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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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$361,070

Number Of Homes And Apartments:
414,730

Rhode Island Home Prices

> $1,347,851
$1,011,004 - $1,347,851
$673,918 - $1,011,003
$539,137 - $673,917
$404,343 - $539,136
$269,538 - $404,342
$134,610 - $269,537
$67,358 - $134,609
$0 - $67,357
1.9%
1.9%
2.2%
2.2%
7.2%
7.2%
8.3%
8.3%
18.8%
18.8%
34.0%
34.0%
23.1%
23.1%
2.1%
2.1%
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q4 - 2022 Q1
2.48% 10.29%
2
Last 12 Months:
2021 Q1 - 2022 Q1
19.02% 19.02%
7
Last 2 Years:
2020 Q1 - 2022 Q1
30.03% 14.03%
7
Last 5 Years:
2017 Q1 - 2022 Q1
52.41% 8.79%
7
Last 10 Years:
2012 Q1 - 2022 Q1
73.89% 5.69%
6
Since 2000:
2000 Q1 - 2022 Q1
177.29% 4.74%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,855 / per month

Homeownership Rate

Owners
Renters
Vacant
59.2%
59.2%
40.8%
40.8%
11.6%
11.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.9%
7.9%
31.3%
31.3%
30.5%
30.5%
30.3%
30.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.3%
55.3%
3.6%
3.6%
23.3%
23.3%
16.9%
16.9%
0.9%
0.9%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.6%
2.6%
13.5%
13.5%
30.2%
30.2%
38.4%
38.4%
12.3%
12.3%
3.0%
3.0%
0.0% 100.0%
% OF HOMES