Market Intelligence · RI
Rhode Island home prices and housing market.
Real market data across 4 cities and 14 ZIP markets in RI. The typical home is worth about $517K.
Updated September 2026Typical value$517K
The typical home value in Rhode Island is $517K as of September 2026, up 3.9% from a year ago, based on the Zillow Home Value Index. In the typical Rhode Island ZIP code, the median list price is $568K and homes spend a median of 39 days on market as of September 2026 (Realtor.com).
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Prices over time
Rhode Island home prices over time
Typical home values in Rhode Island are up 3.9% over the past year, from $498K in September 2025 to $517K in September 2026.
| Month | Typical value | 1-yr change |
|---|---|---|
| September 2026 | $517,120 | +3.9% |
| September 2025 | $497,842 | No prior year |
Typical value is the median Zillow Home Value Index across Rhode Island ZIP codes, taken in September of each year so every row compares the same month.
Market balance
Is Rhode Island a buyer's or seller's market?
Rhode Island leans toward a seller's market.
Relatively few listings have cut their asking price, which usually gives sellers the stronger position.
Based on a median of 39 days on market and 10% of listings with a price cut in the typical Rhode Island ZIP code, and 1,056 new listings against 1,973 active listings across Rhode Island, as of September 2026 (Realtor.com).
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.
Live markets
What housing markets are live in Rhode Island?
As of September 2026
Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of September 2026. 1-yr change compares that median to the same ZIPs a year earlier. More RI markets publish as their data clears editorial QA.
Zillow ZHVI, September 2026
What is next
We track Zillow valuations for 69 RI ZIP codes; 14 are live today and the rest publish as their data and copy clear editorial QA. Your address works everywhere already: enter it on the homepage for a value estimate and cash offers anywhere in Rhode Island.
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Common questions
Questions about Rhode Island home prices.
What is the typical home price in Rhode Island?
The typical home price in Rhode Island is about $517K as of September 2026, based on the Zillow Home Value Index (the median of the index across Rhode Island ZIP codes). In the typical Rhode Island ZIP code, the median list price is $568K as of September 2026 (Realtor.com), which reflects what sellers are asking rather than what homes sell for.
Are home prices going up or down in Rhode Island?
Typical home values in Rhode Island are up 3.9% over the past year, based on the Zillow Home Value Index as of September 2026.
Is Rhode Island a buyer's or seller's market?
Rhode Island leans toward a seller's market. Relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 39 days on market and 10% of listings with a price cut in the typical Rhode Island ZIP code, and 1,056 new listings against 1,973 active listings across Rhode Island, as of September 2026 (Realtor.com).
How long do homes take to sell in Rhode Island?
In the typical Rhode Island ZIP code, homes spend a median of 39 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.
The market is moving