Rhode Island
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Top Ten Highest Appreciating RI Cities Since 2000




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 Q2 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

Average Home Values

Median Home Value:
$264,352

Number Of Homes And Apartments:
410,602

Rhode Island Home Prices

Value Range
> $1,158,000 1.6
$868,001 - $1,158,000 1.6
$579,001 - $868,000 5.0
$463,001 - $579,000 5.8
$347,001 - $463,000 14.1
$232,001 - $347,000 29.4
$116,001 - $232,000 34.7
$58,001 - $116,000 4.8
$0 - $58,000 3.0

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q1 - 2017 Q2
1.95% 8.05% 4
Last 12 Months:
2016 Q2 - 2017 Q2
6.55% 6.55% 7
Last 2 Years:
2015 Q2 - 2017 Q2
10.86% 5.29% 6
Last 5 Years:
2012 Q2 - 2017 Q2
19.73% 3.67% 6
Last 10 Years:
2007 Q2 - 2017 Q2
-11.17% -1.18% 2
Since 2000:
2000 Q1 - 2017 Q2
87.56% 3.71% 8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,265 / per month

Homeownership Rate

Homeownership
Owners 57.76
Renters 42.24
Vacant 11.30

Housing Details

Age of Homes

AGE OF Rhode Island HOMES
2000 or Newer 7.1
1970 - 1999 30.3
1940 - 1969 30.9
1939 or Older 31.8

Types of Homes

TYPE OF Rhode Island HOMES
Single-Family 55.0
Townhomes 3.4
Small Apt. Buildings 23.9
Apt. Complexes 16.6
Mobile Homes 1.0
Other 0.1

Home Size

SIZE OF Rhode Island HOMES
No Bedroom 2.37
1 Bedroom 14.04
2 Bedrooms 29.78
3 Bedrooms 38.61
4 Bedrooms 12.01
5 or more bedrooms 3.19