Rhode Island
Ranked #40 of 51 for housing affordability
35Crisis
Median Home Price
🏠$435K
6.5x income
Median Rent
🔑$1K
35.0% rent-burdened
Median Income
💰$67K
Population: 1,095,610
Homeownership
🏡62.0%
1,400 experiencing homelessness
Housing Shortage
📉22,000
units needed
Building Permits (2024)
🔨3,200
Price-to-Income
📊6.5x
Severe Rent Burden
⚠️17.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
Metros in Rhode Island
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Providence | 38 | $420K | $1K | $65K | 35.5% |
Housing Policies
low and moderate income housing actRhode Island Housing programszoning reform