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Rhode Island
Real Estate Appreciation & Housing Market Trends






Rhode Island Real Estate Market & Appreciation

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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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

$397,126

Number Of Homes And Apartments:

426,769

Rhode Island Home Prices

> $1,404,194
$1,053,301 - $1,404,194
$702,132 - $1,053,300
$561,456 - $702,131
$421,383 - $561,455
$280,698 - $421,382
$140,546 - $280,697
$70,198 - $140,545
$0 - $70,197
2.3%
2.3%
2.5%
2.5%
8.6%
8.6%
9.5%
9.5%
20.6%
20.6%
34.2%
34.2%
18.3%
18.3%
1.8%
1.8%
2.2%
2.2%
0% 100.0%
% of Homes

Rhode Island Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,380 / per month

Homeownership Rate

Owners
Renters
Vacant
59.9%
59.9%
40.1%
40.1%
11.3%
11.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.3%
8.3%
30.8%
30.8%
29.8%
29.8%
31.0%
31.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.2%
55.2%
3.5%
3.5%
23.5%
23.5%
16.8%
16.8%
0.9%
0.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
13.7%
13.7%
30.1%
30.1%
38.2%
38.2%
12.4%
12.4%
3.1%
3.1%
0% 100.0%
% of Homes