Johnston, 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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Johnston, RI Housing Market Trends

With 29,568 people, 11,531 houses or apartments, and a median cost of homes of $299,913, Johnston real estate values are some of the lowest in Rhode Island, although compared to real estate around the nation, Johnston homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Johnston, accounting for 67.19% of the town's housing units. Other types of housing that are prevalent in Johnston include duplexes, homes converted to apartments or other small apartment buildings ( 15.03%), large apartment complexes or high rise apartments ( 15.01%), and a few row houses and other attached homes ( 2.59%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Johnston. Owner-occupied housing accounts for 69.52% of Johnston's homes, and 55.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Johnston 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 Johnston built between 1940-1969 ( 37.27%). A lesser amount of the housing stock also hails from before 1939 ( 15.58%). There's also some housing in Johnston built between 2000 and later ( 5.62%).

Johnston Home Appreciation Rates

Appreciation rates for homes in Johnston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 76.30%, which ranks in the top 40% nationwide. This equates to an annual average Johnston house appreciation rate of 5.83%.

NeighborhoodScout's data show that during the latest twelve months, Johnston's appreciation rate, at 14.65%, has been at or slightly above the national average. In the latest quarter, Johnston's appreciation rate has been 1.20%, which annualizes to a rate of 4.91%.

Relative to Rhode Island, our data show that Johnston's latest annual appreciation rate is higher than 50% of the other cities and towns in Rhode Island.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Johnston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Johnston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Johnston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$299,913

Johnston, RI HOME PRICES

> $1,343,000
$1,007,001 - $1,343,000
$672,001 - $1,007,000
$537,001 - $672,000
$403,001 - $537,000
$269,001 - $403,000
$134,001 - $269,000
$67,001 - $134,000
$0 - $67,000
0.0%
0.0%
0.9%
0.9%
1.9%
1.9%
3.7%
3.7%
16.5%
16.5%
48.8%
48.8%
25.4%
25.4%
0.7%
0.7%
2.1%
2.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for RI

Value Relative To Nation

Number Of Homes And Apartments:
11,531

Johnston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
121.61% 3.64%
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,822 / per month

Homeownership Rate

Owners
Renters
Vacant
69.5%
69.5%
30.5%
30.5%
9.5%
9.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.6%
5.6%
41.5%
41.5%
37.3%
37.3%
15.6%
15.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.2%
67.2%
2.6%
2.6%
15.0%
15.0%
15.0%
15.0%
0.2%
0.2%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
13.3%
13.3%
27.1%
27.1%
40.6%
40.6%
15.3%
15.3%
1.5%
1.5%
0.0% 100.0%
% OF HOMES