Mortgage Rates in Rhode Island — March 2026
Compare current mortgage rates across 30 cities in Rhode Island. The average 30-year fixed rate is 6.74%, which is 0.09% above the national average of 6.65%.
Rhode Island Housing Highlights
All 30 Cities in Rhode Island
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Providence | 6.67% | $335,000 | $1,724 | 190,934 |
| Cranston | 6.67% | $335,000 | $1,724 | 82,934 |
| Warwick | 6.67% | $325,000 | $1,673 | 82,823 |
| Pawtucket | 6.67% | $285,000 | $1,467 | 75,604 |
| East Providence | 6.67% | $335,000 | $1,724 | 47,037 |
| Woonsocket | 6.67% | $265,000 | $1,364 | 43,915 |
| Cumberland | 6.67% | $415,000 | $2,136 | 36,405 |
| Coventry | 6.88% | $365,000 | $1,919 | 35,014 |
| North Providence | 6.81% | $366,000 | $1,911 | 33,835 |
| South Kingstown | 6.81% | $334,000 | $1,744 | 30,639 |
| Johnston | 6.84% | $394,000 | $2,063 | 29,191 |
| West Warwick | 6.83% | $371,000 | $1,941 | 29,078 |
| North Kingstown | 6.89% | $388,000 | $2,042 | 26,486 |
| Newport | 6.67% | $585,000 | $3,011 | 25,163 |
| Westerly | 6.67% | $328,000 | $1,688 | 22,787 |
| Bristol | 6.16% | $425,000 | $2,073 | 22,493 |
| Lincoln | 6.71% | $368,000 | $1,902 | 22,229 |
| Smithfield | 6.78% | $358,000 | $1,863 | 21,430 |
| Central Falls | 6.73% | $362,000 | $1,874 | 19,476 |
| Portsmouth | 6.64% | $365,000 | $1,873 | 17,389 |
| Barrington | 6.79% | $351,000 | $1,829 | 16,310 |
| Burrillville | 6.86% | $360,000 | $1,889 | 16,158 |
| Middletown | 6.8% | $313,000 | $1,632 | 16,150 |
| Narragansett | 6.83% | $346,000 | $1,810 | 15,868 |
| Tiverton | 6.72% | $330,000 | $1,707 | 15,780 |
| East Greenwich | 6.79% | $377,000 | $1,964 | 13,146 |
| North Smithfield | 6.72% | $370,000 | $1,914 | 12,766 |
| Scituate | 6.87% | $305,000 | $1,602 | 10,782 |
| Warren | 6.83% | $378,000 | $1,977 | 10,611 |
| Glocester | 6.85% | $339,000 | $1,777 | 9,746 |
Rhode Island Mortgage Rates Guide — 2026
Rhode Island homebuyers currently see an average 30-year fixed mortgage rate of 6.74%, with median home prices around $359,100. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,861.
The most affordable city for homebuyers in Rhode Island is Woonsocket, where the median home price is $265,000. On the other end, Newport has the highest prices at $585,000. Property tax rates across the state average 1.64%.
To comfortably afford a home at the state average price, a household income of approximately $79,757 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
Use our free loan calculator to see your exact monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Frequently Asked Questions — Rhode Island Mortgages
What are current mortgage rates in Rhode Island?
As of March 2026, the average 30-year fixed mortgage rate in Rhode Island is 6.74% and the 15-year fixed rate averages 5.97%. Rates vary by city, lender, and borrower qualification.
What is the average home price in Rhode Island?
The median home price across 30 cities in Rhode Island is $359,100. Prices range from $265,000 in Woonsocket to $585,000 in Newport.
How much income do I need to buy a house in Rhode Island?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $79,757 to comfortably afford the average home in Rhode Island. The median household income in the state is approximately $62,692.
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