Rhode Island Mortgage Rates & Home Prices (2026)
Median price: $425,000 · Avg. rate: 6.84%
Rhode Island Market Overview
$425,000
Median Home Price
6.84%
Avg. 30-Yr Rate
1.53%
Property Tax Rate
62.3%
Homeownership Rate
Rhode Island's compact geography means most areas feel the influence of Providence and Boston housing demand. RIHousing provides up to $17,500 in DPA through the 10KDPA and Extra Assistance programs. Inventory remains tight, supporting prices.
Estimated Monthly Payment
Median home in Rhode Island (20% down, 30-yr fixed)
$2,945/mo
Principal & Interest$2,226
Property Taxes$542
Home Insurance (est.)$177
Total Monthly (PITI)$2,945
Based on a $425,000 home with 20% down ($340,000 loan) at 6.84%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Rhode Island
- RIHousing First Down Program
- 10KDPA Program
- Extra Assistance DPA
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: RI Rates
30-Year Fixed6.84%
15-Year Fixed6.06%
5/1 ARM (est.)6.09%
FHA 30-Year6.69%
VA 30-Year6.59%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: RI
FHA Loan Limit$472,030
Median Income$74,008
Cost Index1.15x