Rhode Island Average Home Price by City (2026)

The average home price in Rhode Island (RI) is about $525,500 — the 2026 median, at ~$358/sq ft — 79% more expensive than the typical U.S. home.

$525,500
Rhode Island median value
$358
Median price / sq ft
~1,470
sq ft a median budget buys
+79%
vs U.S. median
Providence — $426,000ProvidenceHopkinton — $505,500HopkintonCranston — $460,000CranstonEast Providence — $451,000Warwick — $422,000Warwick

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to Rhode Island?

Housing in Rhode Island is 79% more expensive than the national average, with a typical home around $525,500 and a local rate near $358 per square foot. Among the 8 Rhode Island cities we track, Scituate is the most expensive (median $554,000) and Warwick is the most affordable (median $422,000) — so where you land in the state matters as much as the state itself.

Browse Rhode Island cities

Scituate$554,000Richmond$519,000Hopkinton$505,500Burrillville$488,500Cranston$460,000East Providence$451,000Providence$426,000Warwick$422,000

See the cheapest (and most expensive) places to live in Rhode Island.

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Salary needed to buy a home in Rhode Island

To buy the typical $525,500 home in Rhode Island with 20% down, you need a household income of roughly $143,000 a year (about $3,340 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $170,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$26,300$4,150/mo$178,000/yr
10% (+PMI)$52,600$3,960/mo$170,000/yr
20%$105,100$3,340/mo$143,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in Rhode Island

At about $358 per square foot, here is roughly how much home different budgets get you in Rhode Island:

BudgetApprox. sizeWhat that looks like locally
$250k700 sq ftbelow the local median — condos, smaller or older homes
$300k840 sq ftbelow the local median — condos, smaller or older homes
$400k1120 sq ftbelow the local median — condos, smaller or older homes
$500k1400 sq ftaround the typical home here
$600k1680 sq ftaround the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Rhode Island so you can compare your current home against every Rhode Island city we track.

Rhode Island home prices: frequently asked

What salary do you need to buy a house in Rhode Island? +
For the typical $525,500 home in Rhode Island, a household income of about $143,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $170,000; with 5% down about $178,000.
What is the average home price in Rhode Island? +
The average home price in Rhode Island is about $525,500 as of 2026, at roughly $358 per square foot — 79% more expensive than the U.S. median of $294,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in Rhode Island (RI)? +
About $525,500 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $358/sq ft, a median budget in Rhode Island buys roughly 1,470 sq ft of home.
Where is Rhode Island most and least expensive? +
Among the 8 Rhode Island cities tracked here, Scituate is the priciest (median $554,000) and Warwick is the most affordable (median $422,000). ZIP-level prices within one city vary further, so check the city page for your area.