Looking to buy a house in Rhode Island? Report says this is the most affordable community

Date: Category:US Views:1 Comment:0


A recent analysis by Realtor.com found that Rhode Island is one of the least affordable states to buy a home, with a median list price in the state of $599,450.

So where can you find a home in the Ocean State that you can actually afford?

By using data from the Zillow Home Value Index (ZHVI) and the U.S. Census Bureau, GoBankingRates compiled a list in July of the least expensive places in each state to buy a home.

In Rhode Island, you’ll have to head north.

Where is the cheapest place to buy a home in Rhode Island?

According to GoBankingRates, the cheapest place to buy a home in Rhode Island is Central Falls.

The 2025 ZHVI is $393,251, which is still more than the typical home value in the U.S. of $367,711, according to Zillow.

Central Fall is the hometown of actress Viola Davis.

A "For Rent, For Sale" sign is seen outside of a home in Washington, U.S., July 7, 2022. REUTERS/Sarah Silbiger
A "For Rent, For Sale" sign is seen outside of a home in Washington, U.S., July 7, 2022. REUTERS/Sarah Silbiger

Where is the cheapest place to buy a home in New England?

According to the analysis, here are the cheapest places to buy a home in each New England state.

State

Cheapest place

Zillow Home Value Index

Connecticut

Hartford

$261,785

Maine

Van Buren

$103,455

Massachusetts

North Adams

$243,572

New Hampshire

Groveton

$159,727

Rhode Island

Central Falls

$393,251

Vermont

Orleans

$158,790

This article originally appeared on The Providence Journal: Where is the cheapest town to buy a home in RI? List says Pawtucket

Comments

I want to comment

◎Welcome to participate in the discussion, please express your views and exchange your opinions here.