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Glocester

Learn about the people, housing, costs and businesses in Glocester, Rhode Island

Median Home$391,950
Median Rent$1,443/month
Population10,221
Leading IndustryEducation2% of local workforce
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults28% of residentsnear the national average
Homeowners91% of occupied units
NotableHigh Incomes$112k/year · top 25% nationally
Glocester
RI

Frequently Asked Questions

What are today's mortgage rates in Glocester?

As of today, the 30-year fixed mortgage rate for Glocester is approximately 6.865% (6.900% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Glocester?

The median home value in Glocester is $392k. The median monthly rent is $1,443. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Glocester?

Home values in Glocester have increased 16.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Glocester?

Based on a typical all-in ownership cost of $1,563/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Glocester is $112k/year.

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What industries drive the economy in Glocester?

The largest employment sectors in Glocester are public administration (24%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.