Home Value Trail

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State

Rhode Island

5 counties with an index · 1 metro and micro areas · 68 ZIP codes · 33 permit-issuing places · 1,114,521 residents (2025 est.)

FHFA quarterly index through 2026 Q2Annual index 1975–2025Permits through August 2026
FHFA all-transactions house price index for Rhode Island, quarterly from 1975 to 2026 Q2, with the national index rebased to the same start and NBER recessions shadedRecession 1973–75Recession 1980Recession 1981–82Recession 1990–91Recession 2001Recession 2007–09Recession 202005001,0001,50019801990200020102020United States2026: 1,065
Rhode Island (100 = first year)United States, rebased to the same startNBER recession

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.

Rhode Island's FHFA house price index starts in 1975. Through 2025 it has risen +1316.7%; over the ten years to 2025 the rise was +112.1% (+7.8% a year), well above the national +85.0%.

The quarterly index through 2026 Q2 is +5.0% on a year earlier and +2.4% on the quarter; nationally +3.0% and +1.1%.

The index peaked in 2006, fell −28.8% to 2013 and regained the peak in 2021; the national index fell −21.3% over 2007–2012.

2,113 housing units were authorised in Rhode Island in the 12 months to August 2026, 1.9 per 1,000 residents against 4.1 nationally; that is +43.8% on the previous 12 months. 5 counties, 1 metro and micro areas, 68 ZIP codes and 33 permit-issuing places in the state have their own pages.

+5.0%year to 2026 Q2, quarterly indexUS +3.0%
+5.4%1 year, 2024–2025US +2.8%
+65.1%5 yearsUS +47.0%
+112.1%10 years+7.8% a year annualised
+226.0%since 2000US +158.3%
2,113units permitted, 12 months1.9 per 1,000 residents · US 4.1

Same span, state and nation

Change in the FHFA indexRhode IslandUnited States
1 year (2024–2025)+5.4%+2.8%
5 years (2020–2025)+65.1%+47.0%
10 years (2015–2025)+112.1%+85.0%
20 years (2005–2025)+68.8%+79.1%
Since 2000+226.0%+158.3%
Since 1975+1316.7%+960.7%
10-year annualised+7.8%+6.3%
20-year annualised+2.7%+3.0%

Decade by decade

DecadeChangeUnited States
1980s (1980–1990)+154.9%+68.2%
1990s (1990–2000)+9.7%+33.9%
2000s (2000–2010)+56.2%+29.7%
2010s (2010–2020)+26.4%+35.5%
2020s so far (2020–2025)+65.1%+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.

Peak-to-low declines

PeakLowDeclinePeak regained
20062013−28.8%2021
19891995−10.6%2000

Purchase-only index

FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.

FHFA purchase-only house price index for Rhode Island, quarterly, with the national purchase-only index rebased to the same startRecession 1990–91Recession 2001Recession 2007–09Recession 202001002003004005001995200020052010201520202025United States, purchase-only2026: 447
Rhode Island, purchase-only (100 = first year)United States, purchase-only, rebased to the same startNBER recession

Counties

Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.

County1 year10 yearsSince 2000Units, 12 monthsPer 1,000Index through
Providence County+5.3%+116.4%+218.1%1,0071.52025
Newport County+6.8%+115.0%+261.8%1662.02025
Kent County+5.3%+114.5%+222.7%5693.32025
Washington County+6.3%+107.5%+245.3%2902.22025
Bristol County+4.7%+103.6%+235.4%811.62025

Metro and micropolitan areas

Areas with any county in Rhode Island; multi-state areas appear under each of their states.

AreaType1 year10 yearsYear to 2026 Q2Units, 12 months
Providence-Warwick, RI-MAMetro+5.0%+105.3%+4.7%3,423

Building permits

Housing units authorised in Rhode Island by month, latest 60 months0200400Sep 2021: 87 units (78 single-family, 9 in multi-unit buildings)Sep 2021Oct 2021: 114 units (85 single-family, 29 in multi-unit buildings)Nov 2021: 131 units (98 single-family, 33 in multi-unit buildings)Dec 2021: 137 units (92 single-family, 45 in multi-unit buildings)Jan 2022: 98 units (77 single-family, 21 in multi-unit buildings)Feb 2022: 88 units (72 single-family, 16 in multi-unit buildings)Mar 2022: 84 units (80 single-family, 4 in multi-unit buildings)Apr 2022: 121 units (86 single-family, 35 in multi-unit buildings)May 2022: 128 units (91 single-family, 37 in multi-unit buildings)Jun 2022: 100 units (74 single-family, 26 in multi-unit buildings)Jul 2022: 92 units (70 single-family, 22 in multi-unit buildings)Aug 2022: 123 units (86 single-family, 37 in multi-unit buildings)Sep 2022: 136 units (85 single-family, 51 in multi-unit buildings)Sep 2022Oct 2022: 84 units (73 single-family, 11 in multi-unit buildings)Nov 2022: 66 units (54 single-family, 12 in multi-unit buildings)Dec 2022: 85 units (53 single-family, 32 in multi-unit buildings)Jan 2023: 79 units (58 single-family, 21 in multi-unit buildings)Feb 2023: 87 units (55 single-family, 32 in multi-unit buildings)Mar 2023: 101 units (71 single-family, 30 in multi-unit buildings)Apr 2023: 88 units (59 single-family, 29 in multi-unit buildings)May 2023: 131 units (69 single-family, 62 in multi-unit buildings)Jun 2023: 140 units (66 single-family, 74 in multi-unit buildings)Jul 2023: 82 units (65 single-family, 17 in multi-unit buildings)Aug 2023: 73 units (63 single-family, 10 in multi-unit buildings)Sep 2023: 71 units (57 single-family, 14 in multi-unit buildings)Sep 2023Oct 2023: 80 units (67 single-family, 13 in multi-unit buildings)Nov 2023: 76 units (67 single-family, 9 in multi-unit buildings)Dec 2023: 54 units (47 single-family, 7 in multi-unit buildings)Jan 2024: 92 units (54 single-family, 38 in multi-unit buildings)Feb 2024: 115 units (55 single-family, 60 in multi-unit buildings)Mar 2024: 100 units (60 single-family, 40 in multi-unit buildings)Apr 2024: 82 units (61 single-family, 21 in multi-unit buildings)May 2024: 97 units (76 single-family, 21 in multi-unit buildings)Jun 2024: 92 units (80 single-family, 12 in multi-unit buildings)Jul 2024: 151 units (67 single-family, 84 in multi-unit buildings)Aug 2024: 94 units (66 single-family, 28 in multi-unit buildings)Sep 2024: 98 units (78 single-family, 20 in multi-unit buildings)Sep 2024Oct 2024: 144 units (82 single-family, 62 in multi-unit buildings)Nov 2024: 90 units (63 single-family, 27 in multi-unit buildings)Dec 2024: 89 units (79 single-family, 10 in multi-unit buildings)Jan 2025: 106 units (53 single-family, 53 in multi-unit buildings)Feb 2025: 107 units (65 single-family, 42 in multi-unit buildings)Mar 2025: 83 units (55 single-family, 28 in multi-unit buildings)Apr 2025: 119 units (56 single-family, 63 in multi-unit buildings)May 2025: 143 units (64 single-family, 79 in multi-unit buildings)Jun 2025: 200 units (59 single-family, 141 in multi-unit buildings)Jul 2025: 147 units (53 single-family, 94 in multi-unit buildings)Aug 2025: 143 units (60 single-family, 83 in multi-unit buildings)Sep 2025: 183 units (73 single-family, 110 in multi-unit buildings)Sep 2025Oct 2025: 164 units (84 single-family, 80 in multi-unit buildings)Nov 2025: 101 units (59 single-family, 42 in multi-unit buildings)Dec 2025: 169 units (63 single-family, 106 in multi-unit buildings)Jan 2026: 81 units (48 single-family, 33 in multi-unit buildings)Feb 2026: 353 units (35 single-family, 318 in multi-unit buildings)Mar 2026: 252 units (59 single-family, 193 in multi-unit buildings)Apr 2026: 118 units (60 single-family, 58 in multi-unit buildings)May 2026: 110 units (57 single-family, 53 in multi-unit buildings)Jun 2026: 191 units (90 single-family, 101 in multi-unit buildings)Jul 2026: 220 units (73 single-family, 147 in multi-unit buildings)Aug 2026: 171 units (69 single-family, 102 in multi-unit buildings)

Housing units authorised in Rhode Island by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in Rhode Island by year, 1995–202502,0004,0001995: 2,331 units (2,065 single-family, 266 in multi-unit buildings)19951996: 2,462 units (2,077 single-family, 385 in multi-unit buildings)1997: 2,672 units (2,324 single-family, 348 in multi-unit buildings)1998: 2,642 units (2,540 single-family, 102 in multi-unit buildings)1999: 3,414 units (2,702 single-family, 712 in multi-unit buildings)2000: 2,596 units (2,256 single-family, 340 in multi-unit buildings)20002001: 2,407 units (2,185 single-family, 222 in multi-unit buildings)2002: 2,848 units (2,182 single-family, 666 in multi-unit buildings)2003: 2,286 units (1,948 single-family, 338 in multi-unit buildings)2004: 2,532 units (1,903 single-family, 629 in multi-unit buildings)2005: 2,836 units (1,808 single-family, 1,028 in multi-unit buildings)20052006: 2,370 units (1,801 single-family, 569 in multi-unit buildings)2007: 1,938 units (1,395 single-family, 543 in multi-unit buildings)2008: 1,058 units (874 single-family, 184 in multi-unit buildings)2009: 961 units (704 single-family, 257 in multi-unit buildings)2010: 934 units (727 single-family, 207 in multi-unit buildings)20102011: 700 units (571 single-family, 129 in multi-unit buildings)2012: 731 units (665 single-family, 66 in multi-unit buildings)2013: 928 units (812 single-family, 116 in multi-unit buildings)2014: 952 units (796 single-family, 156 in multi-unit buildings)2015: 998 units (841 single-family, 157 in multi-unit buildings)20152016: 1,226 units (919 single-family, 307 in multi-unit buildings)2017: 1,153 units (981 single-family, 172 in multi-unit buildings)2018: 1,294 units (936 single-family, 358 in multi-unit buildings)2019: 1,400 units (1,020 single-family, 380 in multi-unit buildings)2020: 1,374 units (976 single-family, 398 in multi-unit buildings)20202021: 1,392 units (1,033 single-family, 359 in multi-unit buildings)2022: 1,372 units (960 single-family, 412 in multi-unit buildings)2023: 1,169 units (709 single-family, 460 in multi-unit buildings)2024: 1,757 units (825 single-family, 932 in multi-unit buildings)2025: 1,738 units (730 single-family, 1,008 in multi-unit buildings)2025

Housing units authorised in Rhode Island by year, 1995–2025single-family2+ unit buildings

Single-family share of the latest 12 months: 36% (63% nationally). Since 1995: 54,471 units.

Year by year

Each year's index change and permits, with every county's figures for that year.

YearRhode Island indexUS indexUnits permittedSingle-family
2025+5.4%+2.8%1,738730
2024+8.7%+4.9%1,757825
2023+9.7%+5.7%1,169709
2022+15.8%+15.5%1,372960
2021+13.5%+11.6%1,3921,033
2020+4.4%+3.0%1,374976
2019+4.4%+4.2%1,4001,020
2018+6.3%+5.7%1,294936
2017+5.9%+5.4%1,153981
2016+4.7%+5.3%1,226919
2015+4.5%+4.4%998841
2014+3.0%+6.2%952796
2013−0.1%+3.4%928812
2012−3.8%−1.8%731665
2011−4.7%−4.4%700571
2010−4.5%−5.1%934727
2009−9.7%−7.5%961704
2008−7.3%−4.5%1,058874
2007−2.7%+0.6%1,9381,395
2006+3.9%+6.6%2,3701,801
2005+14.5%+12.4%2,8361,808
2004+18.9%+9.2%2,5321,903
2003+11.3%+4.5%2,2861,948
2002+14.5%+5.4%2,8482,182
2001+11.4%+6.7%2,4072,185
2000+11.9%+8.3%2,5962,256
1999+3.6%+4.3%3,4142,702
1998+3.1%+3.7%2,6422,540
1997+0.4%+3.8%2,6722,324
1996+0.8%+3.2%2,4622,077
1995−0.4%+3.7%2,3312,065

Cities issuing the most permits

Housing units authorised in the 12 months to August 2026; every place is listed on its county page.

Questions and answers

How much have home values in Rhode Island risen over 10 years?

The FHFA index rose +112.1% between 2015 and 2025, +7.8% a year; over 20 years +68.8% and since 2000 +226.0%. Nationally: +85.0%, +79.1% and +158.3%.

Which Rhode Island counties rose most over 10 years?

Providence County (+116.4%), Newport County (+115.0%) and Kent County (+114.5%), by FHFA's annual county index to 2025.

What happened to Rhode Island home prices in 2008?

The state index peaked in 2006, fell −28.8% to 2013 and regained its peak in 2021.

How many homes are being built in Rhode Island?

2,113 units were authorised in the 12 months to August 2026: 770 single-family and 1,343 in multi-unit buildings, 1.9 per 1,000 residents.

Where does this data come from?

FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.

Provenance

Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.