Rhode Island First-Time Homebuyer Report for October

Providence County, Kent County, and Washington County can all be found within Rhode Island. The state has a population of 1,052,567 people. It ranks 43rd in the country in total population, but ranks third when it comes to density with 1,018.1 people per square mile. The cost of living adjustment score is 125.5, making it the ninth-most expensive state in the country. Also, with a median household income of $52,757, it ranks 20th in terms of prosperity. The best schools in the state are Cedar Hill School, Curtis Corner Middle School, and Independence Transition Academy.


If you are interested in the top stores to shop in Rhode Island, Foursquare says that Target, Trader Joe's, and Whole Foods Market are the most popular places to buy a few things. If you like outdoor activities, some popular spots are Cliff Walk and Fort Adams State Park. Lastly, WaterFire Providence - Waterplace Park and Providence Performing Arts Center are well-known places for arts and entertainment.

Price Range

Some of the more expensive homes in USA are in Rhode Island with a median home value of $212,400 and an average list price for available homes currently at $302,362. The number of home sales in the Rhode Island market rose 3.4% to 1,172 homes over the last 30 days.

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

$269K   $479K   $179K  

Typical Dwelling

The typical dwelling in Rhode Island is a three-bedroom detached home worth about $296,913. To purchase a similar home, a buyer with good credit and a $59,383 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,319 monthly payment. The property tax rate is $18.85 per $1,000 of taxable assessed value.

Get started right now by checking out Rhode Island homes for sale or reviewing Rhode Island real estate trends.

Data reported through 10/13/2016


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