Best Places to Invest in Rhode Island Real Estate
38 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 | $435,000 | 3.8% | $-895 | +3.1% | 1,089 |
| Cranston | $489,000 | 3.4% | $-1,155 | +1.9% | 755 |
| Pawtucket | $443,000 | 3.7% | $-866 | -1.5% | 532 |
| Coventry | $442,450 | 2.8% | $-1,244 | +0.8% | 472 |
| East Providence | $455,000 | 3.4% | $-1,126 | +4.1% | 461 |
| North Providence | $423,838 | 3.6% | $-917 | +1.2% | 400 |
| Woonsocket | $419,045 | 3.3% | $-856 | +4.7% | 380 |
| West Warwick | $425,000 | 2.9% | $-1,085 | +1.2% | 339 |
| North Kingstown | $622,500 | 2.2% | $-2,178 | +1.2% | 297 |
| Johnston | $470,000 | 2.8% | $-1,494 | +5.7% | 287 |
| Newport | $1,018,500 | 1.9% | $-3,912 | +0.4% | 280 |
| Westerly | $580,000 | 2.9% | $-1,780 | +5.3% | 249 |
| Lincoln | $510,000 | 2.8% | $-1,380 | +0.7% | 221 |
| Barrington | $810,000 | 2.2% | $-3,138 | +7.9% | 200 |
| Tiverton | $505,000 | 3.0% | $-1,300 | +3.0% | 193 |
| South Kingstown | $804,500 | 1.7% | $-3,276 | +3.1% | 192 |
| Bristol | $635,000 | 2.8% | $-1,874 | +1.9% | 188 |
| East Greenwich | $687,500 | 1.5% | $-2,882 | -3.3% | 182 |
| Cumberland | $621,000 | 2.5% | $-1,887 | -3.5% | 168 |
| North Smithfield | $480,000 | 1.7% | $-1,804 | +7.6% | 142 |
| Valley Falls | $488,750 | 3.5% | $-1,079 | +3.1% | 130 |
| Charlestown | $649,000 | 1.8% | $-2,668 | +6.3% | 129 |
| Wakefield-Peace Dale | $600,000 | 2.7% | $-1,810 | +3.4% | 105 |
| Cumberland Hill | $503,750 | 2.8% | $-1,482 | -6.0% | 102 |
| Newport East | $697,500 | 2.9% | $-2,157 | -5.9% | 92 |
| Burrillville | $483,000 | 2.1% | $-1,575 | +12.0% | 92 |
| Warren | $505,000 | 2.8% | $-1,328 | -2.7% | 81 |
| Jamestown | $1,150,000 | 2.8% | $-2,775 | -7.6% | 81 |
| Richmond | $611,250 | 1.2% | $-2,465 | +9.3% | 72 |
| Glocester | $525,000 | 2.1% | $-2,003 | +1.8% | 69 |
| Central Falls | $555,000 | 6.1% | $-125 | +6.3% | 58 |
| Exeter | $623,000 | 2.3% | $-2,026 | +2.6% | 57 |
| West Greenwich | $599,000 | 2.4% | $-2,025 | +20.8% | 55 |
| Hopkinton | $475,000 | 0.9% | $-2,752 | -0.9% | 47 |
| Foster | $435,000 | 1.2% | $-2,587 | +4.9% | 43 |
| Pascoag | $438,000 | 3.0% | $-1,144 | +14.3% | 39 |
| Middletown | $730,000 | 1.8% | $-3,690 | -6.1% | 37 |
| Little Compton | $1,124,500 | 1.3% | $-4,661 | +21.6% | 34 |
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