Scituate, RI Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Scituate, RI Housing Market Trends

With a population of 10,730, 4,009 total housing units (homes and apartments), and a median house value of $380,697, real estate costs in Scituate are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Rhode Island communities.

Single-family detached homes are the single most common housing type in Scituate, accounting for 86.77% of the town's housing units. Other types of housing that are prevalent in Scituate include duplexes, homes converted to apartments or other small apartment buildings ( 7.36%), row houses and other attached homes ( 3.00%), and a few large apartment complexes or high rise apartments ( 2.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Scituate. Owner-occupied housing accounts for 87.02% of Scituate's homes, and 71.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Scituate built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Scituate built between 1940-1969 ( 34.97%). A lesser amount of the housing stock also hails from before 1939 ( 18.06%). There's also some housing in Scituate built between 2000 and later ( 8.53%).

Scituate Home Appreciation Rates

Real estate appreciation rates in Scituate's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.32% during the period.

Appreciation rates are so strong in Scituate that despite a nationwide downturn in the housing market, Scituate real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Scituate appreciation rates continue to be some of the highest in America, at 6.42%, which is higher than appreciation rates in 72.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Scituate. Scituate appreciation rates in the latest quarter were at 2.58%, which equates to an annual appreciation rate of 10.72%.

Relative to Rhode Island, our data show that Scituate's latest annual appreciation rate is higher than 70% of the other cities and towns in Rhode Island.

Average Home Values

 
info

Median Home Value:
$380,697

Scituate, RI HOME PRICES

> $1,175,000
0.0%
0.0%
$881,001 - $1,175,000
1.3%
1.3%
$587,001 - $881,000
12.0%
12.0%
$470,001 - $587,000
18.1%
18.1%
$352,001 - $470,000
23.7%
23.7%
$235,001 - $352,000
34.7%
34.7%
$118,001 - $235,000
9.1%
9.1%
$59,001 - $118,000
0.0%
0.0%
$0 - $59,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for RI

Value Relative To Nation

Number Of Homes And Apartments:
4,009

Scituate Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
74.46% 2.69%
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,803 / per month

Homeownership Rate

Owners
87.0%
87.0%
Renters
13.0%
13.0%
Vacant
9.5%
9.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
8.5%
8.5%
1970 - 1999
38.4%
38.4%
1940 - 1969
35.0%
35.0%
1939 or Older
18.1%
18.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
86.8%
86.8%
Townhomes
3.0%
3.0%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
2.2%
2.2%
Mobile Homes
0.3%
0.3%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
6.5%
6.5%
2 Bedrooms
16.5%
16.5%
3 Bedrooms
50.3%
50.3%
4 Bedrooms
21.0%
21.0%
5 or more bedrooms
4.8%
4.8%
0.0% 100.0%
% OF HOMES