North Kingstown, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating North Kingstown Neighborhoods Since 2000




North Kingstown, 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

North Kingstown Housing Market Information

With 26,197 people, 10,287 houses or apartments, and a median cost of homes of $379,118, real estate costs in North Kingstown 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 North Kingstown, accounting for 69.95% of the town's housing units. Other types of housing that are prevalent in North Kingstown include duplexes, homes converted to apartments or other small apartment buildings ( 14.62%), large apartment complexes or high rise apartments ( 7.40%), and a few row houses and other attached homes ( 5.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Kingstown. Owner-occupied housing accounts for 73.51% of North Kingstown's homes, and 63.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Kingstown 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 North Kingstown built between 1940-1969 ( 32.29%). A lesser amount of the housing stock also hails from before 1939 ( 17.89%). There's also some housing in North Kingstown built between 2000 and later ( 10.32%).

North Kingstown Home Appreciation Rates

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

NeighborhoodScout's data show that during the latest twelve months, North Kingstown's appreciation rate, at 4.40%, has been at or slightly above the national average. In the latest quarter, North Kingstown's appreciation rate has been 0.64%, which annualizes to a rate of 2.59%.

Relative to Rhode Island, our data show that North Kingstown's latest annual appreciation rate is lower than 60% 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 North Kingstown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Kingstown - 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 North Kingstown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$379,118

North Kingstown, RI HOME PRICES

Value Range
> $1,126,000 2.5
$845,001 - $1,126,000 1.9
$563,001 - $845,000 13.3
$450,001 - $563,000 11.3
$338,001 - $450,000 21.9
$225,001 - $338,000 35.2
$113,001 - $225,000 8.8
$56,001 - $113,000 0.3
$0 - $56,000 4.9

High for RI
Very High for Nation

Value Relative to Nation Value Relative to State
10.430094925583 28.2051282051282

Number Of Homes And Apartments:
10,287

North Kingstown 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
63.46% 2.89% 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,283 / per month

Homeownership Rate

Homeownership
Owners 73.51
Renters 26.49
Vacant 7.60

Housing Market Details

 

Age of Homes

AGE OF North Kingstown HOMES
2000 or Newer 10.3
1970 - 1999 39.5
1940 - 1969 32.3
1939 or Older 17.9

Types of Homes

TYPE OF North Kingstown HOMES
Single-Family 70.0
Townhomes 5.6
Small Apt. Buildings 14.6
Apt. Complexes 7.4
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF North Kingstown HOMES
No Bedroom 1.64
1 Bedroom 10.29
2 Bedrooms 21.64
3 Bedrooms 41.08
4 Bedrooms 22.79
5 or more bedrooms 2.56