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Home appreciation in Rhode Island
Rhode Island's FHFA HPI® all-transactions index changed +5.0% over the year to Q2 2026, versus +3.0% nationally, ranking 8th of 51 states and D.C. Below, compare its 2 3-digit ZIP regions and 1 metro areas.
- 1-year change
- +5.0%
- 5-year change
- +55.6%
- Since Q1 1995
- +356%
- State rank (1 year)
- 8th
U.S. +3.0%
5th of 51
U.S. +292%
of 51 states and D.C.
Rhode Island vs the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Rhode Island: 455.9
- United States: 391.6
Rhode Island appreciation by time window
| Window | RI | U.S. | Gap vs U.S. |
|---|---|---|---|
| 1 year | +5.0% | +3.0% | +2.0 pts |
| 3 years | +22.1% | +12.9% | +9.2 pts |
| 5 years | +55.6% | +41.3% | +14.3 pts |
| 10 years | +120% | +93.3% | +26.7 pts |
| Since Q1 1995 | +356% | +292% | +64.4 pts |
3-digit ZIP regions in Rhode Island
Fastest-appreciating ZIP codes in Rhode Island →Sorted by one-year change. 2 of 2 regions beat the national one-year change of +3.0%. Place labels name the largest community in each region.
| # | 3-digit ZIP region | 1 year | 5 years | 10 years | Since Q1 1995 |
|---|---|---|---|---|---|
| 1 | 028 · Warwick, RI area | +5.4% | +54.9% | +117% | +357% |
| 2 | 029 · Providence, RI area | +4.2% | +57.2% | +129% | +351% |
Metro areas in Rhode Island
| Metro area | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|
| Providence-Warwick, RI-MA | +4.7% | +51.9% | +353% |
Boom, bust, and recovery in Rhode Island
Rhode Island's index peaked in Q2 2006, fell 27.6% to its low in Q4 2013, and regained its peak in Q3 2020, about 14.2 years after the top. Today it sits +77.8% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| RI | Q2 2006 | Q4 2013 | -27.6% | Q3 2020 (14.2 yrs) | +77.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Rhode Island's index has changed +106% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | RI after inflation | U.S. after inflation |
|---|---|---|---|
| 1 year | +3.9% | +1.1% | -0.8% |
| 3 years | +9.8% | +11.2% | +2.8% |
| 5 years | +24.0% | +25.4% | +13.9% |
| 10 years | +39.1% | +58.2% | +39.0% |
| Since Q1 1995 | +121% | +106% | +76.8% |
If you bought in Rhode Island in…
An example $300,000 purchase grown at the statewide index rate to Q2 2026. Local markets within the state vary widely.
| Bought in | Index change | $300,000 then, at the state rate |
|---|---|---|
| Q2 1995 | +351% | $1,352,661 |
| Q2 2000 | +273% | $1,118,707 |
| Q2 2005 | +86.2% | $558,532 |
| Q2 2010 | +129% | $686,136 |
| Q2 2015 | +128% | $683,567 |
| Q2 2020 | +78.3% | $534,962 |
| Q2 2021 | +55.6% | $466,798 |
| Q2 2023 | +22.1% | $366,229 |
| Q2 2025 | +5.0% | $315,063 |
Frequently asked questions
- How much have home prices gone up in Rhode Island?
- FHFA HPI® data for Rhode Island shows the all-transactions index changed +5.0% over the year to Q2 2026, +55.6% over five years, +120% over ten years, and +356% since Q1 1995.
- Is Rhode Island appreciating faster than the national average?
- Over the past year Rhode Island's index moved +2.0 pts versus the U.S. (+3.0%), ranking 8th of 51 states and D.C. Over five years the gap is +14.3 pts.
- Which ZIP codes in Rhode Island are appreciating fastest?
- Over the past year the strongest of 2 3-digit ZIP regions in Rhode Island was ZIP3 028 (Warwick, RI area) at +5.4%, and the weakest was ZIP3 029 (Providence, RI area) at +4.2%. 2 of 2 beat the national one-year change.