Rhode Island Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in Rhode Island?
The Rhode Island housing market is showing balanced conditions.
home values have grown a moderate 2.8% year-over-year. there are currently 2,573 homes on the market.
Median Home Value
$486,411
Zillow Home Value Index
Year-over-Year
+2.8%
Home value change
5-Year Change
+46%
Since 2021
Median Rent
$2,078/mo
Zillow Observed Rent Index
Active Listings
2,573
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for Rhode Island vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in Rhode Island: $2,078/mo (+4.3% YoY)
Rent vs. Buy Analysis
With a median home value of $486,411 and average rent of $2,078/mo, the price-to-rent ratio in Rhode Island is 19.5. A ratio of 15-21 means it could go either way — run the numbers.
Run Full Rent vs. Buy CalculatorTop Markets in Rhode Island
Explore housing data for 1 metro areas in Rhode Island. Click any market for detailed trends and analysis.
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Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.