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City · 83,175 residents · Kent County, Rhode Island

Warwick , Rhode Island

In Warwick, a typical home is worth $354,600 and typical rent is $1,363 a month. Compared with all of Kent County, typical household income is 6% lower.

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  • Typical home value

    $354,600

    3% below the county

    12% below Rhode Island

    • Warwick
    • Kent
    • Rhode Island

  • Typical rent

    $1,363a month

    3% above the county

    About the same as Rhode Island

    • Warwick
    • Kent
    • Rhode Island

  • Typical household income

    $88,708a year

    6% below the county

    About the same as Rhode Island

    • Warwick
    • Kent
    • Rhode Island

  • Households that own their home

    73%

    About the same as the county

    10 points above Rhode Island

    • Warwick
    • Kent
    • Rhode Island

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$420,635
4.3% more than 12 months ago
Typical rent
$2,235 a month
5.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Warwick is in Kent 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 Kent County. See the county

Data updated: October 1, 2026 11 official sources

The homes here

Housing in Warwick

What homes there are in Warwick, 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

The detached house is the most common home in Warwick: 69% of homes, near the figure in Kent County (67%).

Year built

The typical home in Warwick was built in 1961, 6 years before the typical one in Kent County.

There are fewer big homes in Warwick than in Kent County: 53% have 3 bedrooms or more, against 56%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Kent County is $787,750, and about 96% of owner-occupied homes in Warwick are worth less than that.

Monthly rent with utilities

About 75% of rented homes in Warwick cost less than HUD's 2-bedroom fair market rent for Kent County ($1,879).

With a mortgage

$2,095 a month

Kent County: $2,195 a month

Without a mortgage

$813 a month

Kent County: $868 a month

Owners with a mortgage

69%

Kent County: 67%

In Warwick, 69% of owners have a mortgage; their typical cost is $2,095 a month, about the same as in Kent County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Kent County, the typical home value in Warwick rose 57% since 2015–2019.

Since 2015–2019, the typical rent in Warwick rose 17%, less than in Kent County (23%).

The typical household income in Warwick rose 20% over that time; home values changed +57% and rent +17%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureWarwickKent CountyRhode IslandUnited States
Rental vacancy Unreliable estimate4.3%4.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room 1.6%1.2%2.2%3.4%
People per household 2.282.332.392.53
Drive alone 77%78%72%69%
Carpool 8%7%8%9%
Public transit 1%1%2%3%
Walk or bike 1%1%3%3%
Work from home 12%12%13%15%
Other means 1%1%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Warwick, 1.6% of households live with more than one person per room, about the same as in Kent County.

Much as in Kent County, a household in Warwick has 2.28 people on average.

In Warwick, 77% of workers drive alone to work; in Kent County, 78%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Warwick?

A typical home costs more than the typical income allows

We start with a typical home in Warwick, worth $354,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Warwick, which is $88,708 a year. For that payment to be 28% of income, a household would need to earn about $130,603 a year.

The calculator's FHA and conventional loan limits are those of all of Kent County.

Your numbers

Local data
$

Starts at the typical home value in Warwick. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,411 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,047

at 7.18% · 30 years

Loan amount
$348,177
Total interest
$500,945
Paid off in
November 2056

Includes $5,988 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,070 a month

  • Tight

    $2,070 to $2,661 a month

  • Hard

    more than $2,661 a month

    Your payment · 41%

Compared with the typical household income in Warwick ($88,708 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,047
Principal & interest$2,359
Property tax$384
Home insurance$148
FHA mortgage insurance (MIP)$157

You need at least $12,411 for the down payment, plus closing costs.

Next step

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.

The city and its county

Warwick and Kent County

Warwick is in Kent 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).

Warwick's own numbers

Typical home value
$354,600
Typical monthly rent
$1,363
Typical yearly household income
$88,708
Households that own their home
73%
Effective property tax rate
1.3%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Kent County

FHA limit, one-unit home
$787,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,879
Price change over 5 years (FHFA)
+66%
Homes in a high flood-risk zone
2.9%

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 Kent County.

Everything about Kent County

Buying

Buying a home in Warwick

A typical home in Warwick is worth $354,600: 3% below the county and 12% below Rhode Island. With the typical household income in Warwick ($88,708 a year), a typical home costs 4.0 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.

  • Warwick 4.0 years
  • Kent 3.9 years
  • Rhode Island 4.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Kent County

According to FHFA’s house price index, home prices in Kent County rose 115% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Kent County.

Period County Rhode Island U.S.
Last year (2025) +5.3% +5.4% +2.9%
5 years (2020–2025) +66% +65% +47%
10 years (2015–2025) +115% +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

Warwick next to Kent 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
  • Warwick $354,600
  • Kent $366,100
  • Rhode Island $404,200
  • United States $332,700
Typical monthly rent
  • Warwick $1,363
  • Kent $1,327
  • Rhode Island $1,342
  • United States $1,413
Typical yearly household income
  • Warwick $88,708
  • Kent $94,345
  • Rhode Island $87,796
  • United States $80,734
See the full table
Warwick next to Kent County and Rhode Island
Measure Warwick Kent County Rhode Island U.S.
Typical home value $354,600 $366,100 $404,200 $332,700
Typical monthly rent $1,363 $1,327 $1,342 $1,413
Typical yearly household income $88,708 $94,345 $87,796 $80,734
Households that own their home 73% 73% 64% 65%
Typical yearly property tax $4,616 $4,957 $4,900 $3,119
Effective property tax rate 1.3% 1.35% 1.21% 0.94%
Renters with high rent for their income 53% 50% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Kent 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 Warwick

For a typical $354,600 home in Warwick, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Warwick's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,047a month

    Least cash to close
    Down payment
    $12,411
    Cash to close
    $23,049
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $157

  • Conventional, 5% down $2,982a month

    Down payment
    $17,730
    Cash to close
    $28,368
    Rate
    7.18%
    Mortgage insurance
    PMI · $168

  • Conventional, 20% down, no PMI $2,454a month

    Down payment
    $70,920
    Cash to close
    $81,558
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,781a month

    Down payment
    $53,190
    Cash to close
    $63,828
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Warwick and for Kent County.

Property tax

Effective rate in Warwick

1.3%of the home’s value each year

$4,616 a year for the typical owner in Warwick.

  • Warwick 1.3%
  • Kent 1.35%
  • Rhode Island 1.21%

What Rhode Island publishes Homestead exemption from your city or town (Rhode Island General Assembly (Rhode Island General Laws, Title 44))

Exemptions and deadlines in Rhode Island

Flood risk in Kent County

FEMA does not publish these numbers by city: they are for all of Kent County.

Homes in the high-risk zone
2.9%
1,565
Of those, with NFIP insurance
48%
County Rhode Island U.S.
Homes in the high-risk zone 2.9% 3.7% 3.5%
Of those, with NFIP insurance 48% 49% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Warwick

Typical rent in Warwick is $1,363 a month: 3% above the county. In Warwick, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Kent County, by unit size. 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.

HUD fair market rent for all of Kent County

What you need to earn to pay it without spending more than 30% of income, working full time.

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

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Warwick

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Warwick has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,760 in 02888 to $2,150 in 02886.

2 of the 3 are above the fair market rent for Kent County ($1,879).

  • 02886 $2,150$2,630
  • 02888 $1,760$2,160
  • 02889 $1,990$2,440

A ZIP code counts for Warwick 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Warwick

HUD lists 21 buildings with rents for lower incomes in Warwick. These are the largest.

  • Greenwich Village 300 Lambert Lind Hwy, Warwick 02886 201 homes, 200 low-income · For older adults (401) 732-3226
  • Meadowbrook Terrace 2220 Warwick Ave, Warwick 02889 180 low-income homes · Run by Warwick Housing Authority · Average payment: $445 a month · Average wait: 22 months (401) 732-8500
  • Sparrows Point III 355 Hardig Rd, Warwick 02886 176 homes, 175 low-income · For older adults
  • Warwick Terrace 25 Easton Ave, Warwick 02888 153 homes, 151 low-income · Run by Warwick Housing Authority · Average payment: $454 a month · Average wait: 12 months (401) 732-8500
  • Sparrows Point I 311 Hardig Rd, Warwick 02886 151 homes, 150 low-income · For older adults (401) 884-9335

See all 46 buildings in Kent County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Warwick

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 Kent County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Warwick

No down payment, repair or rent-help program on our list is for Warwick or Kent County. The ones below are statewide in Rhode Island: they work in Warwick the same as in the rest of the state.

Which programs do I qualify for? All programs in Rhode Island

  • 15kDPA

    Statewide in Rhode Island

    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.

    Deferred

    See the program Official page

  • Extra Assistance

    Statewide in Rhode Island

    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.

    Repayable

    See the program Official page

Housing counselors near Warwick

The HUD-approved agencies closest to the center of Warwick, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • West Elmwood Housing Development Corporation

    224 Dexter St, Providence · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (401) 453-3220

  • Providence Housing Authority

    50 Laurel Hill Ave, Providence · 8 miles away · Spanish

    Also serves in American Sign Language (ASL) and Portuguese.

    • Budget and credit workshops
    • Workshops for new owners
    • and 2 more
    (401) 751-6400

  • Rhode Island Housing Help Center

    44 Washington St, Providence · 8 miles away · Spanish

    • Mortgage delinquency and default
    (401) 457-1000

All counseling agencies in Rhode Island

Help in Spanish near Warwick

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Warwick

HUD’s record names them for Warwick or Kent County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Warwick Housing Authority Public housing and Section 8 vouchers (401) 732-8500
  • Kent County Mental Health Center Section 8 vouchers (401) 738-1338

3 other authorities have an office in Kent County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Warwick, with the typical home value.

Everything about Kent County Housing in Rhode Island

Neighboring counties

If Kent County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Warwick.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Warwick

Short answers with the numbers for Warwick and all of Kent 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 Warwick?

The typical home value in Warwick is $354,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Kent County it is $366,100.

How much does it cost to rent in Warwick?

Typical rent in Warwick is $1,363 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Kent County is $1,879.

What is the FHA loan limit in Warwick?

Warwick uses the FHA limit for all of Kent 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 Warwick?

The typical homeowner in Warwick pays $4,616 a year, according to the U.S. Census Bureau. That is 1.3% of the home’s value; in Kent County, the rate is 1.35%.

Where can I find free help to buy or rent in Warwick?

We found no HUD-approved counseling agencies with an office in Kent County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).