Mortgage Rates in Rhode Island
Updated April 2026
Key Mortgage Metrics
Median Home Price
$380,000
30-Year Fixed Rate
6.5%
Property Tax Rate
1.63%
Est. Annual Property Tax
$6,194
Housing Market in Rhode Island
The median home price in Rhode Island is currently $380,000, with an average 30-year fixed mortgage rate of 6.5%. Property taxes in Rhode Island average 1.63% of home value, translating to approximately $6,194 annually on a median-priced home.
Use our mortgage calculator to estimate your monthly payments based on your specific down payment and loan terms.
First-Time Homebuyer Programs
Rhode Island offers several programs to help first-time homebuyers:
- Rhode Island Housing Resources Commission
- First-time homebuyer programs
Contact your state housing finance agency for eligibility requirements and application details.
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