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Rhode Island Housing

 
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As of 2008-2012, median price of a house in Rhode Island is $259,400, which is higher than the national average of $181,400. The Rhode Island median house value has grown by 95.04% since 2000. The growth rate for the price of a house in Rhode Island is much higher than the national average rate of 51.67%. The median year that a house in Rhode Island was built is 1957, which is older than the median year for a house built in the USA which is 1975.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 251,217 Owner Occupied Houses in Rhode Island, #10
Rhode Island
259,400 USD
U.S.
181,400 USD
Median House Price Growth Since 2000, #6
Rhode Island
95.04%
U.S.
51.67%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2008-2012 data. View historical house value data.

Housing Occupancy

 Rhode Island%U.S.
Total Housing Units463,388, see rank100%131,704,730
Occupied Housing Units413,60089.26%, see rank88.62%
Owner Occupied250,95254.16%, see rank57.69%
Renter Occupied162,64835.10%, see rank30.93%
Vacant Housing Units49,78810.74%, see rank11.38%
For Rent15,7633.40%, see rank3.14%
For Sale Only5,1711.12%, see rank1.44%
Rented or Sold, Not Occupied1,9460.42%, see rank0.48%
For Seasonal, Recreational, or Occasional Use17,0773.69%, see rank3.53%
For Migrant Workers120.00%, see rank0.02%
Other Vacant9,8192.12%, see rank2.77%

*Based on 2010 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #49
Rhode IslandU.S.
19571975

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2008-2012 data. View historical year structure built data.

Mortgage Status

 Rhode Island%U.S.
Owner-Occupied Units251,217100%75,484,661
With a Mortgage180,57271.88%, see rank67.13%
Without a Mortgage70,64528.12%, see rank32.87%

*Based on 2008-2012 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Rhode Island
1,924 USD
U.S.
1,559 USD

Owner Costs Distribution
Monthly Owner CostsRhode Island%U.S.
$299 or Less1390.08%, see rank0.18%
$300 to $4999080.50%, see rank1.59%
$500 to $6992,9411.63%, see rank4.89%
$700 to $9999,3925.20%, see rank13.71%
$1,000 to $1,49935,05019.41%, see rank26.97%
$1,500 to $1,99949,47327.40%, see rank20.33%
$2,000 to $2,99959,89633.17%, see rank20.10%
$3,000 or More22,77312.61%, see rank12.24%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Rhode Island
27.00% of the Total Income
U.S.
24.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Rhode Island%U.S.
10% or Less6,5413.62%, see rank5.04%
10% to 20%43,69124.20%, see rank29.70%
20% to 30%54,99830.46%, see rank28.18%
30% to 40%29,70616.45%, see rank14.80%
40% or More45,02524.93%, see rank21.80%

*Based on 2008-2012 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Rhode Island
670 USD
U.S.
449 USD

Owner Costs Distribution
Monthly Owner CostsRhode Island%U.S.
$199 or Less6330.90%, see rank7.99%
$200 to $2991,6512.34%, see rank15.31%
$300 to $49912,47817.66%, see rank35.02%
$500 to $69924,18134.23%, see rank20.88%
$700 or More31,70244.88%, see rank20.80%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Rhode Island
16.10% of the Total Income
U.S.
12.60% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Rhode Island%U.S.
10% or Less18,32725.94%, see rank39.10%
10% to 20%24,03334.02%, see rank31.88%
20% to 30%10,86515.38%, see rank12.59%
30% to 40%6,1428.69%, see rank5.84%
40% or More10,41914.75%, see rank9.41%

*Based on 2008-2012 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Rhode Island%U.S.
Total Housing Units462,603100%131,642,457
1-unit, Detached254,31654.98%, see rank61.70%
1-unit, Attached15,3623.32%, see rank5.79%
2 Units51,93111.23%, see rank3.80%
3 or 4 Units59,73012.91%, see rank4.44%
5 to 9 Units24,5465.31%, see rank4.78%
10 or More Units52,11911.27%, see rank12.89%
Mobile Home, Boat, RV, Van, etc.4,5990.99%, see rank6.60%

*Based on 2008-2012 data. View historical units in structure data.

Rooms

 Rhode Island%U.S.
Total Housing Units462,603100%131,642,457
1 Room9,9902.16%, see rank1.95%
2 Rooms12,7832.76%, see rank2.36%
3 Rooms45,4469.82%, see rank8.97%
4 Rooms79,50517.19%, see rank16.57%
5 Rooms99,56621.52%, see rank20.41%
6 Rooms87,40018.89%, see rank18.25%
7 Rooms53,21911.50%, see rank12.38%
8 Rooms35,3627.64%, see rank8.59%
9 Rooms or More39,3328.50%, see rank10.52%
Median Rooms5.30, see rank-5.50

*Based on 2008-2012 data. View historical rooms data.

Bedrooms

 Rhode Island%U.S.
Total Housing Units462,603100%131,642,457
No Bedroom10,7642.33%, see rank2.16%
1 Bedroom64,19613.88%, see rank11.12%
2 Bedrooms140,35530.34%, see rank26.85%
3 Bedrooms177,66938.41%, see rank39.76%
4 Bedrooms54,63211.81%, see rank15.95%
5 or More Bedrooms14,9873.24%, see rank4.16%

*Based on 2008-2012 data. View historical bedrooms data.

House Heating Fuel

 Rhode Island%U.S.
Total Housing Units410,639100%115,226,802
Utility Gas204,76349.86%, see rank49.42%
Bottled, Tank, or LP Gas8,2042.00%, see rank5.03%
Electricity35,3008.60%, see rank35.51%
Fuel Oil, Kerosene, etc.153,47937.38%, see rank6.46%
Coal or Coke5390.13%, see rank0.12%
Wood6,1051.49%, see rank2.08%
Solar Energy760.02%, see rank0.04%
Other Fuel1,2340.30%, see rank0.43%
No Fuel Used9390.23%, see rank0.90%

*Based on 2008-2012 data. View historical house heating fuel data.

Gross Rent

Monthly RentalRhode Island%U.S.
Occupied Units Paying Rent154,131100%37,562,111
$199 or Less4,0062.60%, see rank1.76%
$200 to $29911,4307.42%, see rank3.29%
$300 to $49912,0167.80%, see rank8.20%
$500 to $69917,26911.20%, see rank17.39%
$700 to $99947,85931.05%, see rank29.40%
$1,000 to $1,49946,15429.94%, see rank25.73%
$1,500 to $1,99910,9497.10%, see rank8.92%
$2,000 or More4,4482.89%, see rank5.30%
Median$908, see rank-$889

*Based on 2008-2012 data. View historical gross rent data.

Vehicle Available

 Rhode Island%U.S.
Occupied Housing Units410,639100%115,226,802
No Vehicles Available39,8969.72%, see rank9.03%
1 Vehicles Available150,00936.53%, see rank33.67%
2 Vehicles Available150,73436.71%, see rank37.64%
3 or More Vehicles Available70,00017.05%, see rank19.66%

*Based on 2008-2012 data. View historical vehicle available data.


 
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