Bristol, 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 Q2 2021. 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

Bristol, RI Housing Market Trends

With 21,915 people, 8,304 houses or apartments, and a median cost of homes of $418,209, real estate costs in Bristol 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 Bristol, accounting for 59.31% of the town's housing units. Other types of housing that are prevalent in Bristol include duplexes, homes converted to apartments or other small apartment buildings ( 23.04%), large apartment complexes or high rise apartments ( 13.36%), and a few row houses and other attached homes ( 4.29%).

The most prevalent building size and type in Bristol are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.34% owning and 43.66% renting.

There is a lot of housing in Bristol 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 Bristol built between 1940-1969 ( 29.54%). A lesser amount of the housing stock also hails from before 1939 ( 25.88%). There's also some housing in Bristol built between 2000 and later ( 8.73%).

Vacant housing appears to be an issue in Bristol. Fully 11.46% of the housing stock is classified as vacant. Left unchecked, vacant Bristol homes and apartments can be a drag on the real estate market, holding Bristol 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.

Bristol Home Appreciation Rates

Real estate appreciation rates in Bristol's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.45% during the period.

Appreciation rates are so strong in Bristol that despite a nationwide downturn in the housing market, Bristol real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bristol appreciation rates continue to be some of the highest in America, at 11.39%, which is higher than appreciation rates in 79.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bristol. Bristol appreciation rates in the latest quarter were at 4.05%, which equates to an annual appreciation rate of 17.23%.

Importantly, this makes Bristol one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Rhode Island, our data show that Bristol's latest annual appreciation rate is lower than 60% of the other cities and towns in Rhode Island.

Average Home Values

 

Median Home Value:
$418,209

Bristol, RI HOME PRICES

> $1,257,000
2.7%
2.7%
$943,001 - $1,257,000
3.1%
3.1%
$629,001 - $943,000
10.9%
10.9%
$503,001 - $629,000
16.1%
16.1%
$377,001 - $503,000
25.9%
25.9%
$251,001 - $377,000
32.2%
32.2%
$126,001 - $251,000
8.5%
8.5%
$63,001 - $126,000
0.0%
0.0%
$0 - $63,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for RI

Value Relative To Nation

Number Of Homes And Apartments:
8,304

Bristol Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
113.85% 3.60%
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,055 / per month

Homeownership Rate

Owners
56.3%
56.3%
Renters
43.7%
43.7%
Vacant
11.5%
11.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.7%
8.7%
1970 - 1999
35.8%
35.8%
1940 - 1969
29.5%
29.5%
1939 or Older
25.9%
25.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.3%
59.3%
Townhomes
4.3%
4.3%
Small Apt. Buildings
23.0%
23.0%
Apt. Complexes
13.4%
13.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
10.1%
10.1%
2 Bedrooms
30.9%
30.9%
3 Bedrooms
42.2%
42.2%
4 Bedrooms
13.0%
13.0%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES