Barrington, RI Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Barrington, RI Housing Market Trends

With 16,053 people, 6,029 houses or apartments, and a median cost of homes of $499,766, real estate costs in Barrington are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Rhode Island communities.

Single-family detached homes are the single most common housing type in Barrington, accounting for 91.63% 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 ( 4.58%), large apartment complexes or high rise apartments ( 2.80%).

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 88.68% of Barrington's homes, and 74.05% 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 49.64% of the town's housing hails from this era. Other housing ages represented in Barrington include homes built before 1939 ( 23.44%) and housing constructed between 1970-1999 ( 21.11%). There's also some housing in Barrington built between 2000 and later ( 5.82%).

Barrington Home Appreciation Rates

Appreciation rates for homes in Barrington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 43.83%, which ranks in the top 50% nationwide. This equates to an annual average Barrington house appreciation rate of 3.70%.

NeighborhoodScout's data show that during the latest twelve months, Barrington's appreciation rate, at 9.93%, has been at or slightly above the national average. In the latest quarter, Barrington's appreciation rate has been 4.02%, which annualizes to a rate of 17.10%.

Importantly, this makes Barrington one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Rhode Island, our data show that Barrington's latest annual appreciation rate is lower than 90% of the other cities and towns in Rhode Island.

Average Home Values

 

Median Home Value:
$499,766

Barrington, RI HOME PRICES

> $1,211,000
7.7%
7.7%
$908,001 - $1,211,000
6.8%
6.8%
$605,001 - $908,000
22.8%
22.8%
$484,001 - $605,000
18.5%
18.5%
$363,001 - $484,000
24.0%
24.0%
$242,001 - $363,000
16.8%
16.8%
$121,001 - $242,000
1.9%
1.9%
$60,001 - $121,000
0.3%
0.3%
$0 - $60,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for RI

Value Relative To Nation

Number Of Homes And Apartments:
6,029

Barrington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
113.88% 3.60%
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,502 / per month

Homeownership Rate

Owners
88.7%
88.7%
Renters
11.3%
11.3%
Vacant
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.8%
5.8%
1970 - 1999
21.1%
21.1%
1940 - 1969
49.6%
49.6%
1939 or Older
23.4%
23.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
91.6%
91.6%
Townhomes
1.0%
1.0%
Small Apt. Buildings
4.6%
4.6%
Apt. Complexes
2.8%
2.8%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
4.0%
4.0%
2 Bedrooms
14.4%
14.4%
3 Bedrooms
42.2%
42.2%
4 Bedrooms
31.8%
31.8%
5 or more bedrooms
6.6%
6.6%
0.0% 100.0%
% OF HOMES