Washington County, Rhode Island Housing Market Prices
Washington County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 33% above the Rhode Island median Most expensive county in Rhode Island$480,679
-
Median rent 1% below the Rhode Island median$1,327
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Washington County | Rhode Island Avg | US Average |
|---|---|---|---|
| Median Home Price | $480,679 | $360,248 | $248,835 |
| Price Trend (Annual %) | 8.0% | 7.4% | 7.5% |
| Median Gross Rent | $1,327 | $1,341 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washington County is about 33% higher than in Rhode Island. Rent is about 1% lower than the Rhode Island average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Washington County, up about 8.0% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Washington County rose about 26.3% between 2015 and 2024, from $1,050 to $1,327. Over the same span, rent in Rhode Island rose about 45.0%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Washington County.
Buying the median-priced home in Washington County costs roughly 30.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Washington County. The price-to-rent ratio in Rhode Island is about 22.4.
| Metric | Washington County | Rhode Island Avg | US Average |
|---|---|---|---|
| Median Home Price | $480,679 | $360,248 | $248,835 |
| Median Household Income | $108,800 | $88,093 | $80,455 |
| Price-to-Income Ratio | 4.4 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Washington County rose about 68.2%, while median household income rose about 45.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Washington County | Rhode Island Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.4% | 57.8% | 58.5% |
| Rental Rate | 17.8% | 33.0% | 31.2% |
| Vacancy Rate | 20.8% | 9.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Washington County has a homeownership rate of 61.4%, higher than the Rhode Island average of 57.8%. Its housing vacancy rate is 20.8%, compared with 9.1% in Rhode Island.
Housing Stock
| Metric | Washington County | Rhode Island Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.38 people | 2.53 people |
| Median Structure Built Year | 1973 | 1962 | 1978 |
| Median Number of Rooms | 5.9 | 5.4 | 5.5 |
The typical housing unit in Washington County was built around 1973. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Washington County, RI Housing Compared With Nearby Counties
Washington County, RI is the 4th largest of the 5 counties compared here, 130,338 residents against a local median of 211,663. Washington County, RI's median home price, at $480,679, runs 53% above the $314,126 typical of the counties around it.
Homeownership tells the same story from another angle: 77.5% against a local median of 66.3%, 17% above it. The one measure here that carries a verdict is homeownership, and at 17% above the local median it puts Washington County, RI at the better end of the local range. The counties themselves spread $165,612 on median home price, so Washington County, RI sits at one end of an already wide local range rather than apart from it. Washington County, RI has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Washington County, RI | 130,338 | $480,679 #1/5 | $1,327 #3/5 | 77.5% #1/5 |
| Kent County, RI | 171,061 | $327,059 | $1,326 | 73.1% |
| Newport County, RI | 84,657 | $456,969 | $1,713 | 67.9% |
| Providence County, RI | 663,899 | $301,192 | $1,311 | 57.0% |
| Southeastern Connecticut Planning Region, CT | 252,265 | $291,357 | $1,362 | 64.7% |
Frequently Asked Questions
Common questions about the housing market in Washington County, Rhode Island.
What is the median home price in Washington County, Rhode Island?
The median home price in Washington County, Rhode Island is $480,679, higher than the Rhode Island average of $360,248.
What is the average home price in Washington County, Rhode Island?
The typical home price in Washington County, Rhode Island, reported as the median sale price, is $480,679. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Washington County, Rhode Island?
The median gross rent in Washington County, Rhode Island is $1,327 per month, lower than the Rhode Island average of $1,341.
What was the median gross rent in Washington County in 2020?
In 2020, the median gross rent in Washington County, Rhode Island was $1,115 per month.
What is the price-to-rent ratio in Washington County, Rhode Island?
The price-to-rent ratio in Washington County, Rhode Island is about 30.2, meaning it would take roughly 30.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Washington County.
Are home prices or rent rising faster in Washington County, Rhode Island?
Both home prices and rent are rising in Washington County, up about 8.0% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Washington County, Rhode Island?
61.4% of households in Washington County, Rhode Island own their home, higher than the Rhode Island average of 57.8%.
What is the vacancy rate in Washington County, Rhode Island?
The housing vacancy rate in Washington County, Rhode Island is 20.8%, higher than the Rhode Island average of 9.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →