Mortgage payment estimates, closing cost breakdowns, and homebuying data for West Warwick, Rhode Island.
Pre-filled with West Warwick median home price and Rhode Island tax/insurance rates. Adjust for your property.
Estimated closing costs based on Rhode Island rates and fees applied to West Warwick prices.
The median home price in West Warwick is $295,000, 31% below the Rhode Island state median of $425,000. With a population of 29,191, West Warwick is a smaller market where home prices tend to be more accessible than in many parts of Rhode Island.
Property taxes in Rhode Island average 1.53% annually. This higher-than-average tax rate means a $295,000 home in West Warwick would carry roughly $376/month in property taxes alone — plan accordingly. Homeowners insurance in Rhode Island runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in West Warwick is $1,320/month. The price-to-rent ratio in West Warwick is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
West Warwick presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.