The story of this market
The typical home in Warwick, Rhode Island sells for about $430,000, or $294 per square foot.
Prices are up +1.2% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,248 a month.
Monthly price momentum
Home values since 2015
+5.7%
RI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Warwick, Rhode Island
The Warwick housing market remains competitive, driven by low inventory and steady demand from both local buyers and commuters. While price growth has moderated compared to previous years, the city's diverse village structure and coastal amenities continue to support property values. Market conditions are currently stable, with buyers and sellers adjusting to the prevailing interest rate environment.
No ARED county foreclosure postings attributed to Warwick yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 5.2% year over year.
Homes spend a median of 23 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.22% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 6.5% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A large municipal park offering walking trails, sports fields, and beach access, serving as a primary recreational hub for residents.
A historic coastal area known for its public beach, dining options, and community events, significantly impacting local property appeal.
The primary airport for Rhode Island, serving as a major economic anchor and transit gateway for the region.
A major transit-oriented development project near the airport, designed to integrate commercial, office, and residential spaces.
Warwick is an ideal fit for family buyers seeking coastal access and suburban amenities, as well as commuters who benefit from the city's central location and transit infrastructure. The diverse village structure offers options for both first-time buyers and those looking for established neighborhoods. Investors find value in the city's consistent rental demand and the ongoing redevelopment of the airport-adjacent corridors.
The Warwick Public Schools district serves the majority of the city's students, offering a range of traditional academic and vocational programs. While performance varies by campus, the district is currently focused on infrastructure modernization and curriculum alignment to improve state-level assessment outcomes. Families often weigh school quality as a primary factor in neighborhood selection within the city's diverse village structure.
Warwick is highly accessible via I-95 and I-295, which provide direct links to Providence and the broader New England region. The city is also served by the MBTA Commuter Rail at the Warwick Station, facilitating transit-oriented commutes. Local bus services and the proximity to the airport provide robust transportation options for residents and visitors.
Warwick offers an extensive amenity base centered on its 39 miles of coastline, featuring popular spots like Warwick City Park and Oakland Beach. Residents have access to numerous marinas, public boat ramps, and golf courses, which are central to the city's lifestyle. The city's village-based geography ensures that local shopping, dining, and community parks are distributed throughout the various neighborhoods.
The rental market in Warwick is characterized by steady demand driven by its proximity to Providence and the airport, with a mix of single-family rentals and multi-unit complexes. Vacancy rates remain relatively low, reflecting the city's appeal to commuters and airport-related employees. Investor interest is active, though short-term rental regulations are monitored by the city to balance tourism with housing availability.
Warwick's economy is anchored by the aviation, healthcare, and retail sectors, with T.F. Green International Airport serving as the primary driver of employment. The city benefits from a diverse mix of small businesses and corporate offices, maintaining a stable economic outlook. Momentum is supported by ongoing infrastructure investments and the city's strategic location within the Providence metro area.
Warwick serves as a major economic hub for Rhode Island, anchored by the presence of T.F. Green International Airport and the surrounding commercial corridors. Development momentum is concentrated around the Warwick Station area, which continues to attract transit-oriented investment and corporate interest. The city's lack of a single downtown is offset by the economic vitality of its various village centers.
Current planning efforts are focused on the revitalization of the Warwick Station area and the enhancement of the city's various village centers. Approved projects emphasize mixed-use development to increase housing density and commercial activity. The city is also prioritizing coastal infrastructure improvements to address long-term climate resilience.
Parcels in Warwick are subject to standard municipal property taxes and may fall within specific fire districts that provide essential emergency services. There are no major MUD or PID districts, but residents should verify fire district boundaries as they can influence total tax obligations.
Warwick generally experiences crime rates consistent with other mid-sized New England coastal cities, with property crime being the most prevalent category. Local law enforcement maintains active community policing initiatives to address neighborhood-level concerns. Regional comparisons suggest the city remains relatively stable compared to the nearby urban core of Providence.
As a coastal city with significant frontage on Narragansett Bay, Warwick faces moderate flood risks in low-lying areas, particularly in neighborhoods like Oakland Beach and Conimicut. Property owners in these zones are typically required to carry flood insurance, which influences long-term carrying costs. The city maintains ongoing coastal resiliency planning to mitigate storm surge impacts.
Property insurance in Warwick is influenced by the city's extensive coastline, with premiums reflecting flood and wind risk exposure. The market remains competitive, though homeowners in designated flood zones face higher costs. Overall, the insurance market is stable, with providers actively managing risk through updated hazard mapping.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Rhode Island) — Local Property Tax Assessment: Property is assessed at full and fair cash value. The tax is calculated by multiplying the assessed value by the local tax rate (mill rate). Municipalities may apply homestead exemptions or tax classifications (residential vs. commercial) as authorized by state law.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov; figures reflect city-level place data.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.