Real Estate Investing in Rhode Island

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

8 counties • 50 cities • Landlord Friendliness: 4/5

3.0/ 5

Investability

Top ZIPs average

4.0/ 5

Appreciation

8.8% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Landlord Friendliness: Rhode Island

★ ★ ★ ★ ★ 4/5
Eviction Speed Fast 5 days
Rent Control No rent control (prohibited)
Security Deposit 1 month max

📊 Rhode Island Market Overview

Median Home Value $487,363
1-Year CAGR +2.9%
5-Year CAGR +8.8%
10-Year CAGR +7.5%

Investing in Rhode Island Real Estate

Rhode Island covers 50 cities and a sizable population, but its aggregate investment metrics skew soft — this is a state that demands genuine local knowledge before capital commits.

Rent trends across Rhode Island have been soft, and price trends have been mixed — a combination that compresses realized returns well below headline cap rates.

The regulatory environment in Rhode Island isn't unusually hostile, but in distressed conditions the ordinary costs of compliance and enforcement compound in ways that screen data doesn't capture.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Free to search · investor plans from $19/mo
Avg Home Value $487,363
Cities Tracked 50
ZIP Codes 81

Market Trends — Rhode Island

Statewide Home Value History

$510K$445K$381K$317K$252K$188KNov 2005Nov 2015Oct 2025

Statewide Rent History

$2,399$2,155$1,912$1,669$1,426$1,183Jun 2016Jun 2021Jun 2026

Top ZIP Codes in Rhode Island

02860 Pawtucket $398,939 ★ ★ ★ ★ ★ 02909 Providence $390,149 ★ ★ ★ ★ ★ 02895 Woonsocket $393,571 ★ ★ ★ ★ ★ 02908 Providence $424,891 ★ ★ ★ ★ ★ 02864 Cumberland $529,200 ★ ★ ★ ★ ★ 02920 Cranston $461,019 ★ ★ ★ ★ ★ 02816 Coventry $465,941 ★ ★ ★ ★ ★ 02904 Providence $405,983 ★ ★ ★ ★ ★ 02907 Providence $407,538 ★ ★ ★ ★ ★ 02893 West Warwick $411,870 ★ ★ ★ ★ ★ 02886 Warwick $431,289 ★ ★ ★ ★ ★ 02919 Johnston $459,974 ★ ★ ★ ★ ★

🎓 Education in Rhode Island

🏫 Top K-12 Schools

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🎓 Top Colleges & Universities

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📊 Explore More for Rhode Island

🏠 Landlord-Friendly States 💰 Lowest Property Tax States 📈 Best States for Investing 💼 Career Paths & Salaries 📚 Degree Programs 🎓 Rhode Island Colleges

Counties in Rhode Island

Providence County (34 ZIPs) Kent County (8 ZIPs) Washington County (18 ZIPs) Newport County (6 ZIPs) Bristol County (3 ZIPs) Providence (8 ZIPs) Newport (2 ZIPs) Washington (2 ZIPs)

Major Cities in Rhode Island

Providence (9 ZIPs) Warwick (3 ZIPs) Pawtucket (2 ZIPs) Cranston (3 ZIPs) East Providence (3 ZIPs) Woonsocket (1 ZIPs) Cumberland (1 ZIPs) Coventry (2 ZIPs) West Warwick (1 ZIPs) North Kingstown (2 ZIPs) South Kingstown (2 ZIPs) Johnston (1 ZIPs) Newport (2 ZIPs) Central Falls (1 ZIPs) Bristol (1 ZIPs) Smithfield (2 ZIPs) Westerly (1 ZIPs) East Greenwich (1 ZIPs) Lincoln (1 ZIPs) Portsmouth (1 ZIPs) Barrington (1 ZIPs) Middletown (1 ZIPs) Tiverton (1 ZIPs) Burrillville (4 ZIPs) North Providence (1 ZIPs) Narragansett (1 ZIPs) Scituate (3 ZIPs) North Smithfield (1 ZIPs) Warren (1 ZIPs) Richmond (4 ZIPs) Hopkinton (4 ZIPs) Charlestown (1 ZIPs) Glocester (1 ZIPs) West Greenwich (1 ZIPs) Exeter (1 ZIPs) Foster (1 ZIPs) Jamestown (1 ZIPs) Manville (1 ZIPs) Little Compton (1 ZIPs) Bradford (1 ZIPs)

10 more cities available

Don’t scroll every ZIP in this state by hand — filter the whole state by cap rate, vacancy and appreciation with Pro Search ($19/mo), and get a weekly alert when your shortlist moves (Investor Pro+). See plans →

Not planning to self-manage? We list 8 property management companies in Rhode Island — searchable by county, with focus and specialties. Browse property managers →

Popular Neighborhoods in Rhode Island

Harrisville Burrillville (4 ZIPs) Pascoag Burrillville (4 ZIPs) Arnold Mills Cumberland (1 ZIP) Ashton Cumberland (1 ZIP) Ballou District Cumberland (1 ZIP) Berkeley Cumberland (1 ZIP) Cumberland Hill Cumberland (1 ZIP) Diamond Hill Cumberland (1 ZIP) Grants Mills Cumberland (1 ZIP) Lippett Estates Cumberland (1 ZIP) Monestary Heights Cumberland (1 ZIP) North Cumberland Cumberland (1 ZIP) Thompson Hill Cumberland (1 ZIP) Valley Falls Cumberland (1 ZIP) Riverside East Providence (3 ZIPs) Rumford East Providence (3 ZIPs) Ashaway Hopkinton (4 ZIPs) Hope Valley Hopkinton (4 ZIPs) Bellevue Avenue and Estates Newport (2 ZIPs) Broadway Newport (2 ZIPs) Downtown Newport (2 ZIPs) Eustis/Easton's Pond Newport (2 ZIPs) Fifth Ward Newport (2 ZIPs) Harbor/Lower Thames Newport (2 ZIPs) Historic Hill Newport (2 ZIPs)

Frequently Asked Questions About Rhode Island Real Estate

How does, RI stack up for property investment?

The /5 investability rating in, RI reflects its $487K prices and rents. Investors generally consider it a solid option within RI.

What do landlords charge for rent in, RI?

Investors in, RI typically see rents near per month against $487K home values - a solid setup for rental cash flow.

How quickly do rentals get leased in, RI?

Vacancy in, RI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at.

How does, RI compare to the RI average?

, RI comes in broadly in line with on the RI comparison. Specific drivers include $487K prices and rents.

Find Your Next Investment in Rhode Island

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