Barrington, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Barrington Neighborhoods Since 2000




Barrington, RI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Barrington Housing Market Information

With 16,240 people, 6,235 houses or apartments, and a median cost of homes of $427,847, Barrington house prices are not only among the most expensive in Rhode Island, Barrington real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Barrington, accounting for 93.20% of the town's housing units. Other types of housing that are prevalent in Barrington include duplexes, homes converted to apartments or other small apartment buildings ( 3.45%), large apartment complexes or high rise apartments ( 2.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Barrington. Owner-occupied housing accounts for 88.02% of Barrington's homes, and 73.56% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Barrington's housing was primarily built during this period, from the '40s through the '60s. A full 49.70% of the town's housing hails from this era. Other housing ages represented in Barrington include homes built before 1939 ( 25.96%) and housing constructed between 1970-1999 ( 20.00%). There's also some housing in Barrington built between 2000 and later ( 4.34%).

Barrington Home Appreciation Rates

Real estate appreciation rates in Barrington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.67% during the period.

NeighborhoodScout's data show that during the latest twelve months, Barrington's appreciation rate, at 4.48%, has been at or slightly above the national average. In the latest quarter, Barrington's appreciation rate has been 0.64%, which annualizes to a rate of 2.59%.

Relative to Rhode Island, our data show that Barrington's latest annual appreciation rate is lower than 60% of the other cities and towns in Rhode Island.

Average Home Values

 

Median Home Value:
$427,847

Barrington, RI HOME PRICES

Value Range
> $1,118,000 6.5
$838,001 - $1,118,000 4.9
$559,001 - $838,000 18.8
$447,001 - $559,000 18.2
$335,001 - $447,000 25.1
$224,001 - $335,000 21.5
$112,001 - $224,000 2.8
$56,001 - $112,000 0.6
$0 - $56,000 1.7

Very High for RI
Very High for Nation

Value Relative to Nation Value Relative to State
8.22688386265088 17.9487179487179

Number Of Homes And Apartments:
6,235

Barrington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
69.13% 3.09% 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,550 / per month

Homeownership Rate

Homeownership
Owners 88.02
Renters 11.98
Vacant 6.01

Housing Market Details

 

Age of Homes

AGE OF Barrington HOMES
2000 or Newer 4.3
1970 - 1999 20.0
1940 - 1969 49.7
1939 or Older 26.0

Types of Homes

TYPE OF Barrington HOMES
Single-Family 93.2
Townhomes 0.4
Small Apt. Buildings 3.5
Apt. Complexes 2.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Barrington HOMES
No Bedroom 0.86
1 Bedroom 4.31
2 Bedrooms 14.58
3 Bedrooms 42.60
4 Bedrooms 30.96
5 or more bedrooms 6.69