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Narragansett Pier

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

Median Home$864,754
Median Rent$1,536/month
Population2,957
Leading IndustriesEducation · Public Administration · Arts, Food & Hospitality5% education
Home Value Growth⬆⬆⬆+26.7% over 2 years
Retirees44% of residentstop 1% nationally
Homeowners59% of occupied units
NotableHighly Educated33% bachelor's · 18% graduate · top 5% nationally
NotableAmenity Score76/100 · highly walkable area
Narragansett Pier
RI

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Frequently Asked Questions

What are today's mortgage rates in Narragansett Pier?

As of today, the 30-year fixed mortgage rate for Narragansett Pier is approximately 6.831% (6.865% 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 Narragansett Pier?

The median home value in Narragansett Pier is $865k. The median monthly rent is $1,536. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Narragansett Pier?

Home values in Narragansett Pier have increased 26.7% 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 Narragansett Pier?

Based on a typical all-in ownership cost of $1,673/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $72k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Narragansett Pier is $81k/year.

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What industries drive the economy in Narragansett Pier?

The largest employment sectors in Narragansett Pier are public administration (31%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.