Rhode Island
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$284,922

Number Of Homes And Apartments:
411,124

Rhode Island Home Prices

Value Range
> $1,242,962 1.6
$932,222 - $1,242,962 1.8
$621,482 - $932,221 5.4
$497,512 - $621,481 6.2
$372,912 - $497,511 15.1
$248,571 - $372,911 28.6
$124,084 - $248,570 33.9
$62,152 - $124,083 4.3
$0 - $62,151 3.1

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q2 - 2019 Q3
1.21% 4.92%
7
Last 12 Months:
2018 Q3 - 2019 Q3
4.36% 4.36%
4
Last 2 Years:
2017 Q3 - 2019 Q3
11.54% 5.61%
7
Last 5 Years:
2014 Q3 - 2019 Q3
30.48% 5.46%
7
Last 10 Years:
2009 Q3 - 2019 Q3
22.89% 2.08%
4
Since 2000:
2000 Q1 - 2019 Q3
112.75% 3.95%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,412 / per month

Homeownership Rate

Homeownership
Owners 57.65
Renters 42.35
Vacant 11.71

Housing Details

Age of Homes

AGE OF Rhode Island HOMES
2000 or Newer 7.4
1970 - 1999 30.8
1940 - 1969 31.0
1939 or Older 30.8

Types of Homes

TYPE OF Rhode Island HOMES
Single-Family 55.0
Townhomes 3.3
Small Apt. Buildings 23.7
Apt. Complexes 16.9
Mobile Homes 1.0
Other 0.1

Home Size

SIZE OF Rhode Island HOMES
No Bedroom 2.50
1 Bedroom 14.00
2 Bedrooms 30.05
3 Bedrooms 38.09
4 Bedrooms 12.08
5 or more bedrooms 3.27