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Rhode Island Home Values and Rents
The median home value in Rhode Island is $404,200, 14th highest among states. Prices changed +4.7% in the year through Q2 2026.
- Typical home value
- $508,507
- 14th of 51 states
- Median rent
- $1,342/mo
- ACS 2020-2024
- Price change, 1 year
- +4.7%
- 9th fastest of 51
- Homeownership
- 63.6%
- Owner-occupied homes
Rhode Island home prices since 2000
FHFA purchase-only House Price Index, seasonally adjusted (1991 = 100)
Show as a table
| Period | Rhode Island |
|---|---|
| Q2 2026 | 441 |
| Q4 2025 | 431 |
| Q4 2024 | 412 |
| Q4 2023 | 386 |
| Q4 2022 | 339 |
| Q4 2021 | 322 |
| Q4 2020 | 277 |
| Q4 2019 | 244 |
| Q4 2018 | 229 |
| Q4 2017 | 216 |
| Q4 2016 | 203 |
| Q4 2015 | 192 |
| Q4 2014 | 184 |
| Q4 2013 | 175 |
| Q4 2012 | 170 |
Over five years, Rhode Island home prices changed +45.5%, compared with +29.9% for the U.S.
Source: Federal Housing Finance Agency ยท Last updated 07/01/2026
Home values by county
Zillow typical home value; price changes from FHFA annual county index
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| # | County | Typical value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | Newport County | $787,185 | $1,713 | +6.8% | +67.4% |
| 2 | Washington County | $683,840 | $1,327 | +6.3% | +65.6% |
| 3 | Bristol County | $650,424 | $1,528 | +4.7% | +66.0% |
| 4 | Providence County | $453,475 | $1,312 | +5.3% | +64.9% |
| 5 | Kent County | $441,067 | $1,327 | +5.3% | +65.8% |
Most expensive cities in Rhode Island
Cities and towns with 10,000+ residents, by typical home value
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| # | City | Population | Typical value | Median rent |
|---|---|---|---|---|
| 1 | Newport | 24,874 | $966,419 | $1,698 |
| 2 | Westerly | 18,411 | $634,210 | $1,260 |
| 3 | Newport East | 11,069 | $485,400 | $1,876 |
| 4 | Cranston | 83,250 | $454,927 | $1,375 |
| 5 | East Providence | 47,281 | $444,813 | $1,288 |
| 6 | Providence | 191,767 | $431,740 | $1,408 |
| 7 | Warwick | 83,175 | $420,635 | $1,363 |
| 8 | Pawtucket | 75,893 | $399,302 | $1,208 |
| 9 | Woonsocket | 43,521 | $387,483 | $1,161 |
| 10 | Central Falls | 22,701 | $382,044 | $1,200 |
| 11 | Valley Falls | 12,657 | $375,200 | $1,362 |
Most affordable cities in Rhode Island
Cities and towns with 10,000+ residents, lowest home values first
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| # | City | Population | Typical value | Median rent |
|---|---|---|---|---|
| 1 | Valley Falls | 12,657 | $375,200 | $1,362 |
| 2 | Central Falls | 22,701 | $382,044 | $1,200 |
| 3 | Woonsocket | 43,521 | $387,483 | $1,161 |
| 4 | Pawtucket | 75,893 | $399,302 | $1,208 |
| 5 | Warwick | 83,175 | $420,635 | $1,363 |
| 6 | Providence | 191,767 | $431,740 | $1,408 |
| 7 | East Providence | 47,281 | $444,813 | $1,288 |
| 8 | Cranston | 83,250 | $454,927 | $1,375 |
| 9 | Newport East | 11,069 | $485,400 | $1,876 |
| 10 | Westerly | 18,411 | $634,210 | $1,260 |
| 11 | Newport | 24,874 | $966,419 | $1,698 |
Home sale prices by metro area
Zillow median sale price, Sep 2026. Metro areas can cross state lines.
| Metro area | Median price | 1 yr |
|---|---|---|
| Providence-Warwick, RI-MA | $507,581 | +3.6% |
Metro areas in Rhode Island
FHFA all-transactions index; metro areas may cross state lines
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| Metro area | 1-year | 5-year |
|---|---|---|
| Providence-Warwick, RI-MA | +4.7% | +51.9% |
ZIP codes with the biggest 5-year price gains
FHFA annual ZIP code index, 2025
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Frequently asked questions
- What is the median home value in Rhode Island?
- The median value of owner-occupied homes in Rhode Island is $404,200, according to the American Community Survey 2020-2024 5-year estimates. That ranks 14th highest among the states and D.C.
- Are home prices going up in Rhode Island?
- Home prices in Rhode Island changed +4.7% over the year through Q2 2026 and +45.5% over five years, according to the FHFA House Price Index.
- What is the most expensive city in Rhode Island?
- Among cities and towns with at least 10,000 residents, Newport has the highest typical home value at $966,419, followed by Westerly ($634,210) and Newport East ($485,400).
- Where are homes most affordable in Rhode Island?
- Valley Falls has the lowest typical home value among cities with 10,000+ residents at $375,200, followed by Central Falls ($382,044) and Woonsocket ($387,483).
- What is the average rent in Rhode Island?
- The median gross rent in Rhode Island is $1,342 a month, including utilities paid by the renter (ACS 2020-2024). About 36% of households rent.