Rhode Island - Real Estate

Move to Rhode Island

The first of the thirteen original American colonies, Rhode Island is actually not an island but is bordered by Massachusetts, Connecticut and the Atlantic Ocean. Once known as a leader in the textile industry and for its summer homes for the nation's high society, here you'll find award-winning public schools, miles of beautiful beaches, music festivals, yacht racing and historic New England architecture. The residents of the "The Ocean State" take great pride in their homes and communities, apparent as you look around and see the pristine parks, gardens, beaches and forests.

The cost of living in Rhode Island is about 28 percent above the national average with a median home price around $282,000. The high cost of living is attributed to the high quality of life the residents enjoy, including low crime and a quality school system.

From historic mansions to a modest townhouse, Rhode Island offers its residents plenty to choose from. Cities routinely end up on lists for the best cities to live, with a low crime rate, fantastic school systems and high quality of life, making Rhode Island a perfect place for families and retirees to settle. Once a thriving textile industry, some of the abandoned factories have now been converted into retirement facilities and lofts. Available property types include: Single Family, Multi-Family, New Developments, Town Homes & Condominiums, Waterfront, Golf Communities, Historic Homes, Victorians, Colonials and Ranches, Vacation Homes, Upscale Residence Care Apartments and Condominiums for the Elderly, Lots & Land and Investment Properties.

Rhode Island's economy depends on three industries: health services, tourism and manufacturing. Manufacturing includes fashion jewelry, fabricated metal products, electric equipment, machinery and ship- and boatbuilding. Some of the agricultural outputs are nursery stock, vegetables and dairy products.

You're never more than a half hour away from the shore of Rhode Island and off the coast there are many smaller islands complete with ocean-front resorts, majestic estates and rugged bluffs. Residents and tourists can enjoy the ocean's beaches, prime boating, and swimming. For those who prefer to explore what the cities have to offer can choose from hundreds of shopping centers, restaurants, museums, theaters, art galleries and more. Rhode Island also boasts an active nightlife with trendy clubs, concert and music venues and more and in the larger cities; almost everything is within walking distance.

Rhode Island features four distinct seasons. During the summer the weather is warm and humid with occasional showers and during the winter months residents enjoy the snowfalls and temperatures around 20 degrees. The area is mostly flat with no real mountains and plenty of forests. Divided into two regions, the eastern part of the state contains the Narragansett Bay lowlands and the New England Upland in the west. Within Narragansett Bay, you'll find over 30 islands including the largest, Aquidneck Island.

To learn more about specific communities in Rhode Island, request a Free Relocation Packet prepared by a HomeRoute Preferred™ local community expert. This exclusive guide will be customized to your specific home search and help you prepare for your upcoming move to Rhode Island.

Information provided courtesy of HomeRoute.