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 2021. 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

Average Home Values

Median Home Value:
$370,242

Number Of Homes And Apartments:
414,730

Rhode Island Home Prices

> $1,398,831
$1,049,244 - $1,398,831
$699,589 - $1,049,243
$559,592 - $699,588
$419,546 - $559,591
$279,810 - $419,545
$139,854 - $279,809
$69,965 - $139,853
$0 - $69,964
1.9%
1.9%
2.2%
2.2%
7.2%
7.2%
8.3%
8.3%
18.8%
18.8%
34.0%
34.0%
23.1%
23.1%
2.1%
2.1%
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Rhode Island Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
2.84% 11.86%
5
Last 12 Months:
2020 Q4 - 2021 Q4
19.10% 19.10%
7
Last 2 Years:
2019 Q4 - 2021 Q4
27.82% 13.06%
8
Last 5 Years:
2016 Q4 - 2021 Q4
49.40% 8.36%
7
Last 10 Years:
2011 Q4 - 2021 Q4
66.97% 5.26%
6
Since 2000:
2000 Q1 - 2021 Q4
170.44% 4.68%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,806 / per month

Homeownership Rate

Owners
Renters
Vacant
59.2%
59.2%
40.8%
40.8%
11.6%
11.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.9%
7.9%
31.3%
31.3%
30.5%
30.5%
30.3%
30.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.3%
55.3%
3.6%
3.6%
23.3%
23.3%
16.9%
16.9%
0.9%
0.9%
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
2.6%
2.6%
13.5%
13.5%
30.2%
30.2%
38.4%
38.4%
12.3%
12.3%
3.0%
3.0%
0.0% 100.0%
% OF HOMES