Income needed to buy a home
Kent County, RI
$156,548
a year in household income to buy the typical Kent County home with 10% down.
The monthly math
Typical home value$442,953
Down payment (10%)$44,295
Loan$398,658
Principal and interest (7.40%)$2,760/mo
Property tax (1.37% a year)$505/mo
Homeowners insurance (estimate)$221/mo
Mortgage insurance$166/mo
Total monthly cost$3,653/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $94,345 a year, 60% of what it takes.
In Rhode Island
Kent County ranks #1 of 5 for the income a home takes, from least to most.
Easiest to afford in Rhode Island
| County | Typical home | Income needed |
|---|---|---|
| Providence County | $455,095 | $157,946 |
| Bristol County | $657,795 | $227,003 |
| Washington County | $689,899 | $232,587 |
| Newport County | $790,998 | $265,174 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.