Rhode Island housing market

What the numbers say

Rhode Island real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Rhode Island listed for $569,900, down 2.5% from a year earlier.

Homes spent a median of 38 days on the market, slower than 37 days a year ago.

Homeowners in Rhode Island pay a median of $4,900 a year in property taxes on a median home value of $404,200, an effective rate of about 1.21%.

Renters pay a median of $1,342 a month, and $1,457 for a two-bedroom. At today's prices a typical home costs about 35 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $570,000 home here comes to about $3,920 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $168,000 a year (the median household here earns $87,796).