East Greenwich, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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East Greenwich, 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

East Greenwich Housing Market Information

With 13,128 people, 5,081 houses or apartments, and a median cost of homes of $452,243, East Greenwich house prices are not only among the most expensive in Rhode Island, East Greenwich 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 East Greenwich, accounting for 70.63% of the town's housing units. Other types of housing that are prevalent in East Greenwich include duplexes, homes converted to apartments or other small apartment buildings ( 13.54%), large apartment complexes or high rise apartments ( 11.40%), and a few row houses and other attached homes ( 3.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Greenwich. Owner-occupied housing accounts for 75.59% of East Greenwich's homes, and 60.95% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in East Greenwich 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 East Greenwich built between 1940-1969 ( 28.07%). A lesser amount of the housing stock also hails from before 1939 ( 22.06%). There's also some housing in East Greenwich built between 2000 and later ( 11.19%).

East Greenwich Home Appreciation Rates

East Greenwich's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East Greenwich during the period has been just -1.36%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, East Greenwich's appreciation rate, at 4.13%, has been at or slightly above the national average. In the latest quarter, East Greenwich's appreciation rate has been 0.64%, which annualizes to a rate of 2.59%.

Relative to Rhode Island, our data show that East Greenwich's latest annual appreciation rate is lower than 80% of the other cities and towns in Rhode Island.

Average Home Values

 

Median Home Value:
$452,243

East Greenwich, RI HOME PRICES

Value Range
> $1,095,000 2.0
$821,001 - $1,095,000 5.1
$547,001 - $821,000 23.0
$438,001 - $547,000 20.5
$328,001 - $438,000 23.1
$219,001 - $328,000 18.5
$110,001 - $219,000 3.9
$55,001 - $110,000 0.9
$0 - $55,000 2.9

Very High for RI
Very High for Nation

Value Relative to Nation Value Relative to State
7.31864525958045 15.3846153846154

Number Of Homes And Apartments:
5,081

East Greenwich 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
49.09% 2.34% 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,065 / per month

Homeownership Rate

Homeownership
Owners 75.59
Renters 24.41
Vacant 5.24

Housing Market Details

 

Age of Homes

AGE OF East Greenwich HOMES
2000 or Newer 11.2
1970 - 1999 38.7
1940 - 1969 28.1
1939 or Older 22.1

Types of Homes

TYPE OF East Greenwich HOMES
Single-Family 70.6
Townhomes 3.4
Small Apt. Buildings 13.5
Apt. Complexes 11.4
Mobile Homes 0.9
Other 0.2

Home Size

SIZE OF East Greenwich HOMES
No Bedroom 2.63
1 Bedroom 13.65
2 Bedrooms 16.45
3 Bedrooms 27.69
4 Bedrooms 33.25
5 or more bedrooms 6.32

Popular Neighborhoods in East Greenwich

Zip Codes in East Greenwich, RI