PROVIDENCE — Rhode Island renters are paying a median of 11.2 p.c extra per thirty days in hire — and as a lot as 126 p.c extra in some areas — than they did a decade in the past, in response to latest census information.
Rents in Rhode Island rank No. 23 highest within the US, in response to the info launched earlier this yr, with a median renter paying $1,031 per thirty days, up from $927 in 2010. In West Greenwich, month-to-month rents rose to $2,200 per thirty days, up from $928 per thirty days only a decade earlier.
Median rents in Rhode Island are decrease than these in Massachusetts (practically $1,336), Connecticut ($1,201), and New Hampshire ($1,145).
The info was collected for the American Group Survey 5-year estimates, which tracks information from a time interval between 2016 and 2020, which was earlier than the COVID-19 pandemic and its impression on an already booming residential real-estate market.
The info discovered that sure cities and cities noticed important will increase in rents during the last decade, from West Greenwich’s 126 p.c enhance to $2,200 — the very best month-to-month hire within the state — to the city of Exeter, which had an almost 95 p.c enhance, from $836 in 2010 to roughly $1,628 in 2020.
Portsmouth had the third-highest hire within the state in 2020 after rising by about 20 p.c to $1,554.
Whereas New Shoreham, which is Block Island, had the very best median dwelling worth in 2020 at $900,700, the island noticed a 17 p.c dip in median rental prices during the last decade — from about $990 in 2010 to $818 in 2020. Nevertheless, there have been solely 81 rental models in all the city as of 2020.
The survey didn’t provide a breakdown of unit dimension.
Alexa Gagosz might be reached at alexa.gagosz@globe.com. Observe her on Twitter @alexagagosz and on Instagram @AlexaGagosz. Daigo Fujiwara might be reached at daigo.fujiwara@globe.com. Observe him on Twitter @DaigoFuji.