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 Q1 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:
$257,852

Number Of Homes And Apartments:
410,602

Rhode Island Home Prices

Value Range
> $1,129,000 1.6
$847,001 - $1,129,000 1.6
$565,001 - $847,000 5.0
$452,001 - $565,000 5.8
$339,001 - $452,000 14.1
$226,001 - $339,000 29.4
$113,001 - $226,000 34.7
$56,001 - $113,000 4.8
$0 - $56,000 3.0

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2016 Q4 - 2017 Q1
0.52% 2.08% 5
Last 12 Months:
2016 Q1 - 2017 Q1
6.55% 6.55% 8
Last 2 Years:
2015 Q1 - 2017 Q1
10.93% 5.32% 7
Last 5 Years:
2012 Q1 - 2017 Q1
14.97% 2.83% 6
Last 10 Years:
2007 Q1 - 2017 Q1
-14.65% -1.57% 2
Since 2000:
2000 Q1 - 2017 Q1
83.60% 3.64% 7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,234 / 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