Market Overview
Home Prices in Portsmouth, RI
The median home value in Portsmouth, RI is $702,514 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Portsmouth are priced71% above average. Portsmouth is part of the Providence-Warwick, RI-MA metro area.
Over the past five years, Portsmouth home values have risen by approximately33.9%, reflecting strong long-term appreciation in this market.
Price History
Portsmouth Home Price Trend
City Comparison
Portsmouth vs. National Median
At $702,514, homes in Portsmouth cost 71% above the national median of $410,000. Buyers in Portsmouth should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Portsmouth?
20% Down Payment
$140,503
on $702,514
Monthly P&I
$3,664/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,653/mo
incl. taxes & insurance
Income Needed
$186,120
gross annual (30% rule)
10% Down Option
$70,251
+ PMI applies
Loan Amount (20% dn)
$562,011
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 Portsmouth, RI?
The median home value in Portsmouth is $702,514 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Portsmouth?
Over the past year, home values in Portsmouth have increased by 3.5%. Over five years, prices have risen approximately 33.9%.
How much do I need to earn to buy a home in Portsmouth?
To comfortably afford the median home price of $702,514 with a 20% down payment ($140,503) at today's rates (6.8%), you'd need a gross annual income of approximately $186,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Portsmouth compare to the national average home price?
The national median home value is approximately $410,000. At $702,514, homes in Portsmouth are 71% above the national average.
What metro area is Portsmouth part of?
Portsmouth is part of the Providence-Warwick, RI-MA metropolitan area. Home prices and market conditions can vary across the broader metro region.