2024 · Rhode Island
Rental yield in Rhode Island
In 2024, the typical rental in Rhode Island produced a gross yield of 3.7% — $1,418/mo median rent against a $456K median home value, ranking 42nd of 51 states.
3.7%
Gross rental yield
below the 4.9% U.S. median
$1,418/mo
Median gross rent
incl. utilities (ACS)
$456K
Median home value
owner-occupied (ACS)
Rhode Island metros by yield
Metropolitan areas in Rhode Island with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Providence-Warwick, RI-MA | 3.6% | $1,396/mo | $471K |
Frequently asked questions
What is the gross rental yield in Rhode Island?
In 2024, Rhode Island had a gross rental yield of 3.7% — $1,418/mo median gross rent against a $456K median home value. That ranks 42nd of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Rhode Island metros have the best rental yield?
Among Rhode Island metros covered by the data, gross yield was highest in Providence-Warwick, RI-MA (3.6%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Rhode Island
Yield shows where the numbers work; our Investor Financing Report for Rhode Island shows the rate premium, denial rate, and DSCR lending investors face there.
Run a Rhode Island deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.