Home Values

Rhode Island Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$222,400

  • 4.2% 1-year change
  • 1.9% 1-year forecast

The median home value in Rhode Island is $222,400. Rhode Island home values have gone up 4.2% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in Rhode Island is $172. The median price of homes currently listed in Rhode Island is $250,000 while the median price of homes that sold is $242,800. The median rent price in Rhode Island is $1,337.

Foreclosures will be a factor impacting home values in the next several years. In Rhode Island 3.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Rhode Island is 6.8%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Rhode Island homeowners underwater on their mortgage is 19.3%.

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Relative ZHVI
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Rhode Island Market Overview

Data through Nov 30, 2014
  • $222,400 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $250,000 Median listing price
  • $242,800 Median sale price
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Rhode Island Market Health

Data through Nov 30, 2014
  • 1.0/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 123 Average days on Zillow (Oct 31, 2014)
  • 19.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.4 homes Rhode Island
4.2 homes United States
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Cities in Rhode Island

Name Median ZHVI
Cumberland $238,700
Coventry $200,200
Cranston $192,200
Name Median ZHVI
Johnston $189,500
Warwick $171,300
West Warwick $157,900
Name Median ZHVI
Pawtucket $152,200
Providence $151,800
Woonsocket $148,300

Listings & Sales

Data through Nov 30, 2014
  • $172 Median list price / sq ft
  • $164 Median sale price / sq ft
  • No data Listings with price cut
28.2%
Sold below listing
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Rhode Island Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,506 Rhode Island
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,337 Rent list price
  • $1.20 Rent list price / sq ft
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