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These days, finding an affordable place to live in the Warwick area can be challenging. Home prices in Warwick are now at a median cost of $357,900, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,300/mo in Warwick, primarily driven by the current value of real estate in the Warwick area. In Warwick, 12.39% of households rent, and 42.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Warwick is $8,359 per month. Households that rent pay about 15.55% of their income on rent here. Warwick’s most expensive areas are in the central 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
- Scotland, NH: less expensive homes
- Stoneville, MA: less expensive homes
- Orange, MA: less expensive homes
- North Orange, MA: less expensive homes
- Northfield, MA: equally priced homes
- Richmond, NH: less expensive homes
- Westport, NH: less expensive homes
- Winchester, NH: less expensive homes
- Erving, MA: less expensive homes
- Royalston, MA: equally priced homes
Cities with Similar Populations
- Savage, KY: less expensive homes
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- Horns Corners, WI: higher priced homes
- Hulett, WY: less expensive homes
- Humboldt, AZ: higher priced homes
- Huron, IN: less expensive homes
- Island Park, ID: higher priced homes
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