The median value for homes in Rhode Island is $284,200, and the average outstanding mortgage amount is $185,777. Rhode Island has an average monthly mortgage payment cost of $1,118, ranking 25th in the United States.
The average household earns approximately $7,127 per month. However, these figures represent average rates across the state, and your actual cost may vary depending on factors like home price and interest rates.
This guide describes how to use the MoneyGeek Rhode Island mortgage calculator to obtain a personalized quote and suggests ways to lower your mortgage payments.