Johnston, RI—02919
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Johnston, RI
As of Oct '25, the median home price in Johnston, RI is $439,000, with a year-over-year change of 3.9%. This indicates that home prices in Johnston, RI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $439,000 | 3.9% |
| Single Family | $447,000 | 3.5% |
| Condos | $313,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $272,000 | 3.8% |
2 Bed | $355,000 | 2.0% |
3 Bed | $455,000 | 3.6% |
4 Bed | $512,000 | 3.9% |
| 5 Bed | $542,000 | 4.4% |
% of Housing Stock
Rental Trends — Johnston, RI
As of July '25, Rentcast reports the average rent in Johnston, RI is $1,990, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Johnston, RI is studios: $1,740, 1-bedrooms: $2,000, 2-bedrooms: $1,950, 3-bedrooms: $2,300. The most common rental property sizes in Johnston, RI are 2-bedroom and 3-bedroom, accounting for 41.2% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,080 | $1,990 |
| Studio Rent | $1,740 | $1,740 |
| 1 Bed Rent | $1,800 | $2,000 |
| 2 Bed Rent | $2,100 | $1,950 |
| 3 Bed Rent | $2,100 | $2,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Johnston, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Johnston, RI is 24. This is a decrease of -13.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $498,000 | 10.0% |
Listing Count | 114 | 24.0% |
| Listings as % of Homes | 0.6% | 24.0% |
Days on Market | 24 | -13.0% |
Demographics — Johnston, RI
As of the latest ACS Survey released in 2023, Johnston, RI has a population of 29,500, which has remained stable by 0.7% over the past 5 years. Johnston, RI is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 29.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | 0.7% |
% Under 18 | 19.3% | 9.7% |
% Seniors | 21.1% | 6.6% |
% WFH | 10.9% | 336.0% |
% w/ College Degree | 29.1% | 31.7% |
As of the latest ACS Survey released in 2023, Johnston, RI is a predominantly white area, with 74.7% of the population identifying as white. The white population has shrunk by 11.4% in the last 5 years. The second most common race or ethnicity in Johnston, RI is hispanic, making up 17.3% of the population. Foreign-born residents account for 10.9% of the population in Johnston, RI, and this percentage has increased by 21.1% 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 | 74.7% | -11.4% |
% Black | 3.6% | 100.0% |
% Hispanic | 17.3% | 101.2% |
% Asian | 0.8% | -77.8% |
% Foreign Born | 10.9% | 21.1% |
Mortgage and Risk — Johnston, RI
According to HUD data as of 2023, there were 657 mortgage originations in Johnston, RI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Johnston, RI. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 657 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Johnston, RI
Johnston, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,091 |
Total Units Section 8 | 799 |
% Rentals under Section 8 | 25.8% |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $1,800 | $1,300 |
| 2 Bedroom | -$510 | $2,100 | $1,590 |
| 3 Bedroom | -$180 | $2,100 | $1,920 |
| 4 Bedroom | N/A | N/A | $2,320 |
Affordability — Johnston, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $439,000 |
| Median Household Income | $87,800 |