaurant will succeed.

Restaurants on file (4)

By cuisine

American 1 · Coffee 1 · Sandwiches 1

By type

Restaurant (service type not stated) 3 · Quick service 2 · Bar 1 · Café 1 · Casual dining 1 · Coffee shop 1

Name	Type	Cuisine	Address	Status
Leisure Bay Internet Café - US Naval Base	Café · Coffee shop	Coffee	1255 Whipple St	open
Officer's Club at Newport Naval Station	Bar · Restaurant (service type not stated) · Quick service		440 Meyerkord Ave	open
Subway	Quick service · Restaurant (service type not stated)	Sandwiches	1176 Howell St, Building 990 Food Court	open
Topside Restaurant	Restaurant (service type not stated) · Casual dining	American		open

Listings: Overture Maps Places (CDLA-Permissive-2.0), matched into the BMIE restaurant master. Census establishment counts and listing counts differ by definition (Census counts employer establishments in the reference week; listings are places currently mapped).

Restaurant establishments over time

Year	All food service	Restaurants	Full-service	Limited-service	Snack & beverage	Bars	Industry codes
1994	1	1	—	—	—	—	SIC1987
1995	1	1	—	—	—	—	SIC1987
1996	1	1	—	—	—	—	SIC1987
1997	3	3	—	—	—	—	SIC1987
1998	2	2	—	2	—	—	NAICS1997
1999	2	2	—	2	—	—	NAICS1997
2000	2	2	—	2	—	—	NAICS1997
2001	2	2	—	2	—	—	NAICS1997
2002	2	2	—	1	1	—	NAICS1997
2003	3	2	—	1	1	—	NAICS2002
2004	2	2	—	1	1	—	NAICS2002
2005	2	2	—	1	1	—	NAICS2002
2006	2	2	—	1	1	—	NAICS2002
2007	1	1	—	—	1	—	NAICS2002
2015	1	1	—	1	—	—	NAICS2012
2016	2	2	—	2	—	—	NAICS2012
2021	3	—	—	—	—	—	NAICS2017
2022	3	—	—	—	—	—	NAICS2022
2023	4	—	—	—	—	—	NAICS2022

U.S. Census Bureau, ZIP Code Business Patterns, by USPS ZIP 02841. Categories are BMIE roll-ups of the published SIC/NAICS codes (full vs limited service is not split under SIC). More years load in stages.

Nearby markets (within 5 miles)

ZCTA	Distance	Restaurants	Year
02840	2.2 mi	119	2023
02835	2.5 mi	9	2023
02842	3.0 mi	63	2023

Distance is centroid to centroid (Census Gazetteer). Restaurants: latest ZBP year on file for that ZIP.