How much house can I afford on $150,000 in Rhode Island?
About $520,000 with 20% down ($417,000 with an FHA loan), using Rhode Island's 1.02% property tax rate.
That is $11,179 more than the typical Rhode Island home ($508,507), so a $150,000 salary can buy a typical home here. The payment of $3,500 covers $2,797 principal and interest, $443 property tax and $260 insurance.
Counties in Rhode Island you can afford on $150,000
2 of 5 counties have a typical home value at or below $520,000:
| 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 $150,000 in Rhode Island?
About $520,000 with 20% down at 7.11%, keeping the payment (with Rhode Island's 1.02% property tax and insurance) under $3,500 a month.
Is $150,000 enough to buy a house in Rhode Island?
Yes: the typical Rhode Island home is worth $508,507 (Zillow, September 2026) and $150,000 supports about $520,000. 2 of 5 counties are within budget.