Homes for Sale in Rhode Island, RI Real Estate

Looking for a perfect home for sale in Rhode Island RI? Look no further!

3 Beds
3 Baths
1792 Sqft

96 Burnt Swamp Rd, Cumberland, RI 02864

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3 Beds
2 Baths
1728 Sqft

028 Narragansett Ave., Portsmouth, RI 02872

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106278 Sqft

King - Lot 1, Tiverton, RI 02871

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126950 Sqft

King, Lot 2, Tiverton, RI 02871

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2 Beds
2 Baths
1224 Sqft

15 Chace Ave, Warren, RI 02885

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4 Beds
3 Baths
3168 Sqft

5 Elder Ballou Meeting House, Cumberland, RI 02864

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5 Beds
2 Baths
2480 Sqft

775 3Rd Ave, Woonsocket, RI 02895

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4 Beds
3 Baths
4858 Sqft

3609 Diamond Hill Road, Cumberland, RI 02864

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Rhode Island, affectionately known as the Ocean State, offers a captivating blend of picturesque landscapes, rich history, and vibrant communities. As the real estate market continues to evolve, individuals are increasingly drawn to owning homes in this charming New England state.

On this page, we will delve into the current state of the Rhode Island real estate market, explore the reasons that make Rhode Island an attractive place to live, and shed light on the unique features that set this state apart.

Rhode Island Homes for Sale

Frequently Asked Questions for Rhode Island

What is the average price of homes for sale in Rhode Island?

The average price of homes for sale in Rhode Island is and it falls within a competitive range, making it an attractive option for homebuyers.

Are prices of homes for sale dropping in Rhode Island?

Yes, there has been a slight decline in prices of homes for sale, offering a favorable moment for potential buyers.

How can I find affordable homes for sale in RI?

Prospective buyers can explore various government initiatives and programs that provide support for affordable homeownership.

How many islands are there in Rhode Island?

Contrary to its name, Rhode Island only has the mainland and Aquidneck Island.

What is Rhode Island famous for?

Rhode Island is renowned for its historical significance, its homes for sale surrounded by scenic coastline, and being the birthplace of the Industrial Revolution in the US.

Current State of the Rhode Island Real Estate Market

The Rhode Island real estate market has been dynamic in recent years, with fluctuations in home prices. As of the latest reports, there has been a slight decline in home prices, offering potential buyers an opportune moment to enter the market. However, it is essential to note that the overall market conditions may vary depending on the location and type of property.

The Average price of homes for sale in Rhode Island?

The average price of homes for sale in Rhode Island hovers around $435,000, which is the mid-range when compared to other states in the US. As of the most recent data, the average price for a home in Rhode Island is within a competitive range, making its real estate market an appealing option for homebuyers seeking value for their investment.

The Appeal of Living in Rhode Island

Living in Rhode Island offers a unique appeal with its scenic beauty, embracing the title of the "Ocean State" with stunning coastlines and a plethora of water activities. Its homes for sale enjoy a close-knit community feel that creates a welcoming atmosphere. Culture, Rhode Island celebrates its diverse heritage through festivals and landmarks, while its culinary delights, including clam chowder and lobster rolls, satisfy food enthusiasts. 

How to Get Affordable Homes for Sale in RI?

State and local government initiatives, along with federal programs, aim to provide support and opportunities for affordable homeownership. Prospective buyers can explore down payment assistance programs and mortgage assistance options to make homeownership more achievable. Affordable options of homes for sale can be found in various regions of Rhode Island.

Which State is RI?

Rhode Island, often abbreviated as RI, is a state located in the New England region of the United States. Despite its small size, it holds significant historical and cultural significance. The state thrives on arts and entertainment, boasting galleries, theaters, and prestigious institutions like RISD, making homes for sale in this state an exquisite option.

Why is Rhode Island Called Rhode Island?

The origin of the name "Rhode Island" is intriguing. It is widely believed that Dutch explorer Adriaen Block first named the area "Roodt Eylandt" due to its reddish appearance. Over time, the name evolved into "Rhode Island."

How Many Islands are in RI?

The state has the mainland and one significant island called Aquidneck Island. Rhode Island is often referred to as the "Ocean State", but despite its name, it only has one major island. Aquidneck Island is home to the cities of Newport, Middletown, and Portsmouth.

While there are a few smaller islets and rocks scattered along the coast, Aquidneck Island is the primary island of Rhode Island. With its extensive coastline, Rhode Island offers various coastal properties for sale, including beachfront homes for sale and waterfront estates. Living by the ocean allows for breathtaking views and easy access to water-related activities. 

What is Rhode Island Famous For?

Rhode Island, the smallest state in the US, is famous for its rich history, playing a pivotal role in the American Revolution. It boasts over 400 miles of coastline, offering stunning beaches and picturesque landscapes. Culinary delights include seafood favorites like clam chowder and lobster rolls. Providence WaterFire events enchant visitors with their unique art installation of bonfires on the rivers.

Newport showcases opulent Gilded Age mansions, and the state's innovation spans healthcare, technology, and manufacturing. Rhode Island's charm lies in its quaint New England ambiance, diverse cultural festivals, and vibrant arts scene, making its homes for sale a captivating destination for all.

Rhode Island ZIP Code Information

When considering homes for sale in Rhode Island it is good to get familiar with the multiple ZIP codes assigned to different cities and towns throughout the state. Here are some examples of ZIP codes for various areas in Rhode Island:

  • Providence: 02901, 02903, 02904, 02905, 02906, 02907, 02908, 02909, 02910, 02911
  • Newport: 02840, 02841
  • Warwick: 02886, 02887
  • Cranston: 02905, 02907, 02910
  • Pawtucket: 02860, 02861, 02862
  • East Providence: 02914, 02915, 02916
  • Woonsocket: 02895
  • North Kingstown: 02852
  • South Kingstown: 02879
  • Westerly: 02891

Cities in Rhode Island

Providence, the state's capital, is a vibrant city with a thriving arts scene, historic architecture, and renowned institutions like Brown University and RISD. Newport, famous for its Gilded Age mansions and scenic waterfront, attracts visitors with its maritime heritage. Warwick, located on the Narragansett Bay, offers a balance of urban amenities and suburban living. Pawtucket, known for its industrial past, now boasts artistic flair and hosts the popular Pawtucket Red Sox baseball team.

Cranston, with its diverse neighborhoods, features lovely parks and a family-friendly atmosphere. Woonsocket, nestled along the Blackstone River, reflects its mill town roots while embracing a modern identity. Other notable cities in Rhode Island include East Providence, North Kingstown, South Kingstown, and Westerly, each contributing to the state's unique charm and appeal.  Rhode Island is home to several charming cities, each offering its unique properties for sale, culture, and community.

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