The Most Affordable Neighborhoods in North Smithfield, RI by Home Value

 

North Smithfield, RI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the North Smithfield area can be challenging. Home prices in North Smithfield are now at a median cost of $328,924, higher than the Rhode Island average of $323,786.

The average cost of rent is $1,021/mo in North Smithfield, primarily driven by the current value of real estate in the North Smithfield area. While nearly 30.79% of residents own their homes outright in North Smithfield, 28.46% rent.

Housing affordability isn’t just about home prices, though. The average household income in North Smithfield is $7,357 per month. Households that rent pay about 13.88% of their income on rent here. North Smithfield's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.


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