Rhode Island Affordability
How affordable is Rhode Island real estate?
Public Record + Census ACS
Median Home Price
$636.5K
Median Household Income
$81,854
Affordability Index
7.78
vs National Avg
+14.1%
Cities in Rhode Island by Affordability
| # | City | Median Price | Index |
|---|---|---|---|
| 1 | Glocester | $211K | 2.58 |
| 2 | Coventry | $317.1K | 3.87 |
| 3 | Smithfield | $373.6K | 4.56 |
| 4 | Tiverton | $392.8K | 4.80 |
| 5 | North Smithfield | $400K | 4.89 |
| 6 | Warwick | $448.6K | 5.48 |
| 7 | Burrillville | $452.5K | 5.53 |
| 8 | East Providence | $465K | 5.68 |
| 9 | Woonsocket | $472.4K | 5.77 |
| 10 | West Warwick | $474.5K | 5.80 |
| 11 | Bristol | $486.3K | 5.94 |
| 12 | Richmond | $495.7K | 6.06 |
| 13 | Johnston | $497.1K | 6.07 |
| 14 | North Providence | $521K | 6.36 |
| 15 | Pawtucket | $561.8K | 6.86 |
| 16 | West Greenwich | $565.7K | 6.91 |
| 17 | Cumberland | $570K | 6.96 |
| 18 | Cranston | $575.9K | 7.04 |
| 19 | Scituate | $594.3K | 7.26 |
| 20 | Exeter | $602K | 7.35 |
| 21 | South Kingstown | $757.2K | 9.25 |
| 22 | Narragansett | $763.6K | 9.33 |
| 23 | Westerly | $775.3K | 9.47 |
| 24 | Providence | $783.8K | 9.57 |
| 25 | East Greenwich | $796.3K | 9.73 |
| 26 | North Kingstown | $827.8K | 10.11 |
| 27 | Middletown | $877.3K | 10.72 |
| 28 | Barrington | $942.5K | 11.51 |
| 29 | Newport | $1.22M | 14.86 |
| 30 | Portsmouth | $1.54M | 18.78 |
Methodology
Affordability index = local median home price ÷ state median household income. A value of 4.0 means homes cost 4x annual income (roughly the historical "rule of thumb" ceiling). Higher values = less affordable.
Income figures: US Census Bureau, ACS 5-year estimates (state level). Sale prices: MarketTimeline public-record SOLD events, last 12 months.