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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 15,662, 6,569 total housing units (homes and apartments), and a median house value of $393,374, real estate costs in Tiverton 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 Tiverton, accounting for 71.90% 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 ( 11.03%), large apartment complexes or high rise apartments ( 9.33%), and a few row houses and other attached homes ( 4.34%).
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 77.42% of Tiverton's homes, and 53.79% 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 ( 31.51%). A lesser amount of the housing stock also hails from before 1939 ( 19.27%). There's also some housing in Tiverton built between 2000 and later ( 15.48%).
Vacant housing appears to be an issue in Tiverton. Fully 11.71% of the housing stock is classified as vacant. Left unchecked, vacant Tiverton homes and apartments can be a drag on the real estate market, holding Tiverton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Tiverton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.10% during the period.
NeighborhoodScout's data show that during the latest twelve months, Tiverton's appreciation rate, at 6.96%, has been at or slightly above the national average. In the latest quarter, Tiverton's appreciation rate has been 2.32%, which annualizes to a rate of 9.61%.
Relative to Rhode Island, our data show that Tiverton's latest annual appreciation rate is lower than 70% of the other cities and towns in Rhode Island.