I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Rhode Island
💡 Key Rhode Island housing market facts
| Data Point | Value | Rank | Compared to National Avg |
| Typical Home Value | $469,927[1] | #11 of 50 states | 27.6% higher |
| Median Listing Price | $575,000[2] | #11 of 50 states | 28.7% higher |
| Median Sale Price | $522,800[3] | #13 of 50 states | 23.7% higher |
| 30 Year Mortgage Rate | 7.03%[4] | #34 of 50 states | 0.8% higher |
| Median Days on Market | 33[5] | #1 of 50 states | 35.4% shorter |
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🗺️ Buying a house in the Rhode Island real estate market
Rhode Island has an affordability score of 7.4, meaning it takes 7.4 years of the median household income ($70,305) to afford Rhode Island's median home sale price ($522,800). Because of this, we rank Rhode Island as the 13th least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to National Avg |
| Median Sale Price | $522,800[6] | #13 of 50 states | 23.7% higher |
| 30 Year Mortgage Rate | 7.03%[7] | #34 of 50 states | 0.8% higher |
| Median Household Income | $70,305[8] | #15 of 50 states | 9% higher |
| Affordability Ratio | 7.4 | #38 of 50 states | 15.4% higher |
| Buyers Agent Commission | 2.57%[9] | #25 of 50 states | 1.3% higher |
Resources for Rhode Island home buyers
Preparing to buy in Rhode Island
Rhode Island home buying costs
🗺️ Selling a house in the Rhode Island real estate market
According to our detailed survey of Rhode Island real estate agents, listing agents (those representing the seller) charge an average commission in Rhode Island of 2.68%, which is the 17th lowest in the United States. Buyers' agents charge an average commission of 2.57%, which is the 25th lowest in the United States.
| Data Point | Value | Rank | Compared to National Avg |
| Median Listing Price | $575,000[10] | #11 of 50 states | 28.7% higher |
| Median Sale Price | $522,800[11] | #13 of 50 states | 23.7% higher |
| Median Days on Market | 33[12] | #1 of 50 states | 35.4% shorter |
| Buyer's Agent Commission | 2.57%[13] | #25 of 50 states | 1.3% higher |
| Listing Agent Commission | 2.68%[14] | #17 of 50 states | 1.6% lower |
Resources for Rhode Island home sellers
Preparing to sell in Rhode Island
- 8 Steps to Selling a House in Rhode Island
- Average Time to Sell a House in Rhode Island
- When Is the Best Time to Sell a House in Rhode Island?
- Top Real Estate Agents in Rhode Island
Rhode Island home selling costs and requirements
Moving to Rhode Island
According to our recent moving trends survey[15], 5% of Americans indicated that they would choose to move to Rhode Island if money were no object. Likewise, 6% of survey respondents indicated that they would move to Providence among a choice of America's largest cities.
Here's how Rhode Island cities rank in a number of our research studies.
| Study | Best Rhode Island city | Rank |
| Best Pizza Cities[16] | Providence | 32nd best |
| Best Coffee Cities[17] | Providence | 6th best |
| Best LGBTQ Cities[18] | Providence | 21st best |
| Best Bike Cities[19] | Providence | 10th best |
| Best Commuter Cities[20] | Providence | 26th best |