Tiverton, 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

Tiverton, RI Housing Market Trends

With a population of 15,662, 6,569 total housing units (homes and apartments), and a median house value of $411,408, 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.

Tiverton Home Appreciation Rates

Appreciation rates for homes in Tiverton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.01%, which ranks in the top 50% nationwide. This equates to an annual average Tiverton house appreciation rate of 3.79%.

Appreciation rates are so strong in Tiverton that despite a nationwide downturn in the housing market, Tiverton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tiverton appreciation rates continue to be some of the highest in America, at 10.94%, which is higher than appreciation rates in 75.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tiverton. Tiverton appreciation rates in the latest quarter were at 4.03%, which equates to an annual appreciation rate of 17.13%.

Importantly, this makes Tiverton 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 Tiverton's latest annual appreciation rate is lower than 70% of the other cities and towns in Rhode Island.

Average Home Values

 

Median Home Value:
$411,408

Tiverton, RI HOME PRICES

> $1,265,000
1.6%
1.6%
$949,001 - $1,265,000
3.7%
3.7%
$633,001 - $949,000
6.8%
6.8%
$506,001 - $633,000
8.4%
8.4%
$380,001 - $506,000
19.1%
19.1%
$253,001 - $380,000
35.5%
35.5%
$127,001 - $253,000
21.5%
21.5%
$63,001 - $127,000
1.1%
1.1%
$0 - $63,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for RI

Value Relative To Nation

Number Of Homes And Apartments:
6,569

Tiverton 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
108.29% 3.47%
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,740 / per month

Homeownership Rate

Owners
77.4%
77.4%
Renters
22.6%
22.6%
Vacant
11.7%
11.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.5%
15.5%
1970 - 1999
33.7%
33.7%
1940 - 1969
31.5%
31.5%
1939 or Older
19.3%
19.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.9%
71.9%
Townhomes
4.3%
4.3%
Small Apt. Buildings
11.0%
11.0%
Apt. Complexes
9.3%
9.3%
Mobile Homes
3.4%
3.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
11.0%
11.0%
2 Bedrooms
31.8%
31.8%
3 Bedrooms
41.0%
41.0%
4 Bedrooms
12.8%
12.8%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES