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 Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$275,222

Number Of Homes And Apartments:
410,240

Rhode Island Home Prices

Value Range
> $1,199,400 1.5
$899,801 - $1,199,400 1.7
$599,501 - $899,800 5.0
$479,901 - $599,500 5.9
$359,754 - $479,900 14.3
$239,601 - $359,753 28.1
$119,873 - $239,600 35.5
$60,001 - $119,872 4.8
$0 - $60,000 3.2

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q4 - 2018 Q1
2.16% 8.94%
9
Last 12 Months:
2017 Q1 - 2018 Q1
8.30% 8.30%
9
Last 2 Years:
2016 Q1 - 2018 Q1
15.93% 7.67%
8
Last 5 Years:
2013 Q1 - 2018 Q1
26.44% 4.80%
7
Last 10 Years:
2008 Q1 - 2018 Q1
-2.50% -0.25%
2
Since 2000:
2000 Q1 - 2018 Q1
98.90% 3.89%
8
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,352 / per month

Homeownership Rate

Homeownership
Owners 57.28
Renters 42.72
Vacant 11.33

Housing Details

Age of Homes

AGE OF Rhode Island HOMES
2000 or Newer 7.2
1970 - 1999 30.8
1940 - 1969 30.9
1939 or Older 31.1

Types of Homes

TYPE OF Rhode Island HOMES
Single-Family 54.9
Townhomes 3.4
Small Apt. Buildings 23.8
Apt. Complexes 16.9
Mobile Homes 1.0
Other 0.1

Home Size

SIZE OF Rhode Island HOMES
No Bedroom 2.50
1 Bedroom 14.05
2 Bedrooms 30.14
3 Bedrooms 38.11
4 Bedrooms 11.94
5 or more bedrooms 3.26