Land and home values in Rhode Island
Across Rhode Island's 5 counties, residential land is about $14.40 per sq ft at the state median ($627,264 an acre). The typical home is worth about $462,000 and a 2-bedroom rents for about $1,820 a month. Largest city: Providence; capital: Providence. Values as of October 12, 2026.
Open on the satellite mapState values
| Land: residential | $14.40 | per sq ft |
| Land: residential | $627,264 | per acre |
| Land: quarter-acre lot | $156,816 | 10,890 sq ft |
| Land: farmland | $23,600 | per acre |
| Home: typical (median) | $462,000 | value |
| Home: entry-level | $358,000 | lower quartile |
| Home: upper-end | $562,000 | upper quartile |
| Build new | $179 | per sq ft, no land |
| Rent: 1-bedroom | $1,480 | per month |
| Rent: 2-bedroom | $1,820 | per month |
| Rent: 3-bedroom | $2,220 | per month |
| Rent: 4-bedroom | $2,600 | per month |
| Gross yield, 2-bed | 4.7% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 31 | $44.30 | $894,000 | $2,320 |
| Upper | 48 | $22.80 | $604,000 | $2,000 |
| Mid | 73 | $14.80 | $466,000 | $1,760 |
| Entry | 94 | $12.10 | $388,000 | $1,720 |
| Rural | 4 | $30.70 | $598,000 | $1,970 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Every county
| County | Setting | Land $/sq ft | Per acre | Typical home | Rent 2-bed |
|---|---|---|---|---|---|
| Newport County | Metro core | $33.60 | $1.46M | $774,000 | $2,360 |
| Bristol County | Metro core | $26.20 | $1.14M | $559,000 | $1,860 |
| Washington County | Metro core | $23.80 | $1.04M | $614,000 | $1,900 |
| Kent County | Metro core | $13.90 | $605,484 | $412,000 | $1,820 |
| Providence County | Metro core | $12.80 | $557,568 | $421,000 | $1,740 |
Questions people ask
How much is land worth in Rhode Island?
Residential land in Rhode Island is about $14.40 per square foot, or $627,264 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $156,816. Smaller lots sell for more per square foot and large tracts for less.
Where is land most expensive in Rhode Island?
The highest county medians for residential land are Newport County ($33.60 per sq ft), Bristol County ($26.20 per sq ft), Washington County ($23.80 per sq ft), Kent County ($13.90 per sq ft).
Where is land cheapest in Rhode Island?
The lowest county medians are Providence County ($12.80 per sq ft), Kent County ($13.90 per sq ft), Washington County ($23.80 per sq ft), Bristol County ($26.20 per sq ft); farmland and remote acreage are cheaper still.
What is the typical home value in Rhode Island?
The typical (median) home in Rhode Island is worth about $462,000, with entry-level homes around $358,000 and upper-end homes around $562,000, as of October 2026.
How much is rent in Rhode Island?
A 2-bedroom rents for about $1,820 a month in Rhode Island, a 1-bedroom about $1,480 and a 3-bedroom about $2,220 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Rhode Island?
Farmland averages about $23,600 an acre in Rhode Island (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.