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Rhode Island Real Estate


According to census data in the year 2000 there were 439,837 housing units in Rhode Island. This represents a 6.1% from 414,572 in 1990.

Of those housing units, 399,724 were located in either urbanized areas or urban clusters, and 40,113 were located in what is classified as a rural area.

Homeownership rate in Rhode Island is about 60%. Rhode Island's vacancy rate, including seasonal lodging, is about 7.1%. Average household size is 2.47 people.

The majority of houses, apartments or condos in Rhode Island were built after 1958.

Statistics

Housing Size

Housing Units by Size
Studio Type1.9%
One Bedroom15%
Two Bedrooms31%
Three Bedrooms37.6%
Four Bedrooms11.4%
Five Bedrooms or more3.1%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1959
Median Value of occupied units$133,000
Median Price asked for vacant units$124,500

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1954
Median Monthly Rent asked for vacant units$497

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage7.2%
Home Equity Loan9.9%
Simple Mortgage53.0%
Debt Free29.5%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.4%

Cities & Towns


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