5 worst cities in rhode island1/3/2024 ![]() There's our analysis of the best places to buy a house in Rhode Island. Summary: The Best Places To Purchase A House In Rhode Island for 2022 Turns out that Narragansett Pier is the best potential gem in the not-so-rough in the Ocean State. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. We then ranked each place from 1 to 17 for the criteria mentioned above with 1 being the best for that criteria. So of the 0 cities and towns in Rhode Island, only 17 places made it through our initial filters to even be considered. Above 5,000 people ( Bigger cities have more data points).Home prices increased in the last year, and. ![]() Home prices had to be within 20% of the state average (Much lower than that and you get to some of the more dangerous places).We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Rhode Island with the following caveats: Home Prices Relative To The State Average (It's still kinda cheap).Y-o-Y Change In Median Home Prices (People are willing to pay for it).Y-o-Y Change In Population (People want to live here).Specifically, we used the following criteria: To do that we looked at the most recent American Community Survey Census data for 2016-2020 and compared it to the previous vintage (2012-2016). Here's a look at the top ten places to buy a home in Rhode Island for 2022. The best deal in Rhode Island at the moment? That would be Narragansett Pier according to our analysis. To do that we are going to look at places in Rhode Island that are growing faster than average, but where home prices are below average. That is we are going to try and determine the up and coming cities in the Ocean State. And while we are happy to tell you the best place to live in Rhode Island, this analysis is going to tackle the question of the best place to buy a house as an investor. ![]() We are just assuming you'll do the right thing and a buy a place. ![]() Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. There's a the age old question everyone thinks about when they decide to move to a city in Rhode Island:
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