Best Places to Invest in Rhode Island Real Estate
29 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 | $462,000 | 3.7% | $-929 | +3.8% | 2,066 |
| Cranston | $476,000 | 3.3% | $-1,160 | +3.5% | 1,129 |
| East Providence | $518,000 | 3.2% | $-1,285 | +6.1% | 729 |
| Woonsocket | $440,000 | 3.3% | $-1,055 | +2.5% | 663 |
| Pawtucket | $441,000 | 3.8% | $-807 | +0.4% | 601 |
| Providence | $435,000 | 4.2% | $-849 | +3.0% | 548 |
| Newport | $1,107,500 | 2.1% | $-3,715 | +1.1% | 358 |
| Cumberland Hill | $497,000 | 3.3% | $-1,231 | -5.1% | 244 |
| Westerly | $530,000 | 1.8% | $-3,064 | +1.7% | 228 |
| Tiverton | $560,000 | 3.5% | $-1,222 | +1.4% | 221 |
| Valley Falls | $516,500 | 3.3% | $-1,435 | +0.2% | 212 |
| Wakefield-Peace Dale | $670,000 | 2.4% | $-2,122 | +2.6% | 181 |
| Charlestown | $745,000 | 1.7% | $-2,957 | +5.5% | 167 |
| Greene | $500,000 | 2.7% | $-1,578 | +3.1% | 143 |
| Kingston | $704,500 | 2.0% | $-2,438 | -3.4% | 142 |
| Newport East | $785,500 | 2.6% | $-1,940 | +0.5% | 140 |
| Pascoag | $449,950 | 3.0% | $-1,276 | -1.7% | 98 |
| Central Falls | $530,000 | 5.2% | $-367 | +2.6% | 77 |
| Hope Valley | $475,000 | 1.1% | $-2,165 | -6.1% | 75 |
| Greenville | $516,500 | 1.3% | $-2,147 | +0.9% | 66 |
| Harrisville | $463,500 | 2.4% | $-1,489 | +8.0% | 63 |
| Wyoming | $550,000 | 1.1% | $-1,797 | +14.6% | 63 |
| Carolina | $558,750 | 1.0% | $-3,250 | +8.9% | 62 |
| Chepachet | $507,500 | 3.3% | $-1,581 | -1.4% | 58 |
| Foster Center | $402,500 | 1.9% | $-1,889 | +10.1% | 44 |
| Bradford | $450,000 | 3.9% | $-903 | -10.4% | 37 |
| Harmony | $500,000 | 5.2% | $-529 | +3.0% | 37 |
| Weekapaug | $1,046,806 | 0.2% | $-14,687 | +18.6% | 37 |
| Hopkinton | $492,500 | 1.5% | $-1,763 | -3.9% | 32 |
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