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Quonochontaug

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

Median Home$540,400
Median Rent$1,602/month
Population442
Leading IndustriesProfessional Services · Public Administration · Retail2% professional services
Home Value Growth⬆⬆⬆+23.5% over 2 years
Retirees22% of residentsnear the national average
Homeowners95% of occupied units
NotableHigh Incomes$117k/year · top 10% nationally
NotableTransit80/100 · excellent transit access
Quonochontaug
RI

Frequently Asked Questions

What are today's mortgage rates in Quonochontaug?

As of today, the 30-year fixed mortgage rate for Quonochontaug is approximately 6.919% (6.956% 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 Quonochontaug?

The median home value in Quonochontaug is $540k. The median monthly rent is $1,602. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Quonochontaug?

Home values in Quonochontaug have increased 23.5% 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 Quonochontaug?

Based on a typical all-in ownership cost of $1,825/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Quonochontaug is $117k/year.

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What industries drive the economy in Quonochontaug?

The largest employment sectors in Quonochontaug are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.