Cost of homeownership in Rhode Island
State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.
Home price trend
FHFA House Price Index, quarterly.
Most expensive counties
- 1.Newport County$503,700
- 2.Bristol County$443,700
- 3.Washington County$436,000
- 4.Providence County$310,500
- 5.Kent County$306,000
Most affordable counties
- 1.Washington County18.9%
- 2.Newport County19.1%
- 3.Bristol County19.1%
- 4.Providence County19.8%
- 5.Kent County20.3%
DOE EIA residential average.
Residential baseline.
IRS SOI, state-level avg.
All counties in Rhode Island
Frequently asked questions
How much does it cost to own a home in Rhode Island?
Based on Census ACS, the state average home value in Rhode Island is $399,980, with median annual property tax around $5,170. Your actual cost depends on county and property.
What is the property tax in Rhode Island?
Property tax rates vary by county. Rhode Island's state average sits at roughly $5,170 per year on a median home. See county-level pages for local rates.
How fast are home prices appreciating in Rhode Island?
FHFA House Price Index data shows Rhode Island appreciating 4.1% over the last year and 54.8% over the last five years.
Is homeownership high in Rhode Island?
Rhode Island's homeownership rate is 68.9% (Census ACS). The share of owner-occupied units varies widely across counties.