30 Year Fixed
- 3.41 %
15 Year Fixed
- 2.84 %
1-Year ARM
- 4.06 %
5/1 ARM
- 2.81 %
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Rhode Island

Rhode Island is located in the New England area of the United States and is the 50th largest state in the Nation by area. The official name of the state is actually the State of Rhode Island and Providence Plantations and all though it bears Island in its name, most of the state actually resides on the American mainland.

The state’s total population is around 1,057,832 which make it the 43rd most populated state in the nation. Its demographics are as follows; 90.16% Caucasian; 7.07% African American; 1.09% American Indian; 3.07% Asian American; 0.21% Mixed. There is an area in Rhode Island called the Blackstone River Valley which is the birthplace of the American industrial revolution. The economy for this state is based upon textiles, tool making, costume jewelry and silverware to name a few. Rhode Island’s gross state product is estimated at $33 billion with a per capita product of $29,685 making it 16th in the nation.

Rhode Island has 39 cities and towns which are sometimes further partitioned into villages. The top 3 cities in Rhode Island by population are; Providence 175,255; Warwick 87,233 and Cranston 79,269.

Rhode Island has a warm summer continental climate with temperatures ranging from the lowest of -23 degrees to the highest at 104 degrees. On average the summer months tend to be warm and rainy while the winters are chilly.

 

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Rhode Island Housing Statistics
Rhode IslandUSA
Total Housing439,837121,699,874
Total Urban399,79194,464,240
Total Rural40,04627,235,633
Occupied408,424110,754,106
Vacant31,41310,945,767
Owner Occupied245,15673,306,541
Renter Occupied163,26837,447,565
Vacant for Rent8,6152,745,385
Vacant for Sale2,4001,264,534
 
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