Rhode Island, the smallest state in the United States, has plenty of reasons to consider relocating there. Rhode Island has a lot to love, with lovely tiny villages along the coast, historic cities like Providence, the state’s nautical heritage, historic mansions, and picturesque islands. If Rhode Island sounds like the state for you, you might be wondering which cities are affordable. The median house sale price in Rhode Island is $469,400.
Don’t worry if that price is out of your price range. We have several choices to assist you in finding a house. Redfin has compiled a list of the 10 cheapest places to live in Rhode Island, all of which have median house sale prices that are lower than the state average. Read on to find out which cities you should consider migrating to, from West Warwick to Westerly.
1. Central Falls
Central Falls, with a median house sale price of $437,500, is another reasonable location to consider buying a home in this year. The Central Falls region has roughly 22,600 residents, so you’ll enjoy a smaller city-like vibe without the big-city prices. If Central Falls is the city for you, spend a day at Valley Falls Pond and explore the restaurants and stores in the city center.
Median home price: $437,500
Average sale price per square foot: $156
Median household income: $34,689
The nearest major metro: is Providence (5 miles)
2. Smithfield
Smithfield is another of Rhode Island’s cheap communities. This community has a population of 22,100 people, and you may trek along the Wolf Hill Forest Preserve, eat at a neighboring restaurant, or practice your skating at Smithfield Municipal Ice Rink. You’ll have enough to do in your spare time if you live in Smithfield.
Median home price: $430,000
Average sale price per square foot: $260
Median household income: $87,819
The nearest major metro: is Providence (10 miles)
3. East Providence
East Providence, with a population of around 47,100 people, is another fantastic spot to live in Rhode Island. Popular East Providence activities include seeing the Crescent Park Carousel, which dates back to 1895, and enjoying the picturesque views from Sabin Point Waterfront Park. You can also explore Pomham Rocks Lighthouse and downtown East Providence.
Median home price: $422,500
Average sale price per square foot: $245
Average rent for a 1-bedroom apartment: $1,950
Median household income: $65,016
The nearest major metro: is Providence (5 miles)
4. Johnston
If you’ve lived in Rhode Island for a while, you’re definitely familiar with Johnston. Johnston, located just 5 miles west of Providence, has a population of 29,600 people. When you move to Johnston, you’ll want to explore the trails in the sprawling Snake Den State Park, which also houses the Wicked Tulips Farm, as well as the stores and restaurants on Atwood Ave.
Median home price: $400,000
Average sale price per square foot: $238
Median household income: $75,579
The nearest major metro: is Providence (5 miles)
5. Warwick
Warwick is eighth on our list of the most cheap locations to live in Rhode Island. You’ll be living in a mid-sized city with a population of roughly 82,800, yet there’s no shortage of things to do in Warwick. If you move here, don’t miss out on enjoying nature at waterfront sites like Rocky Point State Park, Buttonwoods Beach, or Conimicut Point Park, having lunch by the water, or checking out some of the other excellent local restaurants and shops in town.
Median home price: $395,000
Average sale price per square foot: $255
Average rent for a 1-bedroom apartment: $1,622
Median household income: $73,285
The nearest major metro: is Providence (10 miles)
6. Coventry
Coventry is a tad more expensive than Pawtucket. There are various excellent attractions in Coventry that you should see. Visit the Audubon George Parker Woodland Wildlife Refuge, the Audubon Maxwell Mays Wildlife Refuge, or the Tillinghast Pond Management Area, go camping, or fish at Tiogue Lake.
Median home price: $375,000
Average sale price per square foot: $225
Median household income: $44,310
The nearest major metro: is Providence (15 miles)
Conclusion
Rhode Island, the country’s smallest state, makes a strong case for anyone considering relocating. Rhode Island has a lot to offer with its lovely coastal communities, ancient cities like Providence, strong maritime traditions, historic mansions, and picturesque islands. The median house sale price of $469,400, on the other hand, maybe a source of anxiety for some.
There are inexpensive alternatives, so don’t worry. Redfin has determined the top ten cheapest areas to live in Rhode Island, with median house selling prices that are lower than the state average. These villages, ranging from Central Falls to Coventry, provide not only affordability but also unique attractions and a sense of community. So, if you’re thinking about moving to Rhode Island, look into these budget-friendly locations, each with its own distinct personality and attractions.