MarketsRun a deal in this market
State · RI
Rhode Island
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$470k
+5.5%Zillow ZHVI
Median rent
$2,000/mo
+5.2%Zillow ZORI
Gross yield
5.11%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$84,972
Census ACS
Owner-occupied
61.1%
Census ACS
Renter-occupied
38.9%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 5.11% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 5.2% YoY while values moved 5.5%. That gap drives whether yield compresses or expands over time.
Renter share is 39% - a deep renter pool means lower vacancy risk in Rhode Island.
Median income of $84,972 sets the affordability ceiling on rent growth.