Housing in Chepachet, RI is significantly higher than the US median value, with homes costing an average of $284,300. This is 14.2% higher than the national median value of $338,100. Over the past year, appreciation in Chepachet has outpaced the national rate by nearly 2.5%, coming in at 10.78%, compared to the US 1 year house appreciation rate of 8.27%. This suggests that housing demand and prices are high in Chepachet, making it a desirable location for prospective homeowners and investors alike.
The median home cost in Chepachet is $284,300. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Chepachet is up 16.0%.
Average Age of Homes
- The median age of Chepachet real estate is 51 years old
The Rental Market in Chepachet
- Renters make up 16.3% of the Chepachet population
- 0.0% of houses and apartments in Chepachet, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.