West Greenwich, RI—02817
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Greenwich, RI
As of Nov '25, the median home price in West Greenwich, RI is $564,000, with a year-over-year change of 8.0%. This indicates that home prices in West Greenwich, RI are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $564,000 | 8.0% |
| Single Family | $582,000 | 7.8% |
| Condos | $508,000 | 11.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $453,000 | 8.1% |
3 Bed | $580,000 | 7.4% |
4 Bed | $682,000 | 6.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Greenwich, RI
As of July '25, Rentcast reports the average rent in West Greenwich, RI is $3,390, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in West Greenwich, RI is 1-bedrooms: $3,410, 2-bedrooms: $3,310, 3-bedrooms: $4,370. The most common rental property sizes in West Greenwich, RI are 2-bedroom and 4-bedroom, accounting for 60.3% and 14.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,490 | $3,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,510 | $3,410 |
| 2 Bed Rent | $3,260 | $3,310 |
| 3 Bed Rent | $3,760 | $4,370 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Greenwich, RI
As of Nov '25, Realtor.com reports that the median days on market for a home in West Greenwich, RI is 32. This is a decrease of -36.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 1.0% |
Listing Count | 18 | -8.0% |
| Listings as % of Homes | 0.8% | -8.0% |
Days on Market | 32 | -36.0% |
Demographics — West Greenwich, RI
As of the latest ACS Survey released in 2023, West Greenwich, RI has a population of 6,600, which has increased by 9.4% over the past 5 years. West Greenwich, RI is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 34.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,600 | 9.4% |
% Under 18 | 17.9% | -19.4% |
% Seniors | 18.0% | 35.3% |
% WFH | 9.5% | 43.9% |
% w/ College Degree | 34.6% | -18.2% |
As of the latest ACS Survey released in 2023, West Greenwich, RI is a predominantly white area, with 84.5% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in West Greenwich, RI is hispanic, making up 8.3% of the population. Foreign-born residents account for 10.4% of the population in West Greenwich, RI, and this percentage has increased by 89.1% 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 | 84.5% | -6.1% |
% Black | 0.4% | -81.0% |
% Hispanic | 8.3% | 72.9% |
% Asian | 1.4% | 0.0% |
% Foreign Born | 10.4% | 89.1% |
Mortgage and Risk — West Greenwich, RI
According to HUD data as of 2023, there were 121 mortgage originations in West Greenwich, RI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in West Greenwich, RI. Investor activity is low, as 0.0% 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 | 121 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Rentals and Section 8 — West Greenwich, RI
West Greenwich, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,530 | $3,510 | $1,980 |
| 2 Bedroom | -$840 | $3,260 | $2,420 |
| 3 Bedroom | -$840 | $3,760 | $2,920 |
| 4 Bedroom | N/A | N/A | $3,540 |
Affordability — West Greenwich, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $564,000 |
| Median Household Income | $137,000 |