Rhode Island Home Prices & Values

$219,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.6% 1-year change
  • 2.7% 1-year forecast

The median home value in Rhode Island is $219,800. Rhode Island home values have gone up 3.6% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Rhode Island is $175. The median price of homes currently listed in Rhode Island is $259,900 while the median price of homes that sold is $224,075. The median rent price in Rhode Island is $1,300.

Foreclosures will be a factor impacting home values in the next several years. In Rhode Island 7.2 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

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 6.9%, which is higher than the national value of 6.9%. 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 23.0%.

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Relative ZHVI
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Rhode Island Market Overview

Data through Aug 31, 2014
  • $219,800 ZHVI
  • 2.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $259,900 Median listing price
  • $224,075 Median sale price
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Rhode Island Market Health

Data through Aug 31, 2014
  • 1.1/10 Less healthy What's This?  
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    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.

  • No recent data Average days on Zillow
  • 23.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.2 homes Rhode Island
4.3 homes United States
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Cities in Rhode Island

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Cumberland $237,500 Coventry $201,100 Johnston $189,300
Cranston $188,700 Warwick $165,800 West Warwick $158,900
Providence $148,000 Pawtucket $147,500 Woonsocket $145,000

Listings & Sales

Data through Aug 31, 2014
  • $175 Median list price / sq ft
  • $161 Median sale price / sq ft
  • 43.4% Listings with price cut
37.5%
Sold below listing
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Rhode Island Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,484 Rhode Island
$1,328 United States
  • No data Breakeven horizon
  • $1,300 Rent list price
  • $1.21 Rent list price / sq ft
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