Coventry, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Coventry Neighborhoods Since 2000




Coventry, 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

Coventry Housing Market Information

With a population of 34,988, 13,890 total housing units (homes and apartments), and a median house value of $260,175, Coventry real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Coventry, accounting for 74.08% of the town's housing units. Other types of housing that are prevalent in Coventry include large apartment complexes or high rise apartments ( 8.59%), mobile homes or trailers ( 7.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coventry. Owner-occupied housing accounts for 78.07% of Coventry's homes, and 58.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coventry 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 Coventry built between 1940-1969 ( 35.38%). A lesser amount of the housing stock also hails from before 1939 ( 12.79%). There's also some housing in Coventry built between 2000 and later ( 8.92%).

Coventry Home Appreciation Rates

Homes have actually lost value in Coventry over the last then years, as home values have seen a decline of 19.62% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Coventry home appreciation rates at 0.64%, which equates to an annual appreciation rate of 2.59%.

Appreciation rates are so strong in Coventry that despite a nationwide downturn in the housing market, Coventry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coventry appreciation rates continue to be some of the highest in America, at 6.09%, which is higher than appreciation rates in 74.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coventry. Coventry 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 Coventry's latest annual appreciation rate is higher than 50% of the other cities and towns in Rhode Island.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Coventry differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coventry - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Coventry real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$260,175

Coventry, RI HOME PRICES

Value Range
> $1,125,000 0.6
$843,001 - $1,125,000 0.4
$562,001 - $843,000 1.9
$450,001 - $562,000 5.4
$337,001 - $450,000 14.0
$225,001 - $337,000 33.8
$112,001 - $225,000 32.4
$56,001 - $112,000 5.2
$0 - $56,000 6.2

Low for RI
High for Nation

Value Relative to Nation Value Relative to State
21.0066799484355 74.3589743589744

Number Of Homes And Apartments:
13,890

Coventry 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
50.53% 2.40% 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,199 / per month

Homeownership Rate

Homeownership
Owners 78.07
Renters 21.93
Vacant 6.46

Housing Market Details

 

Age of Homes

AGE OF Coventry HOMES
2000 or Newer 8.9
1970 - 1999 42.9
1940 - 1969 35.4
1939 or Older 12.8

Types of Homes

TYPE OF Coventry HOMES
Single-Family 74.1
Townhomes 3.2
Small Apt. Buildings 6.9
Apt. Complexes 8.6
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF Coventry HOMES
No Bedroom 1.31
1 Bedroom 9.99
2 Bedrooms 27.47
3 Bedrooms 45.10
4 Bedrooms 13.38
5 or more bedrooms 2.75