Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$683,840+5.9% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 11% have cut their price
Income needed to buy, per year$148,242About 1.4× the local median income ($105,806): a stretch for a typical household
Days on market41 daysFaster than a year ago: sellers have the edge
Next 12 months+2.6%Zillow expects prices to rise slightly
The typical home in Washington County, RI is worth $683,840, up 5.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $553,154, so the area is 23.6% overvalued. It is a balanced market, leaning toward sellers: homes take about 41 days to sell, listings are up 25% from a year ago, 11% of listings have had a price cut. Zillow expects prices to rise about 2.6% over the next year. A household needs about $148,242 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $105,806. Typical rent is $2,460 a month, or $3,456 for a house. In the latest IRS figures, 44 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$683,840
Change in 1 year
+5.9%
Overvalued %
+23.6%
Show 7 more
Fair home value
$553,154
Change in 5 years
+38.3%
Zillow forecast, next 12 months
+2.6%
Home value to income
6.5×
Monthly mortgage payment (20% down)
$3,706
Income needed to afford it
$148,242
Property tax rate
1.00%
Rent and investing
Typical rent
$2,460
Typical rent for houses
$3,456
Price-to-rent ratio
23.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,863
Gross rental yield
4.32%
Cap rate (estimate)
2.81%
Market activity
Listings vs a year ago
+25.2%
Days on market
41
Listings with a price cut
11.0%
Show 3 more
Homes for sale
383
Pending sales per 100 listings
53
Asking price per sq ft
$516
People and jobs
Median household income
$105,806
Population change (1 year)
−0.1%
Unemployment rate
4.4%
Show 4 more
Population
129,795
Income adjusted for cost of living
$103,935
Net moves in (IRS)
−44
Cost of living (US = 100)
101.8
Schools, risk and environment
School rating (1 to 10)
8.5
FEMA hazard risk score (0 to 100)
64.0
Unhealthy air days a year
4
Show 4 more
Flood risk score
76.2
Wildfire risk score
23.1
Walkability (1 to 20)
9.0
Road, rail and air noise
53 dB
Questions people ask
Is Washington County, RI overvalued?
Home prices in Washington County, RI are well above what local incomes have historically supported: fair value is about $553,154, so the area is 23.6% overvalued.
Is Washington County, RI a buyer's or seller's market?
Washington County, RI is a balanced market, leaning toward sellers: homes take about 41 days to sell, listings are up 25% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Washington County, RI?
Home values in Washington County, RI are up 5.9% over the last year. Zillow's forecast for the next 12 months is +2.6%.
How much do you need to earn to buy a home in Washington County, RI?
A household needs about $148,242 a year to afford the typical home in Washington County, RI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $105,806.