Rental numbers for Rhode Island
0 of 36 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 5.2%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 5.2%
- 36 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $511,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,123/mo
- median across 36 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Kent County | $443,000 | $2,188 | 5.9% | 2.2% | -$1,583 | +2.1% |
| Providence County | $455,000 | $2,083 | 5.5% | 1.9% | -$1,726 | +4.6% |
| Bristol County | $658,000 | $2,721 | 5.0% | 1.6% | -$2,664 | +4.6% |
| Newport County | $791,000 | $3,083 | 4.7% | 1.8% | -$3,052 | +6.8% |
| Washington County | $690,000 | $2,397 | 4.2% | 1.2% | -$3,011 | +5.4% |
Highest-yield ZIP codes in Rhode Island
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 02903Providence | $446,000 | $2,395 | 6.5% | -$1,339 |
| 02909Providence | $388,000 | $2,017 | 6.3% | -$1,316 |
| 02908Providence | $418,000 | $2,177 | 6.2% | -$1,351 |
| 02886Warwick | $425,000 | $2,151 | 6.1% | -$1,447 |
| 02861Pawtucket | $404,000 | $1,989 | 5.9% | -$1,438 |
| 02914East Providence | $428,000 | $2,077 | 5.8% | -$1,527 |
| 02905Providence | $425,000 | $2,050 | 5.8% | -$1,513 |
| 02915East Providence | $444,000 | $2,114 | 5.7% | -$1,617 |
| 02919Johnston | $456,000 | $2,140 | 5.6% | -$1,697 |
| 02920Cranston | $456,000 | $2,131 | 5.6% | -$1,722 |
Trends
Five years to August 2026
- Price, 12 months
- +3.4%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 1.21%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $382,542 |
| Aug 2022 | $427,164 |
| Aug 2023 | $444,974 |
| Aug 2024 | $477,798 |
| Aug 2025 | $494,230 |
| Aug 2026 | $511,233 |
Costs that vary by state
- Effective property tax
- 1.21%
- Census ACS 2024
- Landlord insurance default
- $2,875/yr
- NAIC HO-3 $2,396 x 1.2
- Permits per 1,000 households
- 4.8
- last 12 months
- Median typical price
- $456,000
- tier A ZIPs
Metros
Questions
- Is Rhode Island good for rental property?
- 0 of 36 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 5.2%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in Rhode Island?
- About 1.21% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in Rhode Island?
- NAIC's 2023 average homeowners (HO-3) premium in Rhode Island was $2,396. Landlord policies usually cost more, so this site assumes $2,875 a year. Quotes depend on the property, coverage and claims history.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.