Bristol, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bristol Neighborhoods Since 2000




Bristol, 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

Bristol Housing Market Information

With 22,357 people, 8,389 houses or apartments, and a median cost of homes of $352,822, real estate costs in Bristol 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 Bristol, accounting for 60.15% of the town's housing units. Other types of housing that are prevalent in Bristol include duplexes, homes converted to apartments or other small apartment buildings ( 24.22%), large apartment complexes or high rise apartments ( 11.30%), and a few row houses and other attached homes ( 4.32%).

The most prevalent building size and type in Bristol are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.80% owning and 42.20% renting.

There is a lot of housing in Bristol built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bristol built before 1939 ( 29.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.29%). There's also some housing in Bristol built between 2000 and later ( 8.11%).

Bristol Home Appreciation Rates

Bristol's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bristol during the period has been just -1.13%, which is lower than 70% of US communities.

Appreciation rates are so strong in Bristol that despite a nationwide downturn in the housing market, Bristol real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bristol appreciation rates continue to be some of the highest in America, at 5.68%, which is higher than appreciation rates in 71.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bristol. Bristol appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.59%.

Relative to Rhode Island, our data show that Bristol's latest annual appreciation rate is higher than 50% of the other cities and towns in Rhode Island.

Average Home Values

 

Median Home Value:
$352,822

Bristol, RI HOME PRICES

Value Range
> $1,114,000 3.1
$836,001 - $1,114,000 2.1
$557,001 - $836,000 7.1
$446,001 - $557,000 9.4
$334,001 - $446,000 27.8
$223,001 - $334,000 36.6
$111,001 - $223,000 11.7
$56,001 - $111,000 1.0
$0 - $56,000 1.2

High for RI
Very High for Nation

Value Relative to Nation Value Relative to State
11.9828899566389 35.8974358974359

Number Of Homes And Apartments:
8,389

Bristol 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
67.27% 3.03% 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,372 / per month

Homeownership Rate

Homeownership
Owners 57.80
Renters 42.20
Vacant 7.51

Housing Market Details

 

Age of Homes

AGE OF Bristol HOMES
2000 or Newer 8.1
1970 - 1999 33.2
1940 - 1969 29.3
1939 or Older 29.4

Types of Homes

TYPE OF Bristol HOMES
Single-Family 60.2
Townhomes 4.3
Small Apt. Buildings 24.2
Apt. Complexes 11.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bristol HOMES
No Bedroom 3.10
1 Bedroom 12.24
2 Bedrooms 27.06
3 Bedrooms 41.08
4 Bedrooms 13.61
5 or more bedrooms 2.92