menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



North Kingstown, RI Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

North Kingstown, RI Housing Market Trends

With a population of 27,802, 11,169 total housing units (homes and apartments), and a median house value of $665,602, 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 73.13% of the town's housing units. Other types of housing that are prevalent in North Kingstown include large apartment complexes or high rise apartments ( 10.68%), duplexes, homes converted to apartments or other small apartment buildings ( 9.53%), and a few row houses and other attached homes ( 3.78%).

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 78.43% of North Kingstown's homes, and 61.37% 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 ( 31.50%). A lesser amount of the housing stock also hails from before 1939 ( 17.12%). There's also some housing in North Kingstown built between 2000 and later ( 12.27%).

North Kingstown Home Appreciation Rates

Appreciation rates for homes in North Kingstown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.47%, which ranks in the top 40% nationwide. This equates to an annual average North Kingstown house appreciation rate of 6.77%.

Appreciation rates are so strong in North Kingstown that despite a nationwide downturn in the housing market, North Kingstown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Kingstown appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 76.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Kingstown. North Kingstown appreciation rates in the latest quarter were at 3.88%, which equates to an annual appreciation rate of 16.44%.

Relative to Rhode Island, our data show that North Kingstown's latest annual appreciation rate is higher than 80% 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

$665,602

North Kingstown, RI Home Prices
> $1,466,000
$1,100,001 - $1,466,000
$733,001 - $1,100,000
$586,001 - $733,000
$440,001 - $586,000
$293,001 - $440,000
$147,001 - $293,000
$73,001 - $147,000
$0 - $73,000
2.3%
2.3%
4.3%
4.3%
24.6%
24.6%
15.4%
15.4%
24.3%
24.3%
21.6%
21.6%
2.4%
2.4%
1.2%
1.2%
3.8%
3.8%
0% 100.0%
% of Homes
High

for Rhode island

Very High

for nation

Number of Homes And Apartments:

11,169

North Kingstown Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,482 / per month

Homeownership Rate

Owners
Renters
Vacant
78.4%
78.4%
21.6%
21.6%
8.7%
8.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.3%
12.3%
39.1%
39.1%
31.5%
31.5%
17.1%
17.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.1%
73.1%
3.8%
3.8%
9.5%
9.5%
10.7%
10.7%
2.8%
2.8%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.2%
0.2%
10.2%
10.2%
24.6%
24.6%
39.2%
39.2%
22.2%
22.2%
3.5%
3.5%
0% 100.0%
% of Homes