Rhode Island
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






Rhode Island Real Estate Values & Housing Market 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$294,912

Number Of Homes And Apartments:
411,680

Rhode Island Home Prices

> $1,243,578
1.7%
1.7%
$932,754 - $1,243,578
2.0%
2.0%
$622,015 - $932,753
5.7%
5.7%
$497,313 - $622,014
6.8%
6.8%
$373,209 - $497,312
15.7%
15.7%
$248,659 - $373,208
30.3%
30.3%
$124,407 - $248,658
31.6%
31.6%
$62,290 - $124,406
3.5%
3.5%
$0 - $62,289
2.7%
2.7%
0.0% 100.0%
% OF HOMES

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
2.38% 9.86%
10
Last 12 Months:
2019 Q3 - 2020 Q3
5.55% 5.55%
8
Last 2 Years:
2018 Q3 - 2020 Q3
10.26% 5.00%
7
Last 5 Years:
2015 Q3 - 2020 Q3
30.90% 5.53%
8
Last 10 Years:
2010 Q3 - 2020 Q3
30.25% 2.68%
5
Since 2000:
2000 Q1 - 2020 Q3
122.22% 3.97%
8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,465 / per month

Homeownership Rate

Owners
57.9%
57.9%
Renters
42.1%
42.1%
Vacant
12.1%
12.1%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
7.4%
7.4%
1970 - 1999
30.8%
30.8%
1940 - 1969
30.7%
30.7%
1939 or Older
31.0%
31.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.0%
55.0%
Townhomes
3.3%
3.3%
Small Apt. Buildings
23.5%
23.5%
Apt. Complexes
17.1%
17.1%
Mobile Homes
1.0%
1.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
13.9%
13.9%
2 Bedrooms
30.2%
30.2%
3 Bedrooms
38.1%
38.1%
4 Bedrooms
12.0%
12.0%
5 or more bedrooms
3.1%
3.1%
0.0% 100.0%
% OF HOMES