Similar to nearby areas, it is similar compared to the nation as a whole. However it's substantially less expensive compared to the city of Boston.
Home prices
The median home in Warwick costs $225,300. In comparison to other places in this area this is approximately $6,020 (2%) lower.Compared to the rest of the nation it is approximately $7,800 (3%) higher, and in comparison to the city of Boston it is about $307,400 (57%) lower.
Rents
In Warwick the median rent is $1,167 a month. In comparison to its surrounding areas it is about $112 (10%) higher.Compared to the nation as a whole it is roughly $105 (9%) higher, and is approximately $453 (27%) lower compared to the city of Boston.
Nearby places
Cranston
Cranston is Warwick's neighbor to the northwest. Its real estate prices are a little more expensive. The median home in Cranston is valued at $243,500, which works out to $18,200 (7%) higher than Warwick. Rent there is somewhat less expensive. The median rent in Cranston is $1,070 a month, which comes out to $97 (9%) lower than Warwick.
East Providence
East Providence is approximately 7 miles northeast from Warwick. Housing prices there are fairly similar. The median home in East Providence is valued at $221,700, which is $3,600 (1%) lower than Warwick. Rent there is somewhat less expensive. In East Providence the median monthly rent is $974, which is $193 (19%) lower than Warwick.
Providence
Providence is about 7 miles north from Warwick. The housing prices there are somewhat less expensive. The median home price in Providence is $200,300, which comes out to $25,000 (12%) lower than Warwick. Its rents are a bit less expensive. The median rent in Providence is $994 per month, which is $173 (17%) lower than Warwick.
Ocean Grove
Ocean Grove is about 9 miles east from Warwick. Its housing prices are similar. The median home in Ocean Grove costs $232,300, which comes out to $7,000 (3%) higher than Warwick. Rents there are a little more expensive. Ocean Grove's median monthly rent is $1,300, which is $133 (10%) higher than Warwick.
Tiverton
Tiverton is about 11 miles east from Warwick. Its real estate prices are somewhat more expensive. The median home in Tiverton costs $258,800, which works out to $33,500 (12%) higher than Warwick. The rent there is somewhat less expensive. In Tiverton the median monthly rent is $939, which works out to $228 (24%) lower than Warwick.
