Washington County, Rhode Island Housing Market
In Washington County, Rhode Island, the median home value is $510,800, with a median monthly rent of $1,327. This places Washington County at #133 nationally out of 3134 counties by median home value, and #3 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: $1,220
- Establishments: 5,803
- BLS QCEW, 2025
Housing Supply
- Single-family: 231
- Multi-family: 24
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 57,695 (avg $127,771)
- Outflow: 55,534 (avg $127,138)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Washington County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 02881 | 363.8 | — | 2025 |
| 2 | 02822 | 320.1 | +6.61% | 2025 |
| 3 | 02813 | 366.3 | +9.67% | 2025 |
| 4 | 02812 | 336.1 | +5.93% | 2025 |
| 5 | 02891 | 338.4 | +6.22% | 2025 |
| 6 | 02852 | 340.2 | +8.21% | 2025 |
| 7 | 02874 | 324.5 | +8.97% | 2025 |
| 8 | 02882 | 428.0 | +4.85% | 2025 |
| 9 | 02879 | 352.5 | +3.08% | 2025 |
| 10 | 02892 | 306.8 | +4.99% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Washington County Compares
| Metric | Washington County | Rhode Island Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $510,800 | $474,800 | $227,706 |
| Median Gross Rent | $1,327 | $1,441 | $968 |
| Owner Occupancy Rate | 77.5% | 69.4% | 73.3% |
| Price/Rent Ratio | 32.1 | 27.3 | 18.7 |
Market Analysis
The median home value in Washington County is 7.6% above the Rhode Island state average and 124.3% 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 32.1, Washington County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Washington County has an owner-occupancy rate of 77.5%, compared to 69.4% in Rhode Island and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Washington County | Utah | $510,700 | $1,566 |
| Mendocino County | California | $512,200 | $1,317 |
| Ada County | Idaho | $512,300 | $1,577 |
| Kendall County | Texas | $512,700 | $1,606 |
| Benton County | Oregon | $513,000 | $1,410 |
Other Counties in Rhode Island
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bristol County | $513,800 | $1,528 | 71.8% |
| Newport County | $609,700 | $1,713 | 67.9% |
| Providence County | $373,600 | $1,312 | 56.9% |
| Kent County | $366,100 | $1,327 | 73.1% |
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).