EAST PROVIDENCE, R.I. (WPRI) — The cost to buy a home has increased by 50% in 10 Rhode Island cities and towns since 2018, according to a report by HousingWorks RI .
Data from HousingWorks RI’s annual fact book showed that out of all the state’s communities, there isn’t one where a house could be bought for less than $119,000.
HOUSING WORKS RI: 2024 Housing Fact Book
Median single-family home prices also went up statewide, according to the report.
“And we know that the startling statistic of being below six figures limits you from affording a home today,” Congressman Gabe Amo said during an event about the report’s findings. “That’s not where we want to be.”…