Charlestown, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Charlestown Neighborhoods Since 2000




Charlestown, 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

Charlestown Housing Market Information

With 7,773 people, 3,048 houses or apartments, and a median cost of homes of $388,100, real estate costs in Charlestown 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 Charlestown, accounting for 88.18% of the town's housing units. Other types of housing that are prevalent in Charlestown include duplexes, homes converted to apartments or other small apartment buildings ( 5.99%), mobile homes or trailers ( 3.60%), and a few row houses and other attached homes ( 1.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Charlestown. Owner-occupied housing accounts for 86.21% of Charlestown's homes, and 60.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Charlestown 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 Charlestown built between 1940-1969 ( 26.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.62%). There's also some housing in Charlestown built before 1939 ( 7.57%).

A decent proportion of the Charlestown housing stock is seasonally occupied. That is, homes and condos in Charlestown are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Charlestown housing market speaks to its popularity as a vacation location of choice.

Charlestown Home Appreciation Rates

Charlestown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Charlestown during the period has been just -1.12%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Charlestown's appreciation rate, at 5.54%, has been at or slightly above the national average. In the latest quarter, Charlestown's appreciation rate has been 0.64%, which annualizes to a rate of 2.59%.

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

Average Home Values

 

Median Home Value:
$388,100

Charlestown, RI HOME PRICES

Value Range
> $1,101,000 3.3
$826,001 - $1,101,000 3.6
$550,001 - $826,000 7.2
$440,001 - $550,000 9.6
$330,001 - $440,000 25.2
$220,001 - $330,000 35.1
$110,001 - $220,000 10.0
$55,001 - $110,000 1.7
$0 - $55,000 4.4

High for RI
Very High for Nation

Value Relative to Nation Value Relative to State
9.98476502988398 25.6410256410256

Number Of Homes And Apartments:
3,048

Charlestown 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
74.03% 3.26% 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,827 / per month

Homeownership Rate

Homeownership
Owners 86.21
Renters 13.79
Vacant 38.30

Housing Market Details

 

Age of Homes

AGE OF Charlestown HOMES
2000 or Newer 9.6
1970 - 1999 56.5
1940 - 1969 26.3
1939 or Older 7.6

Types of Homes

TYPE OF Charlestown HOMES
Single-Family 88.2
Townhomes 1.4
Small Apt. Buildings 6.0
Apt. Complexes 0.9
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Charlestown HOMES
No Bedroom 0.40
1 Bedroom 6.72
2 Bedrooms 30.61
3 Bedrooms 50.77
4 Bedrooms 9.70
5 or more bedrooms 1.80

Popular Neighborhoods in Charlestown

Zip Codes in Charlestown, RI