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 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

Average Home Values

Median Home Value:
$320,939

Number Of Homes And Apartments:
410,489

Rhode Island Home Prices

> $1,298,326
1.7%
1.7%
$973,772 - $1,298,326
2.1%
2.1%
$649,139 - $973,771
6.4%
6.4%
$519,387 - $649,138
7.2%
7.2%
$389,641 - $519,386
17.0%
17.0%
$259,817 - $389,640
32.0%
32.0%
$129,975 - $259,816
28.4%
28.4%
$64,993 - $129,974
2.9%
2.9%
$0 - $64,992
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q1 - 2021 Q2
5.93% 25.90%
8
Last 12 Months:
2020 Q2 - 2021 Q2
14.16% 14.16%
9
Last 2 Years:
2019 Q2 - 2021 Q2
19.39% 9.27%
8
Last 5 Years:
2016 Q2 - 2021 Q2
41.03% 7.12%
8
Last 10 Years:
2011 Q2 - 2021 Q2
53.74% 4.39%
6
Since 2000:
2000 Q1 - 2021 Q2
146.96% 4.35%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,689 / per month

Homeownership Rate

Owners
58.4%
58.4%
Renters
41.6%
41.6%
Vacant
12.4%
12.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
7.7%
7.7%
1970 - 1999
31.0%
31.0%
1940 - 1969
31.0%
31.0%
1939 or Older
30.4%
30.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.0%
55.0%
Townhomes
3.3%
3.3%
Small Apt. Buildings
23.4%
23.4%
Apt. Complexes
17.4%
17.4%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.7%
2.7%
1 Bedroom
13.8%
13.8%
2 Bedrooms
30.4%
30.4%
3 Bedrooms
38.0%
38.0%
4 Bedrooms
12.1%
12.1%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES