Safe Rate Local
Learn about the people, housing, costs and businesses across Rhode Island
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Rhode Island.
True all-in cost — P&I, taxes, insurance & utilities for homes in Rhode Island.
Find and compare lenders active near Rhode Island.
FEMA flood zones and flood insurance estimates for Rhode Island.
Seismic risk and earthquake insurance estimates for Rhode Island.
Wildfire exposure and insurance estimates for Rhode Island.
As of today, the 30-year fixed mortgage rate for Rhode Island is approximately 6.831% (6.849% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for Rhode IslandThe median home value in Rhode Island is $430k. The median monthly rent is $1,410. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Rhode Island have increased 21.6% 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.
Based on a typical all-in ownership cost of $1,654/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rhode Island is $94k/year.
Calculate your buying powerThe largest employment sectors in Rhode Island are public administration (26%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.