Real Estate Market Update for Warwick, RI
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 4% from one year earlier, and up 2% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 200-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 18%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 170-thousand dollars. The number of units sold increased 1% year-over-year, and increased 7% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Warwick, RI
Area Information for Warwick, RI
  • Population: 82,079
  • Median Age: 43.2 yr
  • Median Commute Time: 19.29 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,342/sq mi
  • Population Change Since 2000: -4.35%
  • Closest Airport: Theodore Francis Green State
  • Closest College: New England Institute Of Technology
  • Closest Jr. College: Community College-rhode Island-warwick
  • Median Household Income: $60,612
  • Annual Residential Turnover: 15.28%
  • Median Years in Residence: 4.75 yr
  • Median Home Sales Price: $145,000
  • Closest Major Sports Team: New England Revolution
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Warwick, RI
Median Age: 43.2 Married: 34% Number of Households: 34,951 Households with Children: 9,661
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Warwick, RI

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      E. G. Robertson School 0.2 mi Public K-6 4 5
      Eleanor Briggs School 0.2 mi Private 1-12 0 4
      Buttonwoods School For Young Ch 0.4 mi Private PRESCHOOL-K 0 0
      John Wickes School 0.8 mi Public PRESCHOOL-6 2-5 3
      St. Rose Of Lima School 0.9 mi Catholic PRESCHOOL-8 0 5
      Park School 0.9 mi Public K-6 2-5 5
      Crayons Child Care & Family Services Inc 1.1 mi Private PRESCHOOL-K 0 0
      Apponaug Christian Academy 1.1 mi Private K-12 0 0
      Lippitt School 1.1 mi Public PRESCHOOL-6 2-5 3
      Greenwood School 1.4 mi Public K-6 3 4
      Warwick Veterans Memorial High School 1.5 mi Public 9-12 2 3
      Cedar Hill School 1.6 mi Public K-6 4-5 4
      Progressive Learning For Children 1.7 mi Private PRESCHOOL-K 0 0
      Jack & Jill On The Hill I Inc 1.7 mi Private PRESCHOOL-K 0 0
      Tender Hearts Cc & Learning Center 1.8 mi Private PRESCHOOL-K 0 0
      Oakland Beach Elementary School 2.0 mi Public PRESCHOOL-6 2-5 5
      First Baptist Christian School 2.0 mi Private PRESCHOOL-12 0 0
      Toll Gate High School 2.2 mi Public 9-12 3 3
      Warwick Area Career And Technical Center 2.2 mi Public 10-12 0 0
      Winman Junior High School 2.2 mi Public 7-8 2-5 3
      Warwick Area Career And Technical Center 2.2 mi Public 10-12 0 3
      Drum Rock Early Chidhood Center 2.2 mi Public PRESCHOOL-K 0 0
      Bishop Hendricken High School 2.3 mi Catholic 9-12 0 3
      St. Francis Of Assisi School 2.4 mi Catholic PRESCHOOL-8 0 3
      Rocky Hill School 2.6 mi Private PRESCHOOL-12 0 5
      St. Kevin School 2.6 mi Catholic PRESCHOOL-8 0 5
      Sherman School 2.6 mi Public K-6 2-5 3
      Harold F. Scott School 2.8 mi Public K-6 3-5 5
      James H. Eldredge Elementary School 2.9 mi Public 3-5 5 5
      Randall Holden School 2.9 mi Public K-6 4 3
      Our Lady Of Mercy Regional School 3.0 mi Catholic PRESCHOOL-8 0 5
      Cottrell F. Hoxsie School 3.1 mi Public K-6 2-5 4
      Overbrook Academy 3.1 mi Catholic 6-9 0 4
      Warwick Neck School 3.1 mi Public K-6 3 4
      Gorton Junior High School 3.2 mi Public 7-8 2-5 2
      Westbay Children's Center 3.2 mi Private PRESCHOOL-K 0 0
      Archie R. Cole Middle School 3.3 mi Public 6-8 5 4
      Stork's Nest Child Academy 3.5 mi Private PRESCHOOL-K 0 0
      Little Red Hen Preschool & Kindergarten 3.5 mi Private PRESCHOOL-K 0 0
      George Hanaford School 3.5 mi Public 4-5 5 5
      Sargent Rehabilitation Center 3.5 mi Private PRESCHOOL-12 0 0
      Francis School 3.7 mi Public K-6 3 5
      Pilgrim High School 3.7 mi Public 9-12 3 2
      Norwood School 3.7 mi Public K-6 3 5
      Holliman School 3.9 mi Public PRESCHOOL-6 2-5 3
      Precious Angels Child Care Center 4.1 mi Private PRESCHOOL-K 0 0
      Aldrich Junior High School 4.2 mi Public 7-8 3 3
      Wyman School 4.6 mi Public K-6 3 5
      East Greenwich High School 4.7 mi Public 9-12 5 4
      Meadowbrook Farms School 4.7 mi Public PRESCHOOL-2 5 4
      St. Peter School 4.7 mi Catholic PRESCHOOL-8 0 4
      The Village Lower School 5.1 mi Private K-6 0 4
      The Stork's Nest Child Academy 5.1 mi Private PRESCHOOL-K 0 0
      A Step Up Inc 5.5 mi Private PRESCHOOL-K 0 0
      Frenchtown School 6.0 mi Public K-3 4-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Warwick, RI
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.