Is Charlestown, RI a good place to invest in rental property?

Charlestown, RI has a median modeled monthly cash flow of $-2,668 and a median cap rate of 1.8%, on a median sold price of $649,000. Prices changed +6.3% year over year.

What is the average cap rate in Charlestown, RI?

The median cap rate across recently sold homes in Charlestown, RI is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Charlestown, RI?

The median sold price in Charlestown, RI is $649,000 (about $388 per square foot).

Investing in Charlestown, RI Real Estate

A data-driven snapshot of the Charlestown, RI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$649,000Median sold price

$388Median $/sqft

1.8%Median cap rate

$-2,668Modeled cash flow / mo

+6.3%Appreciation YoY

8.3Months of supply

89Active listings

129Sold (last 12 mo)

What the Charlestown numbers say

In Charlestown, RI, the median home sold for $649,000 (about $388 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-2,668 of monthly cash flow. Sold prices moved +6.3% over the past year. Inventory sits at about 8.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Rhode Island markets to compare

See Charlestown cash-flowing listings

CashFlowRE ranks every for-sale home in Charlestown, RI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Charlestown deals, or browse the national market data.