City · 9,302 residents · Washington County, Rhode Island
Wakefield-Peace Dale, Rhode Island
In Wakefield-Peace Dale, a typical home is worth $494,400 and typical rent is $1,258 a month. Compared with all of Washington County, typical rent is 5% lower and the share of households that own their home is 11 points lower.
Wakefield-Peace Dale is in Washington County. The FHA loan limit ($787,750 for a one-unit home), the fair market rents and the help on this page are those of all of Washington County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Warwick, the typical home value is $354,600: 28% less than in Wakefield-Peace Dale ($494,400).
2
66% of households in Wakefield-Peace Dale own their home, against 78% in Washington County.
3
Wakefield-Peace Dale has the 2nd smallest share of rent-burdened renters of the 15 cities in Rhode Island with more than 5,000 people (44%).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Wakefield-Peace Dale
What homes there are in Wakefield-Peace Dale, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Wakefield-Peace Dale
Washington County
Rhode Island
United States
Kind of home: Wakefield-Peace Dale and its comparisons
Measure
Wakefield-Peace Dale
Washington County
Rhode Island
United States
Detached house
66%
77%
56%
61%
Attached house
6%
3%
4%
6%
Building of 2 to 4
17%
9%
22%
8%
Apartments (5 or more)
Unreliable estimate
9%
17%
19%
Mobile home
Unreliable estimate
1%
1%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
Unreliable estimate
0%
In Wakefield-Peace Dale, 7 in 10 homes are single-family detached houses; in Washington County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or later
Wakefield-Peace Dale
Washington County
Rhode Island
United States
Year built: Wakefield-Peace Dale and its comparisons
Measure
Wakefield-Peace Dale
Washington County
Rhode Island
United States
Before 1960
42%
30%
48%
26%
1960–1979
19%
25%
23%
24%
1980–1999
24%
28%
19%
25%
2000–2009
9%
10%
6%
14%
2010 or later
7%
8%
4%
11%
There are fewer big homes in Wakefield-Peace Dale than in Washington County: 52% have 3 bedrooms or more, against 64%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K41%
$500K–$750K39%
$750K–$1M7%
$1M or moreUnreliable
Value of owner-occupied homes: Wakefield-Peace Dale and its comparisons
Measure
Wakefield-Peace Dale
Under $100K
Unreliable estimate
$100K–$200K
Unreliable
$200K–$300K
Unreliable estimate
$300K–$500K
41%
$500K–$750K
39%
$750K–$1M
7%
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99918%
$1,000–$1,49943%
$1,500–$1,99922%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Wakefield-Peace Dale and its comparisons
Measure
Wakefield-Peace Dale
Under $500
Unreliable estimate
$500–$999
18%
$1,000–$1,499
43%
$1,500–$1,999
22%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,223 a month
Washington County: $2,364 a month
Without a mortgage
$906 a month
Washington County: $947 a month
Owners with a mortgage
65%
Washington County: 65%
Owning costs less in Wakefield-Peace Dale: with a mortgage, the typical cost is $2,223 a month; in Washington County, $2,364. Without one, $906.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Wakefield-Peace DaleBoundaries changed
Washington County+49%
Rhode Island+54%
United States+53%
Typical rent
Wakefield-Peace DaleBoundaries changed
Washington County+17%
Rhode Island+34%
United States+33%
Typical household income
Wakefield-Peace DaleBoundaries changed
Washington County+25%
Rhode Island+31%
United States+29%
Change since 2015–2019: Wakefield-Peace Dale and its comparisons
Measure
Wakefield-Peace Dale
Washington County
Rhode Island
United States
Typical home value
Boundaries changed
+49%
+54%
+53%
Typical rent
Boundaries changed
+17%
+34%
+33%
Typical household income
Boundaries changed
+25%
+31%
+29%
The Census does not compare Wakefield-Peace Dale with 2015–2019 because its boundaries changed. In Washington County, over that time, the typical home value rose 49%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Wakefield-Peace Dale and its comparisons
Measure
Wakefield-Peace Dale
Washington County
Rhode Island
United States
Rental vacancy
Unreliable estimate
4.9%
4.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.6%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
2.2%
3.4%
People per household
2.20
2.34
2.39
2.53
Drive alone
77%
76%
72%
69%
Carpool
7%
5%
8%
9%
Public transit
Unreliable estimate
1%
2%
3%
Walk or bike
Unreliable estimate
3%
3%
3%
Work from home
14%
15%
13%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Wakefield-Peace Dale are smaller: 2.20 people on average; in Washington County, 2.34.
To get to work, 77% of workers in Wakefield-Peace Dale drive alone; in Washington County, 76%.
Do the math
What would you pay each month for a home in Wakefield-Peace Dale?
A typical home costs more than the typical income allows
We start with a typical home in Wakefield-Peace Dale, worth $494,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 46% of the typical household income in Wakefield-Peace Dale, which is $106,551 a year. For that payment to be 28% of income, a household would need to earn about $175,737 a year.
The calculator's FHA and conventional loan limits are those of all of Washington County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Wakefield-Peace Dale. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $17,304 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$4,100
at 7.18% · 30 years
Loan amount
$485,445
Total interest
$698,442
Paid off in
November 2056
Includes $8,349 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,486 a month
Tight
$2,486 to $3,197 a month
Hard
more than $3,197 a month
Your payment · 46%
Compared with the typical household income in Wakefield-Peace Dale ($106,551 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,289
Property tax
$387
Home insurance
$206
FHA mortgage insurance (MIP)
$219
You need at least $17,304 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $4,100; principal and interest $3,289.
The city and its county
Wakefield-Peace Dale and Washington County
Wakefield-Peace Dale is in Washington County, Rhode Island. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Wakefield-Peace Dale
Map of Washington County, Rhode Island, with Wakefield-Peace Dale marked. Around it, the neighboring counties.
Wakefield-Peace Dale
Washington County
Other cities with a page
Wakefield-Peace Dale's own numbers
Typical home value
$494,400
Typical monthly rent
$1,258
Typical yearly household income
$106,551
Households that own their home
66%
Effective property tax rate
0.94%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Washington County
FHA limit, one-unit home
$787,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,832–$1,879
Price change over 5 years (FHFA)
+66%
Homes in a high flood-risk zone
9.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Washington County.
A typical home in Wakefield-Peace Dale is worth $494,400: 3% below the county and 22% above Rhode Island. With the typical household income in Wakefield-Peace Dale ($106,551 a year), a typical home costs 4.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Wakefield-Peace Dale4.6 years
Washington4.8 years
Rhode Island4.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Washington County
According to FHFA’s house price index, home prices in Washington County rose 108% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Washington County.
Yearly change in FHFA’s price index in Washington County, 2016 to 2025
2016: +4.1% +4.1% 2016
2017: +4.2% +4.2% 2017
2018: +6.8% +6.8% 2018
2019: +4.6% +4.6% 2019
2020: +3.4% +3.4% 2020
2021: +12.2% +12.2% 2021
2022: +17.1% +17.1% 2022
2023: +9.2% +9.2% 2023
2024: +8.6% +8.6% 2024
2025: +6.3% +6.3% 2025
Change in FHFA’s price index in Washington County, Rhode Island and the United States
Period
County
Rhode Island
U.S.
Last year (2025)
+6.3%
+5.4%
+2.9%
5 years (2020–2025)
+66%
+65%
+47%
10 years (2015–2025)
+108%
+112%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Wakefield-Peace Dale next to Washington County, Rhode Island and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Wakefield-Peace Dale$494,400
Washington$510,800
Rhode Island$404,200
United States$332,700
Typical monthly rent
Wakefield-Peace Dale$1,258
Washington$1,327
Rhode Island$1,342
United States$1,413
Typical yearly household income
Wakefield-Peace Dale$106,551
Washington$106,638
Rhode Island$87,796
United States$80,734
See the full table
Wakefield-Peace Dale next to Washington County and Rhode Island
Measure
Wakefield-Peace Dale
Washington County
Rhode Island
U.S.
Typical home value
$494,400 ▼3% below the county
$510,800
$404,200
$332,700
Typical monthly rent
$1,258 ▼5% below the county
$1,327
$1,342
$1,413
Typical yearly household income
$106,551
$106,638
$87,796
$80,734
Households that own their home
66% ▼11 points below the county
78%
64%
65%
Typical yearly property tax
$4,624 ▼9% below the county
$5,102
$4,900
$3,119
Effective property tax rate
0.94% ▼0.06 points below the county
1%
1.21%
0.94%
Renters with high rent for their income
44% ▼8 points below the county
51%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Washington County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Wakefield-Peace Dale
For a typical $494,400 home in Wakefield-Peace Dale, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Wakefield-Peace Dale's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,101a month
Least cash to close
Down payment
$17,304
Cash to close
$32,136
Rate
7.18%
Mortgage insurance
FHA MIP · $219
Conventional, 5% down$4,010a month
Down payment
$24,720
Cash to close
$39,552
Rate
7.18%
Mortgage insurance
PMI · $235
Conventional, 20% down, no PMI$3,273a month
Down payment
$98,880
Cash to close
$113,712
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,730a month
Down payment
$74,160
Cash to close
$88,992
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Wakefield-Peace Dale
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$4,101
$17,304
$485,445
7.18%
FHA MIP · $219
$32,136
580
Conventional, 5% down
$4,010
$24,720
$469,680
7.18%
PMI · $235
$39,552
620*
Conventional, 20% down, no PMI
$3,273
$98,880
$395,520
7.18%
None
$113,712
620*
ITIN, 15% down (example)
$3,730
$74,160
$420,240
8.18%
None
$88,992
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Wakefield-Peace Dale is $1,258 a month: 5% below the county. In Wakefield-Peace Dale, 44% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for each area of Washington County. In Providence-Fall River, RI-MA HUD Metro FMR Area, the area where most people live, to pay the 2-bedroom one ($1,879 a month) without spending more than 30% of your income, you would need to earn $36.13 an hour working full time.
Fair market rent by size in Providence-Fall River, RI-MA HUD Metro FMR Area
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Providence-Fall River, RI-MA HUD Metro FMR Area (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,423
$27.37
$56,920
1 bedroom
$1,509
$29.02
$60,360
2 bedrooms
$1,879
$36.13
$75,160
3 bedrooms
$2,302
$44.27
$92,080
4 bedrooms
$2,615
$50.29
$104,600
HUD splits this county into 2 areas with different fair market rents: for 2 bedrooms they run from $1,832 to $1,879. The table by area, below, shows which one each town is in.
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
Fair market rent by HUD area in Washington County
HUD splits this county into 2 areas, each with its own fair market rent. Find your town in its area's list; the housing agency tells you which one it uses for your voucher.
Fair market rent by HUD area in Washington County
HUD area
Studio
1 bd
2 bd
3 bd
4 bd
Hourly wage, 2 bd
Providence-Fall River, RI-MA HUD Metro FMR AreaThe area where most people live6 towns in this area
Charlestown town, Exeter town, Narragansett town, North Kingstown town, Richmond town, South Kingstown town
$1,423
$1,509
$1,879
$2,302
$2,615
$36.13
Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area3 towns in this area
Hopkinton town, New Shoreham town, Westerly town
$1,391
$1,400
$1,832
$2,325
$2,758
$35.23
HUD fair market rent by area and size, per month, Fiscal year 2027. The wage is what full-time work must pay to rent 2 bedrooms without spending more than 30% of income. Source: HUD, Fiscal year 2027Source: Fair Market Rents (HUD)Fiscal year 2027Fair Market Rents (HUD) (external site)
By ZIP code
Fair market rent by ZIP code in Wakefield-Peace Dale
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Wakefield-Peace Dale is in ZIP code 02879.
For 2 bedrooms it is $1,980.
Fair market rent by ZIP code and size in Wakefield-Peace Dale, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
02879
$1,500
$1,590
$1,980
$2,430
$2,760
ZIP code2 bd3 bd
02879 $1,980$2,430
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Wakefield-Peace Dale when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Washington County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Wakefield-Peace Dale or Washington County. The ones below are statewide in Rhode Island: they work in Wakefield-Peace Dale the same as in the rest of the state.
Rhode Island state agency loan of $15,000 at 0% with no monthly payments for the down payment or closing costs of first-time buyers with a RIHousing mortgage; repaid when you sell or leave the home.Offered by RIHousing.
RIHousing second mortgage for first-time buyers, of up to 6% of the price or $20,000 (whichever is less) for the down payment, which you repay over 15 years at the same rate as your RIHousing mortgage.Offered by RIHousing.
The HUD-approved agencies closest to the center of Wakefield-Peace Dale, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
WE
West Elmwood Housing Development Corporation
224 Dexter St, Providence · 25 miles away · Spanish
No legal help resource on our list is for Wakefield-Peace Dale or Washington County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Wakefield-Peace Dale and all of Washington County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Wakefield-Peace Dale?
The typical home value in Wakefield-Peace Dale is $494,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Washington County it is $510,800.
How much does it cost to rent in Wakefield-Peace Dale?
Typical rent in Wakefield-Peace Dale is $1,258 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Washington County is $1,832–$1,879.
What is the FHA loan limit in Wakefield-Peace Dale?
Wakefield-Peace Dale uses the FHA limit for all of Washington County (2026): $787,750 for a one-unit home and $1,514,950 for a four-unit home.
How much property tax do owners pay in Wakefield-Peace Dale?
The typical homeowner in Wakefield-Peace Dale pays $4,624 a year, according to the U.S. Census Bureau. That is 0.94% of the home’s value; in Washington County, the rate is 1%.
Where can I find free help to buy or rent in Wakefield-Peace Dale?
We found no HUD-approved counseling agencies with an office in Washington County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
