October's First-Time Homebuyer Report for Wakefield-Peacedale

With a 4.1% increase over the last 10 years, Wakefield-Peacedale ranks first in terms of growth. However, with 8,487 residents, it only ranks 13th in terms of population for Rhode Island. Homes in Wakefield-Peacedale are older than most with a median age of 48 years. The top school in the city is South Kingstown High School.

Culture

If you're looking to explore the community's favorite stores in Wakefield-Peacedale, then check out CVS/pharmacy, Belmont Market (Wakefield), and Shaw's, Foursquare's most popular places to go shopping. You might also try YMCA Of South County and Old Mountain Field, a few popular places to experience the outdoors. Lastly, Contemporary Theater Company is a well-known place for arts and entertainment.

Price Range

Home values in Wakefield-Peacedale are generally in line with others in the state with a median home value of $243,300 and an average list price of $346,385. The Wakefield-Peacedale market may be experiencing a determined pullback, but sales managed an uptick this week of 37.5% to 11 homes sold over the last 30 days.

Out of all the listings in Wakefield-Peacedale, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$497K   $949K   $299K  

Typical Dwelling

A three-bedroom detached home valued around $323,779 is considered a typical dwelling in Wakefield-Peacedale. If a buyer was looking for a similar home, they would need good credit and a $64,756 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,778 and the property tax rate is $16.46 per $1,000 of taxable assessed value.

Get started right now by checking out Wakefield-Peacedale homes for sale or reviewing Wakefield-Peacedale real estate trends.


Data reported through 10/13/2016

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