Purchasing a home is one of the most important investments there is. More than a place to live,
homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability
plays a huge role for buyers. High mortgage rates are also making monthly payments more expensive; as of May 4, the 30-year fixed mortgage rate sits at 6.39%.
The typical home value in the United States increased over the last year by 3% to $334,994.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others.
Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Providence metro area using data from Zillow.
Cities are ranked by the Zillow Home Values Index for all homes as of March 2023. The ZHVI represents a seasonally adjusted price for the middle market for all homes. Data was available for 63 cities and towns in Providence.
Charts for each city show the monthly typical home value since January 2018.

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Stacker

#30. Lincoln, RI

– Typical home value: $468,543
– 1-year price change: +4.8%
– 5-year price change: +38.9%

Stacker

#29. Seekonk, MA

– Typical home value: $481,135
– 1-year price change: +3.2%
– 5-year price change: +31.0%

Stacker

#28. West Greenwich, RI

– Typical home value: $485,224
– 1-year price change: +6.9%
– 5-year price change: +46.9%

Stacker

#27. Bristol, RI

– Typical home value: $489,075
– 1-year price change: +5.4%
– 5-year price change: +42.0%

Stacker

#26. Norton, MA

– Typical home value: $495,761
– 1-year price change: +3.5%
– 5-year price change: +31.5%

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Stacker

#25. Dighton, MA

– Typical home value: $499,046
– 1-year price change: +3.7%
– 5-year price change: +37.0%

Stacker

#24. Freetown, MA

– Typical home value: $500,110
– 1-year price change: +4.4%
– 5-year price change: +37.9%

Stacker

#23. Westerly, RI

– Typical home value: $501,481
– 1-year price change: +5.7%
– 5-year price change: +51.7%

Stacker

#22. Exeter, RI

– Typical home value: $509,603
– 1-year price change: +6.2%
– 5-year price change: +45.7%

Stacker

#21. North Attleboro, MA

– Typical home value: $509,926
– 1-year price change: +3.7%
– 5-year price change: +34.8%

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Stacker

#20. Dartmouth, MA

– Typical home value: $519,263
– 1-year price change: +5.3%
– 5-year price change: +39.2%

Stacker

#19. North Kingstown, RI

– Typical home value: $525,945
– 1-year price change: +6.0%
– 5-year price change: +47.7%

Stacker

#18. Kingston, RI

– Typical home value: $529,107
– 1-year price change: +6.6%
– 5-year price change: +36.1%

Stacker

#17. Berkley, MA

– Typical home value: $536,900
– 1-year price change: +4.2%
– 5-year price change: +38.7%

Stacker

#16. Raynham, MA

– Typical home value: $543,417
– 1-year price change: +3.1%
– 5-year price change: +30.7%

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Stacker

#15. Rehoboth, MA

– Typical home value: $555,270
– 1-year price change: +4.8%
– 5-year price change: +40.4%

Stacker

#14. Westport, MA

– Typical home value: $555,496
– 1-year price change: +3.1%
– 5-year price change: +34.9%

Stacker

#13. Portsmouth, RI

– Typical home value: $573,093
– 1-year price change: +3.8%
– 5-year price change: +45.9%

Stacker

#12. South Kingstown, RI

– Typical home value: $577,043
– 1-year price change: +7.9%
– 5-year price change: +57.3%

Stacker

#11. Charlestown, RI

– Typical home value: $578,577
– 1-year price change: +4.5%
– 5-year price change: +52.1%

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Stacker

#10. Easton, MA

– Typical home value: $596,482
– 1-year price change: +5.6%
– 5-year price change: +40.3%

Stacker

#9. Mansfield, MA

– Typical home value: $608,945
– 1-year price change: +5.1%
– 5-year price change: +31.2%

Stacker

#8. Middletown, RI

– Typical home value: $623,530
– 1-year price change: +7.7%
– 5-year price change: +53.2%

Stacker

#7. Barrington, RI

– Typical home value: $639,952
– 1-year price change: +7.1%
– 5-year price change: +43.3%

Stacker

#6. East Greenwich, RI

– Typical home value: $664,515
– 1-year price change: +5.7%
– 5-year price change: +40.7%

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Stacker

#5. Narragansett, RI

– Typical home value: $701,131
– 1-year price change: +6.2%
– 5-year price change: +62.0%

Stacker

#4. Newport, RI

– Typical home value: $761,243
– 1-year price change: +4.8%
– 5-year price change: +64.0%

Stacker

#3. Little Compton, RI

– Typical home value: $818,944
– 1-year price change: +4.1%
– 5-year price change: +46.6%

Stacker

#2. Jamestown, RI

– Typical home value: $926,667
– 1-year price change: +3.9%
– 5-year price change: +47.0%

Stacker

#1. New Shoreham, RI

– Typical home value: $1,475,409
– 1-year price change: +6.9%
– 5-year price change: +59.1%

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This story was written by Stacker and has been re-published pursuant to a CC BY-NC 4.0 License.

This post was originally published on this site

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