Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Block Island area can be challenging. Home prices in Block Island are now at a median cost of $998,238, higher than the Rhode Island average of $323,786.
The average cost of rent is $1,139/mo in Block Island, primarily driven by the current value of real estate in the Block Island area. While nearly 46.42% of residents own their homes outright in Block Island, 22.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Block Island is $6,317 per month. Households that rent pay about 18.03% of their income on rent here. Block Island's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Charlestown, RI: less expensive homes
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- Narragansett Pier, RI: less expensive homes
- Kenyon, RI: less expensive homes
- Narragansett, RI: less expensive homes
- Wakefield-Peacedale, RI: less expensive homes
Cities with Similar Populations
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- South Pekin, IL: less expensive homes
- Hankinson, ND: less expensive homes
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