Market Overview
Home Prices in Narragansett, RI
The median home value in Narragansett, RI is $872,300 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 10.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Narragansett are priced113% above average. Narragansett is part of the Providence-Warwick, RI-MA metro area.
Over the past five years, Narragansett home values have risen by approximately44.8%, reflecting strong long-term appreciation in this market.
Price History
Narragansett Home Price Trend
City Comparison
Narragansett vs. National Median
At $872,300, homes in Narragansett cost 113% above the national median of $410,000. Buyers in Narragansett should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Narragansett?
20% Down Payment
$174,460
on $872,300
Monthly P&I
$4,549/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,777/mo
incl. taxes & insurance
Income Needed
$231,080
gross annual (30% rule)
10% Down Option
$87,230
+ PMI applies
Loan Amount (20% dn)
$697,840
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 Narragansett, RI?
The median home value in Narragansett is $872,300 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Narragansett?
Over the past year, home values in Narragansett have increased by 4.2%. Over five years, prices have risen approximately 44.8%.
How much do I need to earn to buy a home in Narragansett?
To comfortably afford the median home price of $872,300 with a 20% down payment ($174,460) at today's rates (6.8%), you'd need a gross annual income of approximately $231,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Narragansett compare to the national average home price?
The national median home value is approximately $410,000. At $872,300, homes in Narragansett are 113% above the national average.
What metro area is Narragansett part of?
Narragansett is part of the Providence-Warwick, RI-MA metropolitan area. Home prices and market conditions can vary across the broader metro region.