Kent County, Rhode Island Housing Market
In Kent County, Rhode Island, the median home value is $366,100, with a median monthly rent of $1,327. This places Kent County at #372 nationally out of 3134 counties by median home value, and #5 within Rhode Island.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,237
- Establishments: 6,985
- BLS QCEW, 2025
Housing Supply
- Single-family: 143
- Multi-family: 105
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 80,315 (avg $93,826)
- Outflow: 77,288 (avg $94,250)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Kent County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 02817 | 301.1 | +1.91% | 2025 |
| 2 | 02888 | 351.2 | +7.55% | 2025 |
| 3 | 02818 | 297.6 | +3.77% | 2025 |
| 4 | 02889 | 345.4 | +5.81% | 2025 |
| 5 | 02893 | 336.3 | +5.05% | 2025 |
| 6 | 02827 | 303.0 | +11.23% | 2025 |
| 7 | 02886 | 323.8 | +1.68% | 2025 |
| 8 | 02816 | 298.4 | +4.75% | 2025 |
| 9 | 02831 | 285.7 | -0.53% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Kent County on Our Sister Sites
Get the complete picture for Kent County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Kent County Compares
| Metric | Kent County | Rhode Island Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $366,100 | $474,800 | $227,706 |
| Median Gross Rent | $1,327 | $1,441 | $968 |
| Owner Occupancy Rate | 73.1% | 69.4% | 73.3% |
| Price/Rent Ratio | 23.0 | 27.3 | 18.7 |
Market Analysis
The median home value in Kent County is 22.9% below the Rhode Island state average and 60.8% above the U.S. national average. The median rent of $1,327/month is 7.9% below the state average.
With a price-to-rent ratio of 23.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Kent County has an owner-occupancy rate of 73.1%, compared to 69.4% in Rhode Island and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lyon County | Nevada | $366,100 | $1,326 |
| Chesterfield County | Virginia | $366,000 | $1,629 |
| Shasta County | California | $366,400 | $1,317 |
| Flagler County | Florida | $364,900 | $1,722 |
| Wasco County | Oregon | $367,400 | $1,008 |
Other Counties in Rhode Island
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Providence County | $373,600 | $1,312 | 56.9% |
| Washington County | $510,800 | $1,327 | 77.5% |
| Bristol County | $513,800 | $1,528 | 71.8% |
| Newport County | $609,700 | $1,713 | 67.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).