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Affordable
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These days, finding an affordable place to live in the Slocum area can be challenging. Home prices in Slocum are now at a median cost of $503,189, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,245/mo in Slocum, primarily driven by the current value of real estate in the Slocum area. In Slocum, 30.17% of households rent, and 28.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Slocum is $7,751 per month. Households that rent pay about 16.06% of their income on rent here. Slocum’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Kingston, RI: equally priced homes
- Exeter, RI: equally priced homes
- Fisherville, RI: equally priced homes
- Wyoming, RI: less expensive homes
- Kingston, RI: higher priced homes
- Richmond, RI: equally priced homes
- Carolina, RI: equally priced homes
- Saunderstown, RI: higher priced homes
- Kenyon, RI: equally priced homes
- Hope Valley, RI: less expensive homes
Cities with Similar Populations
- Mountainville, NY: less expensive homes
- Montgomery Creek, CA: less expensive homes
- Moorheadville, PA: less expensive homes
- Moorland, KY: less expensive homes
- Moravia, TX: less expensive homes
- Morgans Corners, NC: less expensive homes
- Morrison, MO: less expensive homes
- Mount Aukum, CA: higher priced homes
- Mount Liberty, WV: less expensive homes
- Mount Pleasant, GA: less expensive homes
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