Charlestown, RI—02813
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Charlestown, RI
As of Oct '25, the median home price in Charlestown, RI is $682,000, with a year-over-year change of 2.2%. This indicates that home prices in Charlestown, RI are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $682,000 | 2.2% |
| Single Family | $711,000 | 2.3% |
| Condos | $306,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $373,000 | -0.3% |
2 Bed | $514,000 | 1.6% |
3 Bed | $708,000 | 2.6% |
4 Bed | $1,043,000 | 2.8% |
| 5 Bed | $2,024,000 | 5.9% |
% of Housing Stock
Rental Trends — Charlestown, RI
As of July '25, Rentcast reports the average rent in Charlestown, RI is $2,070, with a year-over-year rent change of -16.5%. Per bedroom, the median rent as of July '25 in Charlestown, RI is 1-bedrooms: $1,450, 2-bedrooms: $1,800, 3-bedrooms: $2,520. The most common rental property sizes in Charlestown, RI are 2-bedroom and 3-bedroom, accounting for 38.1% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,450 |
| 2 Bed Rent | $1,600 | $1,800 |
| 3 Bed Rent | $2,000 | $2,520 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Charlestown, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Charlestown, RI is 48. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $937,000 | 15.0% |
Listing Count | 49 | 41.0% |
| Listings as % of Homes | 0.5% | 41.0% |
Days on Market | 48 | 3.0% |
Demographics — Charlestown, RI
As of the latest ACS Survey released in 2023, Charlestown, RI has a population of 8,020, which has increased by 3.0% over the past 5 years. Charlestown, RI is a less popular place for families, as children make up 13.5% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,020 | 3.0% |
% Under 18 | 13.5% | -17.2% |
% Seniors | 25.8% | 15.7% |
% WFH | 16.3% | 579.2% |
% w/ College Degree | 41.7% | 12.1% |
As of the latest ACS Survey released in 2023, Charlestown, RI is a predominantly white area, with 93.9% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Charlestown, RI is hispanic, making up 3.0% of the population. Foreign-born residents account for 2.8% of the population in Charlestown, RI, and this percentage has increased by 133.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.9% | 0.0% |
% Black | 0.6% | 200.0% |
% Hispanic | 3.0% | 275.0% |
% Asian | 1.0% | -16.7% |
% Foreign Born | 2.8% | 133.3% |
Mortgage and Risk — Charlestown, RI
According to HUD data as of 2023, there were 199 mortgage originations in Charlestown, RI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Charlestown, RI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 199 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 24.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Charlestown, RI
Charlestown, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,250 | $1,540 |
| 2 Bedroom | $280 | $1,600 | $1,880 |
| 3 Bedroom | $270 | $2,000 | $2,270 |
| 4 Bedroom | N/A | N/A | $2,760 |
Affordability — Charlestown, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $682,000 |
| Median Household Income | $103,000 |