How much house can I afford on $130,000 in Rhode Island?
About $450,000 with 20% down ($361,000 with an FHA loan), using Rhode Island's 1.02% property tax rate.
That is $58,112 less than the typical Rhode Island home ($508,507), so on $130,000 you'd look at cheaper areas or a smaller home. The payment of $3,033 covers $2,424 principal and interest, $384 property tax and $225 insurance.
Counties in Rhode Island you can afford on $130,000
1 of 5 counties have a typical home value at or below $450,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Kent County | $441,067 | +4.4% | 1.35% |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.02% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Rhode Island
Frequently asked questions
How much house can I afford on $130,000 in Rhode Island?
About $450,000 with 20% down at 7.11%, keeping the payment (with Rhode Island's 1.02% property tax and insurance) under $3,033 a month.
Is $130,000 enough to buy a house in Rhode Island?
Not the typical home: the typical Rhode Island home is worth $508,507 (Zillow, September 2026) and $130,000 supports about $450,000. 1 of 5 counties are within budget.