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 Q1 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:
$306,871

Number Of Homes And Apartments:
410,489

Rhode Island Home Prices

> $1,241,539
1.7%
1.7%
$930,913 - $1,241,539
2.1%
2.1%
$620,779 - $930,912
6.4%
6.4%
$496,453 - $620,778
7.2%
7.2%
$372,555 - $496,452
17.0%
17.0%
$248,637 - $372,554
32.0%
32.0%
$124,327 - $248,636
28.4%
28.4%
$62,176 - $124,326
2.9%
2.9%
$0 - $62,175
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:
2020 Q4 - 2021 Q1
2.55% 10.59%
8
Last 12 Months:
2020 Q1 - 2021 Q1
9.09% 9.09%
9
Last 2 Years:
2019 Q1 - 2021 Q1
14.92% 7.20%
8
Last 5 Years:
2016 Q1 - 2021 Q1
36.08% 6.35%
8
Last 10 Years:
2011 Q1 - 2021 Q1
40.43% 3.45%
5
Since 2000:
2000 Q1 - 2021 Q1
133.24% 4.12%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,556 / 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