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These days, finding an affordable place to live in the Charlestown area can be challenging. Home prices in Charlestown are now at a median cost of $587,617, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,473/mo in Charlestown, primarily driven by the current value of real estate in the Charlestown area. In Charlestown, 7.97% of households rent, and 35.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Charlestown is $9,762 per month. Households that rent pay about 15.09% of their income on rent here. Charlestown’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wood River Junction, RI: less expensive homes
- Kenyon, RI: less expensive homes
- Bradford, RI: less expensive homes
- Carolina, RI: less expensive homes
- South Kingstown, RI: equally priced homes
- Richmond, RI: less expensive homes
- Ashaway, RI: less expensive homes
- Wakefield, RI: equally priced homes
- Tuckertown, RI: higher priced homes
- Westerly, RI: less expensive homes
Cities with Similar Populations
- Pen Argyl, PA: less expensive homes
- Los Ranchos de Albuquerque, NM: less expensive homes
- Lovettsville, VA: higher priced homes
- Lucas, TX: higher priced homes
- Lutherville, MD: less expensive homes
- Manchester, PA: less expensive homes
- Mannford, OK: less expensive homes
- Mauston, WI: less expensive homes
- Mechanicstown, NY: less expensive homes
- Pana, IL: less expensive homes
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