Is Rhode Island Overvalued?

Rhode Island home values are up 3.8% year-over-year

OpenRoof Score

Current 12-month forecasts are under data-integrity review and are not certified. Some used a supply input without a verified sales denominator. Scores that use forecasts, including correction risk and OpenRoof Score, may be affected. Input confidence is not calibrated accuracy.

Buy

Primarily supported by recovery / resilience

Key Market Data — Rhode Island

Typical Home Value

$572,990

Source: Zillow ZHVI

Home Value YoY

+3.79%

Source: Zillow ZHVI

Avg Monthly Rent

$2,313/mo

Source: Zillow ZORI

Rent YoY

+5.14%

Source: Zillow ZORI

Top Metro Markets in Rhode Island

Providence-Warwick, RI-MA
+3.8%

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Data sources: Zillow ZHVI (home values, updated mid-month), Zillow ZORI (rent, updated mid-month), Realtor.com (inventory, days on market, updated 1st week of month), U.S. Census ACS (income, population, updated annually). Data as of September 2026.