Mortgage payment estimates, closing cost breakdowns, and homebuying data for Middletown, Rhode Island.
Pre-filled with Middletown median home price and Rhode Island tax/insurance rates. Adjust for your property.
Estimated closing costs based on Rhode Island rates and fees applied to Middletown prices.
The median home price in Middletown is $495,000, 16% above the Rhode Island state median of $425,000. With a population of 16,150, Middletown is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Rhode Island average 1.53% annually. This higher-than-average tax rate means a $495,000 home in Middletown would carry roughly $631/month in property taxes alone — plan accordingly. Homeowners insurance in Rhode Island runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Middletown is $1,780/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Middletown is a higher-cost market. At $495K median, buyers need significant savings or strong income. Down payment assistance through Rhode Island's RIHousing First Homes program becomes especially important.