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.
The typical home value in the United States was $360,310 in May, 3.9% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 3, the 30-year fixed mortgage rate sits at 6.95%.
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 Rhode Island using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of May 2024. The charts in this story were created automatically using Matplotlib.
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#30. Cranston
– Typical home value: $419,872
– 1-year price change: +7.8%
– 5-year price change: +54.6%
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#29. Burrillville
– Typical home value: $434,342
– 1-year price change: +8.0%
– 5-year price change: +54.6%
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#28. Hopkinton
– Typical home value: $452,077
– 1-year price change: +8.0%
– 5-year price change: +56.6%
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#27. Smithfield
– Typical home value: $478,482
– 1-year price change: +9.0%
– 5-year price change: +54.0%
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#26. Glocester
– Typical home value: $480,240
– 1-year price change: +11.2%
– 5-year price change: +58.6%
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#25. Cumberland
– Typical home value: $484,453
– 1-year price change: +8.4%
– 5-year price change: +51.6%
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#24. Richmond
– Typical home value: $490,833
– 1-year price change: +9.0%
– 5-year price change: +57.5%
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#23. North Smithfield
– Typical home value: $492,596
– 1-year price change: +7.3%
– 5-year price change: +50.7%
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#22. Warren
– Typical home value: $497,285
– 1-year price change: +12.0%
– 5-year price change: +62.7%
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#21. Tiverton
– Typical home value: $501,796
– 1-year price change: +6.2%
– 5-year price change: +53.3%
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#20. Foster
– Typical home value: $503,587
– 1-year price change: +9.2%
– 5-year price change: +52.0%
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#19. Scituate
– Typical home value: $515,253
– 1-year price change: +8.1%
– 5-year price change: +54.7%
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#18. Lincoln
– Typical home value: $519,697
– 1-year price change: +8.0%
– 5-year price change: +53.3%
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#17. West Greenwich
– Typical home value: $532,386
– 1-year price change: +5.5%
– 5-year price change: +53.9%
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#16. Exeter
– Typical home value: $552,116
– 1-year price change: +4.5%
– 5-year price change: +49.4%
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#15. Westerly
– Typical home value: $556,093
– 1-year price change: +6.6%
– 5-year price change: +57.5%
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#14. Bristol
– Typical home value: $564,576
– 1-year price change: +10.0%
– 5-year price change: +54.9%
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#13. North Kingstown
– Typical home value: $595,741
– 1-year price change: +8.2%
– 5-year price change: +58.2%
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#12. Kingston
– Typical home value: $603,066
– 1-year price change: +7.7%
– 5-year price change: +58.6%
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#11. Portsmouth
– Typical home value: $632,616
– 1-year price change: +7.3%
– 5-year price change: +57.7%
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#10. South Kingstown
– Typical home value: $647,902
– 1-year price change: +6.2%
– 5-year price change: +62.0%
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#9. Charlestown
– Typical home value: $667,183
– 1-year price change: +10.3%
– 5-year price change: +69.6%
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#8. Middletown
– Typical home value: $694,257
– 1-year price change: +6.8%
– 5-year price change: +60.0%
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#7. Barrington
– Typical home value: $723,447
– 1-year price change: +9.0%
– 5-year price change: +58.8%
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#6. East Greenwich
– Typical home value: $745,150
– 1-year price change: +7.6%
– 5-year price change: +58.7%
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#5. Narragansett
– Typical home value: $755,114
– 1-year price change: +5.5%
– 5-year price change: +64.5%
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#4. Newport
– Typical home value: $844,164
– 1-year price change: +6.3%
– 5-year price change: +56.4%
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#3. Little Compton
– Typical home value: $938,144
– 1-year price change: +10.6%
– 5-year price change: +68.0%
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#2. Jamestown
– Typical home value: $1,053,436
– 1-year price change: +9.0%
– 5-year price change: +66.8%
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#1. New Shoreham
– Typical home value: $1,647,685
– 1-year price change: +10.5%
– 5-year price change: +72.1%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
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