Warwick, RI — Momentum Score, Home Values & Best-For

All states·Rhode Island·Warwick

Kent County · Providence-Warwick · population 83,554

Investors
Warwick, RI
Image: Wikipedia · Warwick, Rhode Island
OverviewCost of livingMoving guide
View watchlist →
74
Rising
Momentum score · 0–100

Where Warwick stands

At or near all-time high. averaging 7.2% annual growth over 5 years. rents up 11.2% in the last year.

Median home $419,036
1-year +3.7%
5-yr CAGR +7.2%
vs 5-yr peak +0.0%
Population +0.2%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$419k$180k$265k$351k$436k201620182020202220242026

Lifestyle scores

🚶
Walkability
40/100
Car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
30/100
Minimal transit
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
76/100
Strong remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$2,215/mo$1,470$1,909$2,348202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent139142100120140202220242026

Rent vs buy

Price-to-rent ratio: 15.8
Lean buy

At a 15.8 price-to-rent ratio, Warwick is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.

How the momentum score breaks down

methodology →
Home YoY
68 · w22%
Home 5-yr CAGR
75 · w22%
Distance from peak
90 · w18%
Population growth
49 · w16%
Rent YoY
85 · w12%
Home 10-yr CAGR
81 · w10%
Long thesis

Warwick has averaged 7.2% annual appreciation over five years and the trend is still live (+3.7% in the last 12 months). When a momentum trade keeps working, the simplest explanation is usually correct: more people want in.

Short thesis

Warwick's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Warwick

Warwick is a city in Kent County, Rhode Island, with an estimated population of 83,554. It anchors the Providence-Warwick metro area. The median home value in Warwick is $419,036 as of 2026-04, up 3.7% over the last 12 months. Over the last five years, home values have averaged +7.2% annual growth, with prices at or near the 5-year peak. Rents in Warwick average $2,215 per month, up 11.2% year-over-year. The composite momentum score is 74 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Healthy 5-year run: +7.2% annualized over 5 years, outpacing US inflation.
●Quiet strength: +3.7% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.
●Hot rental market: rents up 11.2% YoY — landlords have pricing power, supports new investment math.

▼ Bear case

●Rental squeeze: rents up 11.2% YoY — tenants face tough renewals. Affordability deteriorating fast.
○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Warwick (Wikipedia)

Warwick is a city in Kent County, Rhode Island, United States, and is the third-largest city in the state, with a population of 82,823 at the 2020 census. Warwick is located approximately 12 miles (19 km) south of downtown Providence, Rhode Island, 63 miles (101 km) southwest of Boston, Massachusetts, and 171 miles (275 km) northeast of New York City.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

City facts

MayorFrank Picozzi (I)
Area49.75 sq mi
Elevation20 ft
Incorporated (Town)August 8, 1647
Density2366.30/sq mi
Named forRobert Rich, 2nd Earl of Warwick

Extracted from the Wikipedia infobox. Values may be slightly out of date relative to the latest sources.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Kent County right now.

NWS active alerts (RI)Rhode Island Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Kent County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Warwick

Springfield, MA72 · RisingAurora, IL69 · RisingProvidence, RI72 · RisingProvidence, RI72 · Rising

Run the numbers for Warwick

ToolCan I afford Warwick?Income → city shortlistToolROI on a Warwick rentalCap rate, cash-on-cash, DSCRToolCompare Warwick to anywhereSide-by-side up to 3 citiesToolWarwick cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
37° / 22°
avg high / low
Summer (Jul)
82° / 64°
avg high / low
Sunny days/yr
198
~54% of year
Annual precip
48″ rain
30″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Moderate
Tornado
Very low
Wildfire
Very low
Earthquake
Very low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the Providence-Warwick area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Warwick listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local economy & environment

Humidity
71%
Humid climate
Median household income
$81,800
Rhode Island state median
Top industries (state-level)
HealthcareEducationManufacturing

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.