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Affordable
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These days, finding an affordable place to live in the Wakefield area can be challenging. Home prices in Wakefield are now at a median cost of $625,901, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,372/mo in Wakefield, primarily driven by the current value of real estate in the Wakefield area. In Wakefield, 17.03% of households rent, and 44.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield is $9,360 per month. Households that rent pay about 14.66% of their income on rent here. Wakefield’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tuckertown, RI: equally priced homes
- South Kingstown, RI: equally priced homes
- Wakefield-Peacedale, RI: less expensive homes
- Narragansett Pier, RI: higher priced homes
- Kingston, RI: equally priced homes
- Kenyon, RI: less expensive homes
- Narragansett, RI: higher priced homes
- West Kingston, RI: less expensive homes
- Charlestown, RI: equally priced homes
- Saunderstown, RI: equally priced homes
Cities with Similar Populations
- Escalon, CA: equally priced homes
- East Grand Rapids, MI: less expensive homes
- East Hampton, CT: less expensive homes
- East Hanover, NJ: higher priced homes
- East Rockaway, NY: equally priced homes
- Eastman, GA: less expensive homes
- Echelon, NJ: less expensive homes
- Edgewood, NM: less expensive homes
- Egg Harbor City, NJ: less expensive homes
- Elberton, GA: less expensive homes
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