Expensive
Affordable
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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 $1,376,367, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,327/mo in Block Island, primarily driven by the current value of real estate in the Block Island area. In Block Island, 18.69% of households rent, and 55.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Block Island is $7,563 per month. Households that rent pay about 17.54% of their income on rent here. Block Island’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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