Middletown, RI—02842
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Middletown, RI
As of Oct '25, the median home price in Middletown, RI is $733,000, with a year-over-year change of 5.1%. This indicates that home prices in Middletown, RI are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $733,000 | 5.1% |
| Single Family | $752,000 | 4.4% |
| Condos | $645,000 | 6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $514,000 | -0.8% |
2 Bed | $612,000 | 5.5% |
3 Bed | $706,000 | 4.4% |
4 Bed | $944,000 | 6.3% |
| 5 Bed | $1,429,000 | 8.3% |
% of Housing Stock
Rental Trends — Middletown, RI
As of July '25, Rentcast reports the average rent in Middletown, RI is $3,720, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Middletown, RI is studios: $3,250, 1-bedrooms: $2,210, 2-bedrooms: $3,530, 3-bedrooms: $4,010, 4-bedrooms: $4,490. The most common rental property sizes in Middletown, RI are 3-bedroom and 2-bedroom, accounting for 33.0% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,720 |
| Studio Rent | $3,250 | $3,250 |
| 1 Bed Rent | $2,000 | $2,210 |
| 2 Bed Rent | $2,800 | $3,530 |
| 3 Bed Rent | $3,500 | $4,010 |
| 4 Bed Rent | $4,400 | $4,490 |
% of Rental Stock
Property Listings — Middletown, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Middletown, RI is 37. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $831,000 | -3.0% |
Listing Count | 40 | -13.0% |
| Listings as % of Homes | 0.4% | -13.0% |
Days on Market | 37 | -25.0% |
Demographics — Middletown, RI
As of the latest ACS Survey released in 2023, Middletown, RI has a population of 16,900, which has increased by 5.8% over the past 5 years. Middletown, RI is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 48.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 5.8% |
% Under 18 | 18.9% | -4.5% |
% Seniors | 22.5% | 19.0% |
% WFH | 9.6% | 182.4% |
% w/ College Degree | 48.6% | 11.5% |
As of the latest ACS Survey released in 2023, Middletown, RI is a predominantly white area, with 79.1% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Middletown, RI is hispanic, making up 6.9% of the population. Foreign-born residents account for 9.3% of the population in Middletown, RI, and this percentage has decreased by 2.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.1% | -1.1% |
% Black | 4.2% | -34.4% |
% Hispanic | 6.9% | 3.0% |
% Asian | 2.6% | 8.3% |
% Foreign Born | 9.3% | -2.1% |
Mortgage and Risk — Middletown, RI
According to HUD data as of 2023, there were 244 mortgage originations in Middletown, RI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Middletown, RI. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 244 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Middletown, RI
As of 2024, the percent of homes in Middletown, RI under the Section 8 program is 12.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Middletown, RI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 459 |
Total Units Section 8 | 385 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 81.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$400 | $2,000 | $1,600 |
| 2 Bedroom | -$700 | $2,800 | $2,100 |
| 3 Bedroom | -$700 | $3,500 | $2,800 |
| 4 Bedroom | -$1,160 | $4,400 | $3,240 |
Affordability — Middletown, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $733,000 |
| Median Household Income | $97,600 |