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TypicalCost

Typical Cost of a House in Rhode Island

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The median home value in Rhode Island is $404,200, measured over 2020–2024. That is 21.5% above the U.S. median of $332,700. Half of owner-occupied homes are valued above that figure and half below.

Median home value

$404,200

2020–2024, give or take $4,032

Against the U.S. median

+21.5%

AboveU.S. $332,700

Rank among states

14th highest

of 51, counting the District of Columbia

Monthly housing costs in Rhode Island

What households actually pay each month, for those who own with a mortgage and those who rent.

Owning with a mortgage

$2,234a month

+13.8%U.S. $1,963

Median of mortgage payments, property taxes, insurance, utilities and fees together.

Renting

$1,342a month

−5.0%U.S. $1,413

Median gross rent: the rent itself plus utilities the renter pays.

Where Rhode Island sits among the states

Each tick is one state's median home value. The highlighted band holds the middle half of them, and the dark line is the median.

Across 51 states the median home value ranged from $162,600 to $839,100. The typical band runs from $235,100 to $411,400, with a median of $303,300. Rhode Island is at $404,200.

Home values by county in Rhode Island

5 counties, each compared with the Rhode Island median.

What this figure is

It is not a sale price. The Census Bureau asks homeowners what they think their home would sell for, and this is the middle answer for owner-occupied homes in Rhode Island. It covers every kind of home people own and live in, from condos to large houses, so the price of a particular house on the market can be far from it.

The figure describes the whole of 2020–2024, not a single year, and it is not adjusted for price changes since then. A survey always carries some uncertainty: the true value is very likely within $4,032 of the one shown.

Common questions

How much does a house cost in Rhode Island?

The median home value in Rhode Island is $404,200, from Census Bureau survey data for 2020–2024. Half of owner-occupied homes are valued above that and half below.

What is the average home price in Rhode Island?

The Census Bureau publishes a median rather than an average: $404,200 for 2020–2024. It is what owners estimate their homes would sell for, not a record of recent sale prices.

How much is a monthly mortgage payment in Rhode Island?

Homeowners with a mortgage in Rhode Island pay a median of $2,234 a month. That covers the mortgage payment together with property taxes, insurance and utilities.

What is the average rent in Rhode Island?

Median gross rent in Rhode Island is $1,342 a month for 2020–2024. Gross rent is the rent itself plus the utilities the renter pays.

Are homes in Rhode Island expensive compared with other places?

Rhode Island has the 14th highest median home value of 51 states, 21.5% above the U.S. median of $332,700.

Source

U.S. Census Bureau

American Community Survey 5-Year Estimates, 2020–2024, tables B25077, B25064 and B25088. Retrieved on October 6, 2026.

About the American Community Survey

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2020–2024.

Home values in other states

The percentage compares each state with the U.S. median.