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These days, finding an affordable place to live in the Carolina area can be challenging. Home prices in Carolina are now at a median cost of $475,764, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,580/mo in Carolina, primarily driven by the current value of real estate in the Carolina area. In Carolina, 5.75% of households rent, and 32.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carolina is $10,051 per month. Households that rent pay about 15.72% of their income on rent here. Carolina’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Richmond, RI: equally priced homes
- Kenyon, RI: equally priced homes
- Wyoming, RI: less expensive homes
- Wood River Junction, RI: less expensive homes
- West Kingston, RI: equally priced homes
- Hope Valley, RI: less expensive homes
- Charlestown, RI: higher priced homes
- Slocum, RI: equally priced homes
- Hopkinton, RI: less expensive homes
- South Kingstown, RI: higher priced homes
Cities with Similar Populations
- Huntley, MT: less expensive homes
- Longville, MN: less expensive homes
- Long Beach, IN: higher priced homes
- Little Rock, MS: less expensive homes
- Ashland, IL: less expensive homes
- La Pryor, TX: less expensive homes
- Kindred, ND: less expensive homes
- Kimbrell, AL: less expensive homes
- Wadsworth, NV: less expensive homes
- Hutchison, KY: less expensive homes
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