Best Places to Invest in Rhode Island Real Estate
39 Rhode Island markets ranked from our sold history and per-listing investment modeling. Tap a city for its cap rate, cash flow and price detail — then sign up to see the actual cash-flowing listings.
| City | Median price | Cap rate | Cash flow/mo | Appreciation YoY | Sold (12mo) |
|---|---|---|---|---|---|
| Warwick | $436,000 | 4.0% | $-819 | +2.4% | 1,082 |
| Cranston | $495,000 | 3.4% | $-1,108 | +1.9% | 741 |
| Pawtucket | $450,000 | 3.8% | $-853 | +1.3% | 527 |
| Coventry | $450,000 | 2.8% | $-1,137 | +0.4% | 479 |
| East Providence | $460,000 | 3.4% | $-1,098 | +4.9% | 451 |
| North Providence | $430,000 | 3.6% | $-895 | +0.0% | 402 |
| Woonsocket | $420,000 | 3.3% | $-874 | +2.5% | 354 |
| West Warwick | $425,000 | 3.1% | $-1,013 | -1.6% | 327 |
| North Kingstown | $625,000 | 2.6% | $-2,073 | +1.2% | 281 |
| Johnston | $466,000 | 2.8% | $-1,402 | +5.5% | 280 |
| Newport | $1,050,000 | 1.8% | $-3,820 | -7.1% | 266 |
| Westerly | $590,000 | 2.7% | $-1,816 | +7.8% | 239 |
| Lincoln | $521,500 | 2.8% | $-1,405 | +0.7% | 215 |
| Barrington | $866,000 | 2.4% | $-2,959 | +6.3% | 203 |
| Bristol | $643,000 | 2.7% | $-1,985 | +2.3% | 201 |
| Tiverton | $512,531 | 3.1% | $-1,265 | +0.6% | 190 |
| South Kingstown | $822,159 | 1.6% | $-3,213 | +2.2% | 188 |
| East Greenwich | $700,000 | 1.6% | $-3,127 | +1.8% | 176 |
| Cumberland | $620,000 | 2.4% | $-1,938 | -1.8% | 167 |
| North Smithfield | $490,000 | 1.8% | $-1,810 | +8.3% | 137 |
| Valley Falls | $487,479 | 3.5% | $-1,076 | +2.0% | 133 |
| Charlestown | $644,981 | 2.0% | $-2,545 | +5.0% | 130 |
| Wakefield-Peace Dale | $602,500 | 2.9% | $-1,638 | +0.7% | 108 |
| Cumberland Hill | $513,500 | 3.0% | $-1,358 | -5.5% | 104 |
| Newport East | $705,000 | 2.9% | $-2,036 | +2.6% | 91 |
| Burrillville | $478,500 | 2.0% | $-1,683 | +5.1% | 86 |
| Warren | $525,000 | 2.9% | $-1,382 | +7.5% | 81 |
| Jamestown | $1,150,000 | 1.6% | $-4,345 | -17.0% | 74 |
| Richmond | $620,000 | 1.6% | $-2,280 | +5.5% | 66 |
| Glocester | $520,000 | 1.9% | $-2,057 | -1.4% | 64 |
| Exeter | $630,000 | 2.1% | $-2,157 | +4.2% | 59 |
| West Greenwich | $623,000 | 2.3% | $-2,139 | +11.1% | 58 |
| Central Falls | $530,000 | 5.8% | $-210 | +3.3% | 57 |
| Hopkinton | $487,500 | 1.1% | $-2,711 | +2.5% | 46 |
| Foster | $438,250 | 1.3% | $-2,557 | +6.6% | 42 |
| Middletown | $786,000 | 1.9% | $-3,329 | -6.0% | 38 |
| Little Compton | $1,124,500 | 1.0% | $-6,111 | +22.8% | 36 |
| Pascoag | $442,000 | 3.2% | $-1,036 | +21.1% | 35 |
| Chepachet | $500,000 | 1.5% | $-1,607 | -16.9% | 31 |
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