It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
Stacker compiled a list of cities with the fastest-growing home prices in Providence using data from Zillow. Cities are ranked by 1-year price change as of April 2022. The charts in this story were created automatically using Matplotlib. The typical home value in the United States increased over the last year by +20.9% to $334,141.
You may also like: Where people in Providence are moving to most
#30. Norton, MA
– 1-year price change: +$68,089 (+15.5%)
– 5-year price change: +$162,526 (+47.2%)
– Typical home value: $506,941 (#24 most expensive city in metro)
#29. Freetown, MA
– 1-year price change: +$68,431 (+15.7%)
– 5-year price change: +$170,824 (+51.4%)
– Typical home value: $503,246 (#25 most expensive city in metro)
#28. North Attleboro, MA
– 1-year price change: +$69,424 (+15.2%)
– 5-year price change: +$168,958 (+47.2%)
– Typical home value: $527,291 (#20 most expensive city in metro)
#27. Dartmouth, MA
– 1-year price change: +$71,107 (+15.7%)
– 5-year price change: +$186,041 (+55.0%)
– Typical home value: $524,205 (#22 most expensive city in metro)
#26. Westport, MA
– 1-year price change: +$71,206 (+14.6%)
– 5-year price change: +$173,198 (+44.7%)
– Typical home value: $560,481 (#15 most expensive city in metro)
You may also like: Highest-rated fine dining restaurants in Providence, according to Tripadvisor
#25. Richmond, RI
– 1-year price change: +$72,021 (+19.3%)
– 5-year price change: +$161,668 (+57.0%)
– Typical home value: $445,216 (#35 most expensive city in metro)
#24. Rehoboth, MA
– 1-year price change: +$72,676 (+14.7%)
– 5-year price change: +$187,308 (+49.2%)
– Typical home value: $567,939 (#14 most expensive city in metro)
#23. Easton, MA
– 1-year price change: +$75,583 (+14.2%)
– 5-year price change: +$194,429 (+47.0%)
– Typical home value: $608,008 (#10 most expensive city in metro)
#22. Raynham, MA
– 1-year price change: +$76,540 (+16.2%)
– 5-year price change: +$182,581 (+50.0%)
– Typical home value: $547,597 (#16 most expensive city in metro)
#21. Berkley, MA
– 1-year price change: +$77,836 (+16.6%)
– 5-year price change: +$185,447 (+51.4%)
– Typical home value: $546,523 (#17 most expensive city in metro)
You may also like: Highest-earning zip codes in Providence metro area
#20. Foster, RI
– 1-year price change: +$78,859 (+21.0%)
– 5-year price change: +$155,456 (+52.1%)
– Typical home value: $453,881 (#34 most expensive city in metro)
#19. Mansfield, MA
– 1-year price change: +$80,809 (+14.8%)
– 5-year price change: +$191,061 (+43.9%)
– Typical home value: $625,941 (#9 most expensive city in metro)
#18. Kingston, RI
– 1-year price change: +$81,084 (+17.8%)
– 5-year price change: +$192,893 (+55.9%)
– Typical home value: $537,879 (#18 most expensive city in metro)
#17. North Kingstown, RI
– 1-year price change: +$82,068 (+18.1%)
– 5-year price change: +$192,116 (+56.0%)
– Typical home value: $535,224 (#19 most expensive city in metro)
#16. Tiverton, RI
– 1-year price change: +$84,425 (+22.4%)
– 5-year price change: +$169,166 (+58.0%)
– Typical home value: $460,767 (#32 most expensive city in metro)
You may also like: People from these metros are finding new jobs in Providence
#15. Warren, RI
– 1-year price change: +$85,335 (+23.9%)
– 5-year price change: +$165,456 (+59.8%)
– Typical home value: $442,159 (#36 most expensive city in metro)
#14. Westerly, RI
– 1-year price change: +$88,494 (+20.4%)
– 5-year price change: +$191,786 (+57.9%)
– Typical home value: $523,127 (#23 most expensive city in metro)
#13. South Kingstown, RI
– 1-year price change: +$90,551 (+18.6%)
– 5-year price change: +$213,763 (+58.6%)
– Typical home value: $578,621 (#13 most expensive city in metro)
#12. Bristol, RI
– 1-year price change: +$95,481 (+23.5%)
– 5-year price change: +$180,699 (+56.2%)
– Typical home value: $502,507 (#26 most expensive city in metro)
#11. Portsmouth, RI
– 1-year price change: +$104,140 (+21.4%)
– 5-year price change: +$214,057 (+56.8%)
– Typical home value: $590,789 (#12 most expensive city in metro)
You may also like: Highest-rated Mexican restaurants in Providence, according to Tripadvisor
#10. Charlestown, RI
– 1-year price change: +$106,132 (+21.5%)
– 5-year price change: +$238,344 (+65.7%)
– Typical home value: $600,872 (#11 most expensive city in metro)
#9. Exeter, RI
– 1-year price change: +$111,426 (+26.9%)
– 5-year price change: +$198,632 (+60.8%)
– Typical home value: $525,129 (#21 most expensive city in metro)
#8. Barrington, RI
– 1-year price change: +$129,094 (+24.1%)
– 5-year price change: +$238,545 (+56.0%)
– Typical home value: $664,664 (#7 most expensive city in metro)
#7. East Greenwich, RI
– 1-year price change: +$130,797 (+23.7%)
– 5-year price change: +$237,372 (+53.2%)
– Typical home value: $683,819 (#6 most expensive city in metro)
#6. Narragansett, RI
– 1-year price change: +$142,169 (+23.2%)
– 5-year price change: +$304,899 (+67.8%)
– Typical home value: $754,737 (#5 most expensive city in metro)
You may also like: Dogs available for adoption in Providence
#5. Middletown, RI
– 1-year price change: +$147,306 (+28.7%)
– 5-year price change: +$249,418 (+60.7%)
– Typical home value: $660,461 (#8 most expensive city in metro)
#4. Little Compton, RI
– 1-year price change: +$154,265 (+22.6%)
– 5-year price change: +$262,933 (+45.7%)
– Typical home value: $837,792 (#3 most expensive city in metro)
#3. Newport, RI
– 1-year price change: +$159,043 (+25.3%)
– 5-year price change: +$310,374 (+65.0%)
– Typical home value: $787,719 (#4 most expensive city in metro)
#2. Jamestown, RI
– 1-year price change: +$194,521 (+25.7%)
– 5-year price change: +$349,855 (+58.3%)
– Typical home value: $950,249 (#2 most expensive city in metro)
#1. New Shoreham, RI
– 1-year price change: +$281,031 (+22.3%)
– 5-year price change: +$473,909 (+44.3%)
– Typical home value: $1,543,839 (#1 most expensive city in metro)
You may also like: Highest-rated seafood restaurants in Providence, according to Tripadvisor
This story originally appeared on ZeroDown and was produced and distributed in partnership with Stacker Studio.