The average median home sale price in Rhode Island is approximately $383K. Are you looking for affordable homes for sale under 275K? If so, they are out there.
Affordable Homes for Sale under 275K in Rhode Island
So, we start by addressing what you need to do to buy a home in 2022. Four things to consider in the next year:
- Improve your credit score
- Research down payment options. For example, Movement Mortgage is a good option for low- to moderate-income borrowers looking for lower down payments
- Be prepared enough to act quickly
- Do not overpay
Buying a Home with The Dias Team
At the Dias Team we can work with you to determine the best strategy to find a home. As you can see below, a beautiful condominium in North Providence well under 275K just went under contract for a happy buyer client of ours. Now pending at the time of this writing!
In contrast, the Providence Journal stated at the end of December 2021 “last month, the median single-family house price was $375,000, a 16% increase from the same point in 2020, the year the market took off, fueled by out-of-state buyers and an insatiable appetite for more living space.” In fact, these numbers are rising. Check out The Dias Team blog from last week.
Nevertheless, there are still homes (single-family and condominiums) coming up below 275K in Rhode Island. Here is a continuously updated feed from our website to learn more.
Next week, we target other areas in Rhode Island that meet this criterion. Since this week’s feed covers only Providence, Warwick, and Cranston for the sake of brevity. If you want to discover more now, give us a call at (401) 639-3163.