Tiverton, RI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tiverton Neighborhoods Since 2000




Tiverton, RI Real Estate 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Tiverton Housing Market Information

With 15,780 people, 6,670 houses or apartments, and a median cost of homes of $308,948, Tiverton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tiverton, accounting for 73.91% of the town's housing units. Other types of housing that are prevalent in Tiverton include duplexes, homes converted to apartments or other small apartment buildings ( 10.20%), large apartment complexes or high rise apartments ( 8.50%), and a few row houses and other attached homes ( 4.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tiverton. Owner-occupied housing accounts for 79.03% of Tiverton's homes, and 56.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tiverton 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 Tiverton built between 1940-1969 ( 30.07%). A lesser amount of the housing stock also hails from before 1939 ( 19.66%). There's also some housing in Tiverton built between 2000 and later ( 14.73%).

Tiverton Home Appreciation Rates

Homes have actually lost value in Tiverton over the last then years, as home values have seen a decline of 19.87% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Tiverton home appreciation rates at 0.64%, which equates to an annual appreciation rate of 2.59%.

Over the last year, Tiverton appreciation rates have trailed the rest of the nation. In the last twelve months, Tiverton's appreciation rate has been 2.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tiverton were at 0.64%, which equates to an annual appreciation rate of 2.59%.

Relative to Rhode Island, our data show that Tiverton's latest annual appreciation rate is lower than 90% of the other cities and towns in Rhode Island.

Average Home Values

 

Median Home Value:
$308,948

Tiverton, RI HOME PRICES

Value Range
> $1,098,000 2.7
$824,001 - $1,098,000 3.1
$549,001 - $824,000 6.9
$439,001 - $549,000 5.3
$329,001 - $439,000 18.1
$220,001 - $329,000 36.8
$110,001 - $220,000 20.7
$55,001 - $110,000 2.5
$0 - $55,000 3.8

Average for RI
Very High for Nation

Value Relative to Nation Value Relative to State
15.5455291222313 48.7179487179487

Number Of Homes And Apartments:
6,670

Tiverton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
55.92% 2.61% 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,266 / per month

Homeownership Rate

Homeownership
Owners 79.03
Renters 20.97
Vacant 9.56

Housing Market Details

 

Age of Homes

AGE OF Tiverton HOMES
2000 or Newer 14.7
1970 - 1999 35.5
1940 - 1969 30.1
1939 or Older 19.7

Types of Homes

TYPE OF Tiverton HOMES
Single-Family 73.9
Townhomes 4.1
Small Apt. Buildings 10.2
Apt. Complexes 8.5
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Tiverton HOMES
No Bedroom 1.02
1 Bedroom 9.14
2 Bedrooms 30.75
3 Bedrooms 46.39
4 Bedrooms 9.82
5 or more bedrooms 2.89