Market Overview
Home Prices in Warwick, RI
The median home value in Warwick, RI is $429,195 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Warwick are priced5% above average. Warwick is part of the Providence-Warwick, RI-MA metro area.
Over the past five years, Warwick home values have risen by approximately36.8%, reflecting strong long-term appreciation in this market.
Price History
Warwick Home Price Trend
City Comparison
Warwick vs. National Median
At $429,195, homes in Warwick cost 5% above the national median of $410,000. Buyers in Warwick should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Warwick?
20% Down Payment
$85,839
on $429,195
Monthly P&I
$2,238/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,842/mo
incl. taxes & insurance
Income Needed
$113,680
gross annual (30% rule)
10% Down Option
$42,920
+ PMI applies
Loan Amount (20% dn)
$343,356
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 Warwick, RI?
The median home value in Warwick is $429,195 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Warwick?
Over the past year, home values in Warwick have increased by 4%. Over five years, prices have risen approximately 36.8%.
How much do I need to earn to buy a home in Warwick?
To comfortably afford the median home price of $429,195 with a 20% down payment ($85,839) at today's rates (6.8%), you'd need a gross annual income of approximately $113,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Warwick compare to the national average home price?
The national median home value is approximately $410,000. At $429,195, homes in Warwick are 5% above the national average.
What metro area is Warwick part of?
Warwick is part of the Providence-Warwick, RI-MA metropolitan area. Home prices and market conditions can vary across the broader metro region.