Rhode Island Real Estate
According to census data in the year 2000 there were 439,837 housing units in Rhode Island.
This represents a 6.1% from 414,572 in 1990.
Of those housing units, 399,724 were located in either urbanized areas or urban clusters, and 40,113 were located in what is classified as a rural area.
Homeownership rate in Rhode Island is about 60%.
Rhode Island's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in Rhode Island were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.9% |
| One Bedroom | 15% |
| Two Bedrooms | 31% |
| Three Bedrooms | 37.6% |
| Four Bedrooms | 11.4% |
| Five Bedrooms or more | 3.1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $133,000 |
| Median Price asked for vacant units | $124,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $497 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 7.2% |
| Home Equity Loan | 9.9% |
| Simple Mortgage | 53.0% |
| Debt Free | 29.5% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
Cities & Towns
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