menu

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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

$448,402

Number Of Homes And Apartments:

432,219

Rhode Island Home Prices

> $1,353,250
$1,014,814 - $1,353,250
$676,669 - $1,014,813
$541,233 - $676,668
$406,212 - $541,232
$270,576 - $406,211
$135,460 - $270,575
$67,695 - $135,459
$0 - $67,694
3.1%
3.1%
4.0%
4.0%
12.1%
12.1%
13.2%
13.2%
24.5%
24.5%
29.9%
29.9%
9.6%
9.6%
1.1%
1.1%
2.5%
2.5%
0% 100.0%
% of Homes

Rhode Island Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,431 / per month

Homeownership Rate

Owners
Renters
60.1%
60.1%
39.9%
39.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.5%
10.5%
89.5%
89.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.9%
8.9%
30.8%
30.8%
29.5%
29.5%
30.7%
30.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.4%
55.4%
3.8%
3.8%
22.9%
22.9%
17.0%
17.0%
0.9%
0.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.6%
2.6%
13.6%
13.6%
30.1%
30.1%
38.4%
38.4%
12.3%
12.3%
3.0%
3.0%
0% 100.0%
% of Homes