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 Q2 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:
$281,041

Number Of Homes And Apartments:
410,240

Rhode Island Home Prices

Value Range
> $1,224,700 1.5
$918,777 - $1,224,700 1.7
$612,201 - $918,776 5.0
$489,901 - $612,200 5.9
$367,573 - $489,900 14.3
$244,839 - $367,572 28.1
$122,314 - $244,838 35.5
$61,261 - $122,313 4.8
$0 - $61,260 3.2

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
2.07% 8.55%
5
Last 12 Months:
2017 Q2 - 2018 Q2
7.87% 7.87%
8
Last 2 Years:
2016 Q2 - 2018 Q2
15.62% 7.53%
8
Last 5 Years:
2013 Q2 - 2018 Q2
28.54% 5.15%
7
Last 10 Years:
2008 Q2 - 2018 Q2
3.42% 0.34%
2
Since 2000:
2000 Q1 - 2018 Q2
102.62% 3.95%
8
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,385 / 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