Market Overview
Home Prices in Charlestown, RI
The median home value in Charlestown, RI is $707,420 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Charlestown are priced73% above average. Charlestown is part of the Providence-Warwick, RI-MA metro area.
Over the past five years, Charlestown home values have risen by approximately38.4%, reflecting strong long-term appreciation in this market.
Price History
Charlestown Home Price Trend
City Comparison
Charlestown vs. National Median
At $707,420, homes in Charlestown cost 73% above the national median of $410,000. Buyers in Charlestown should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Charlestown?
20% Down Payment
$141,484
on $707,420
Monthly P&I
$3,689/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,685/mo
incl. taxes & insurance
Income Needed
$187,400
gross annual (30% rule)
10% Down Option
$70,742
+ PMI applies
Loan Amount (20% dn)
$565,936
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Charlestown, RI?
The median home value in Charlestown is $707,420 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Charlestown?
Over the past year, home values in Charlestown have increased by 3.6%. Over five years, prices have risen approximately 38.4%.
How much do I need to earn to buy a home in Charlestown?
To comfortably afford the median home price of $707,420 with a 20% down payment ($141,484) at today's rates (6.8%), you'd need a gross annual income of approximately $187,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Charlestown compare to the national average home price?
The national median home value is approximately $410,000. At $707,420, homes in Charlestown are 73% above the national average.
What metro area is Charlestown part of?
Charlestown is part of the Providence-Warwick, RI-MA metropolitan area. Home prices and market conditions can vary across the broader metro region.