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 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:
$277,535

Number Of Homes And Apartments:
412,028

Rhode Island Home Prices

Value Range
> $1,210,792 1.6
$908,052 - $1,210,792 1.8
$605,482 - $908,051 5.4
$484,341 - $605,481 6.2
$363,322 - $484,340 15.1
$242,001 - $363,321 28.6
$121,001 - $242,000 33.9
$60,431 - $121,000 4.3
$0 - $60,430 3.1

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q4 - 2019 Q1
1.75% 7.17%
10
Last 12 Months:
2018 Q1 - 2019 Q1
5.14% 5.14%
6
Last 2 Years:
2017 Q1 - 2019 Q1
13.76% 6.66%
7
Last 5 Years:
2014 Q1 - 2019 Q1
31.90% 5.69%
7
Last 10 Years:
2009 Q1 - 2019 Q1
11.87% 1.13%
3
Since 2000:
2000 Q1 - 2019 Q1
108.12% 3.93%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,374 / 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