How much house can I afford on $140,000 in Rhode Island?
About $485,000 with 20% down ($389,000 with an FHA loan), using Rhode Island's 1.02% property tax rate.
That is $23,467 less than the typical Rhode Island home ($508,507), so on $140,000 you'd look at cheaper areas or a smaller home. The payment of $3,267 covers $2,610 principal and interest, $414 property tax and $243 insurance.
Counties in Rhode Island you can afford on $140,000
2 of 5 counties have a typical home value at or below $485,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Providence County | $453,475 | +2.3% | 1.25% |
| 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 $140,000 in Rhode Island?
About $485,000 with 20% down at 7.11%, keeping the payment (with Rhode Island's 1.02% property tax and insurance) under $3,267 a month.
Is $140,000 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 $140,000 supports about $485,000. 2 of 5 counties are within budget.