Warwick, Rhode Island.
Typical home $420,635 (+4.3% in a year), asking rent $2,235 (+5.7%). Providence-Warwick, RI-MA metro.
to buy the typical home at today's mortgage rate — +$1,296 (+142%) since Jan 2020.
- 1 year
- Up $17,197 +4%
- $403,438$420,635 since Sep 2025
- 5 years
- Up $110,941 +36%
- $309,694$420,635 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Warwick$2,208
- Rhode Island$2,669
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Warwick, RI rose 4.3% over the past year — faster than the nation's +1.2%.
Asking rents in Warwick, RI rose 5.7% over the past year — faster than the nation's +2.7%.
Owning the typical home in Warwick runs $898/mo more than renting one. The gap peaked at $950 in Jan 2025.
That is $3,133 a month against $2,235 rent: a $2,208 mortgage payment, plus $475 property tax and $450 insurance & upkeep.
Owning vs renting — Warwick
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,133
- Renting$2,235
- Mortgage only$2,208
Property tax · $475/mo 1.35% of value a year — the ACS 2020-2024 median bill over the median home value for Kent County, RI
Insurance & upkeep · $450/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Warwick, Kent County, Rhode Island
Warwick is a city of 82,823 people in Kent County. Half its households earn more than $88,708 a year and half less, against $94,345 across Kent County; 8% of its people live below the poverty line. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Warwick was 3.3% in August 2026, and Kent County had 1.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Warwick is the largest city in Kent County and one of the larger places in Rhode Island, on the shore of Narragansett Bay. Most homes are lived in by their owners, and residents are somewhat older than across the country as a whole. Household incomes sit below the county's, and a four-year degree is held by a smaller group of adults than many might expect of a suburban city. Winters are cold, with the coldest days in January, and snow is regular; summers are warm, with July the warmest month, and the year brings a fair amount of rain and melted snow.
Work. Many residents work in schools, hospitals and social care, followed by shops, professional and business services, and manufacturing. The biggest workplaces in Warwick include Kent County Memorial Hospital, Warwick Schools and the Community College of Rhode Island. Unemployment is lower than it was a year ago, and Kent County has added jobs over the past year. A typical commute is a moderate one, and a modest group of residents work from home.
Things to do. A few green and watery places are a short drive away, among them Goddard Memorial State Park, a protected area, and the Pawtuxet River. Roger Williams National Memorial, also a short drive off, is a protected area that recalls the founding of Rhode Island. For a longer outing, The Breakers, a museum in a famous Newport mansion, is a longer drive away.
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- 36,055households
- 34%of adults have a degree
- 8%below the poverty line
- 25 mintypical commute
- 12%work from home
What residents work in
Employed residents by industry, from the Census survey. Kent County had 76,660 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 22°; warmest in July, with highs near 84° and lows near 65°. About 37 inches of snow and 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Providence T F Green Airport weather station, a mile away (NOAA).
Largest workplaces in Warwick
- Kent County Memorial HospitalGeneral hospital2,119FTE
- Warwick SchoolsSchool district1,395FTE
- Community College of Rhode IslandTwo-year college1,380
- Care New England Medical GroupMedical doctors' offices1,210
- UPSCouriers and express delivery services1,199
- Antaya TechnologiesAutomotive harness and ignition sets manufacturing418
- BAYADA Home Health CareHome health care416
- Demoulas Super Markets367
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 107 workplaces with 20 or more staff, 13,170 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Warwick’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Kent County and the Providence-Warwick, RI-MA metro.
Warwick home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Warwick$420,635
- Rhode Island$508,507
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Warwick listings, and the typical home goes pending in 11 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Warwick24.70%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Warwick11
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Warwick237
New listings per month
Sellers arriving at the market.
- Warwick113
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Warwick$418,475
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Warwick102.10%
Zip codes with a Warwick address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Warwick — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Warwick
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 02886 | Warwick | 31,293 | $2,235 | $422,444 |
| 02889 | Warwick | 27,516 | $2,319 | $413,780 |
| 02888 | Warwick | 19,134 | $1,800 | $412,394 |