The Most Affordable Neighborhoods in Prudence Island, RI by Home Value

 

Prudence Island, RI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Prudence Island area can be challenging. Home prices in Prudence Island are now at a median cost of $419,800, higher than the Rhode Island average of $323,786.

The average cost of rent is $929/mo in Prudence Island, primarily driven by the current value of real estate in the Prudence Island area. While nearly 62.32% of residents own their homes outright in Prudence Island, 15.85% rent.

Housing affordability isn’t just about home prices, though. The average household income in Prudence Island is $7,422 per month. Households that rent pay about 12.52% of their income on rent here. Prudence Island's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.


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