Data report · September 2026
The state of the Rhode Island housing market.
Median home value and city-by-city trends across Rhode Island, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.
Rhode Island median value
$517K
Zillow ZHVI, September 2026
Cities covered
4
with published pages
Report video
Monthly
per city, on each hub
The outlook
Rhode Island housing market forecast 2027
+2.5%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 69 Rhode Island ZIP codes, points to typical home values rising 2.5% by September 2027.
Over the 12 months through September 2026, typical home values in Rhode Island rose 3.9%, per the Zillow Home Value Index.
Will home prices drop in Rhode Island?
The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Rhode Island shows typical home values rising 2.5% by September 2027, after a 3.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 69 Rhode Island ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Metro areas
Which Rhode Island metro areas does Zillow expect to rise or fall?
Zillow's 12-month home value forecast for each metro area whose principal city is in Rhode Island, through September 2027, largest first.
- 1Providence, RI+2.6%
Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.
Where values are climbing
Fastest appreciating Rhode Island cities
- $458KUp4.6%
- $414KUp4.0%
- $416KUp2.5%
- $454KUp2.2%
Where the market is cooling
Fastest cooling Rhode Island cities
- $454KUp2.2%
- $416KUp2.5%
- $414KUp4.0%
- $458KUp4.6%
Priciest markets in the state
Most expensive Rhode Island cities by median value
- $458K
- $454K
- $416K
- $414K
Common questions
What people ask us.
Will home prices go up in Rhode Island in 2027?
A weighted average of Zillow's ZIP forecasts, across 69 Rhode Island ZIP codes, points to typical home values rising 2.5% by September 2027. Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
What is the typical home value in Rhode Island?
The typical home value in Rhode Island is $517,120 as of September 2026, the median Zillow Home Value Index across ZIP codes in the state.
How much have Rhode Island home values changed in the past year?
The median home value in Rhode Island changed +3.9% over the 12 months ending September 2026, based on the Zillow Home Value Index.
Methodology & attribution
Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Rhode Island, as of September 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Rhode Island market index.