Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rhode Island area can be challenging. Home prices in Rhode Island are now at a median cost of $323,786, higher than the the United States average of $313,691.
The average cost of rent is $1,229/mo in Rhode Island, primarily driven by the current value of real estate in the Rhode Island area. While nearly 32.71% of residents own their homes outright in Rhode Island, 35.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rhode Island is $6,945 per month. Households that rent pay about 17.70% of their income on rent here. Rhode Island's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the state.
Nearby States
- Massachusetts: higher priced homes
- Connecticut: higher priced homes
- New Hampshire: equally priced homes
- Vermont: less expensive homes
- New Jersey: higher priced homes
- New York: higher priced homes
- Maine: less expensive homes
- Delaware: less expensive homes
- Pennsylvania: less expensive homes
- Maryland: higher priced homes
States with Similar Populations
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood