Rhode Island

Property for sale in Rhode Island

Rhode Island is in the New England region and its capital is Providence.

It borders to the north and east with Massachusetts, to the west with Connecticut and to the south with Rhode Island Sound and the Atlantic Ocean.

The average value of a property for sale in Rhode Island rose 8.5% in the last year and is expected to increase by 7.2% by next year.

Rhode Island is very popular between residents of neighbouring states. The historic Newport, located on the Aquidneck Island in the beautiful Narragansett Bay, is famous for its stately mansions built in the 1800s as "summer cottages" by the Vanderbilt, Astor and other rich industrial families in the Northeast.

Providence is also famous for having the largest number of donut shops in the United States, including more than 50 Dunkin Donuts points across the city.

Rhode Island is a small state that faces some market dynamics such as the booming metropolitan markets like Boston and New York. While sales of properties for sale in Rhode Island have increased for the fifth consecutive year in 2017, with a 6% increase in average prices, there remains a large inventory shortage.

The Rhode Island real estate market is characterized by a lack of economic accessibility and higher demand than supply. Property for sale costs in Rhode Island are 4.1 times higher than average income, while they are only 3.6 times higher at the national level.

The 5 best places to buy a property for sale in Rhode Island with the best home appreciation rates are:

Ashaway that is an unincorporated village in the town of Hopkinton. The community is home to excellent schools.

Hope Valley that is a village in the town of Hopkinton.

Greenville that is a village in the town of Smithfield, part of the Providence metro area , a very interesting place where looking for property for sale in Rhode Island.

Kingston is a village in the south of Kingstown, and is one of the fastest-growing communities in the state and Westerly that is a waterfront community on Rhode Island's southern shore.