Rhode Island · as of September 2026
What counts as luxury real estate in Rhode Island
The convention this site uses
In Rhode Island, this site treats homes at $1M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.
Rhode Island's luxury markets by home value
Zillow Home Value Index, typical middle-tier home, latest month.
| Market | Median value | Ranked agents |
|---|---|---|
| Jamestown | $1,204,000 | 10 |
| Little Compton | $986,000 | 10 |
| Newport | $685,000 | 10 |
| Providence | $396,000 | 10 |
What changes at this price in Rhode Island
Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.
- Transfer and mansion taxes
- Rhode Island's real estate conveyance tax is $2.30 per $500 of price (0.46 percent) paid by the seller, and an additional $2.30 per $500 applies to the portion of a residential sale above $800,000, so that portion is taxed at 0.92 percent. Source
- Seller disclosure
- Rhode Island sellers of residential property must deliver a written real estate sales disclosure form covering known defects before the buyer signs a purchase agreement. Source
- State estate or inheritance tax
- Rhode Island levies its own estate tax on estates above an inflation-indexed exemption of about $1.8 million for 2025 deaths, with graduated rates that reach 16 percent. Source