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Affordable
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These days, finding an affordable place to live in the Wakefield-Peacedale area can be challenging. Home prices in Wakefield-Peacedale are now at a median cost of $501,498, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,316/mo in Wakefield-Peacedale, primarily driven by the current value of real estate in the Wakefield-Peacedale area. In Wakefield-Peacedale, 34.47% of households rent, and 33.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield-Peacedale is $9,465 per month. Households that rent pay about 13.90% of their income on rent here. Wakefield-Peacedale’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Kenyon, RI: equally priced homes
- West Kingston, RI: equally priced homes
- Slocum, RI: equally priced homes
Cities with Similar Populations
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