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Homeownership is to the American dream. It offers , security, community, and countless other benefits. Yet for many Rhode Island residents, the dream feels increasingly out of reach—even as and fall. Near-record prices have made homes hard to come by and often even harder to afford, leaving buyers and sellers and younger generations .

But affordable pockets still exist. In cities across the state, residents can comfortably spend around 30% of their income or less on housing, which is widely considered the affordable threshold.

To find out where these cities are, ranked the most affordable cities in Rhode Island, based on their local payment to income ratios. All data is an average for the January-October 2025 period. To see the most affordable cities in the country, read this .

#1. Cumberland Hill, Rhode Island
- Payment to income ratio: 32.0%
- Median sale price: $546,437
- Median household income: $131,006
- Income needed to buy: $139,540
- Median monthly mortgage payment: $3,488
- See homes for sale in Cumberland Hill on

#2. Pascoag, Rhode Island
- Payment to income ratio: 34.1%
- Median sale price: $451,329
- Median household income: $101,359
- Income needed to buy: $115,253
- Median monthly mortgage payment: $2,881
- See homes for sale in Pascoag on

#3. Warwick, Rhode Island
- Payment to income ratio: 37.8%
- Median sale price: $431,722
- Median household income: $87,536
- Income needed to buy: $110,246
- Median monthly mortgage payment: $2,756
- See homes for sale in Warwick on

#4. Valley Falls, Rhode Island
- Payment to income ratio: 38.7%
- Median sale price: $473,416
- Median household income: $93,653
- Income needed to buy: $120,893
- Median monthly mortgage payment: $3,022
- See homes for sale in Valley Falls on

#5. Tiverton, Rhode Island
- Payment to income ratio: 39.8%
- Median sale price: $475,757
- Median household income: $91,493
- Income needed to buy: $121,491
- Median monthly mortgage payment: $3,037
- See homes for sale in Tiverton on

#6. Cranston, Rhode Island
- Payment to income ratio: 39.9%
- Median sale price: $456,940
- Median household income: $87,716
- Income needed to buy: $116,685
- Median monthly mortgage payment: $2,917
- See homes for sale in Cranston on

#7. Wakefield-Peacedale, Rhode Island
- Payment to income ratio: 40.4%
- Median sale price: $586,711
- Median household income: $111,200
- Income needed to buy: $149,824
- Median monthly mortgage payment: $3,746
- See homes for sale in Wakefield-Peacedale on

#8. East Providence, Rhode Island
- Payment to income ratio: 41.5%
- Median sale price: $431,075
- Median household income: $79,660
- Income needed to buy: $110,081
- Median monthly mortgage payment: $2,752
- See homes for sale in East Providence on

#9. Greenville, Rhode Island
- Payment to income ratio: 45.4%
- Median sale price: $560,949
- Median household income: $94,567
- Income needed to buy: $143,246
- Median monthly mortgage payment: $3,581
- See homes for sale in Greenville on

#10. Pawtucket, Rhode Island
- Payment to income ratio: 46.1%
- Median sale price: $405,973
- Median household income: $67,436
- Income needed to buy: $103,670
- Median monthly mortgage payment: $2,592
- See homes for sale in Pawtucket on

#11. Westerly, Rhode Island
- Payment to income ratio: 48.9%
- Median sale price: $525,802
- Median household income: $82,333
- Income needed to buy: $134,270
- Median monthly mortgage payment: $3,357
- See homes for sale in Westerly on

#12. Newport East, Rhode Island
- Payment to income ratio: 72.2%
- Median sale price: $813,602
- Median household income: $86,310
- Income needed to buy: $207,764
- Median monthly mortgage payment: $5,194
- See homes for sale in Newport East on

#13. Narragansett Pier, Rhode Island
- Payment to income ratio: 150.1%
- Median sale price: $1,561,703
- Median household income: $79,683
- Income needed to buy: $398,801
- Median monthly mortgage payment: $9,970
- See homes for sale in Narragansett Pier on