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Carolina, RI

Full City Profile · Rhode Island · Washington County County

3.7 /5.0
B+ Good
1,238 Population 503/sq mi density
$123,063 Median Income $35,106 per capita
$366,000 Home Value $660,841 Zillow
49°F Avg Temperature 271 sunny days/yr
64 Violent Crime/100K 1,116 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$123,063 median income, 3.2% unemployment
A+
Affordability
5.0 / 5.0
$366,000 home value, /mo rent
F
Safety
1.0 / 5.0
64 violent crimes/100K
B+
Education
3.9 / 5.0
35.9% bachelor's degree or higher

Housing Overview

Median Home Value
$366,000
30% above
US avg: $281,900
Homeownership Rate
78.8%
20% above US avg (65.4%)
Total Housing Units
407
Median year built: 1971

Home Value by Source

Census Median
$366,000
Zillow (ZHVI)
$660,841
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

78.8%
Owner-Occupied
21.2%
Renter-Occupied
79%
21%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,325/mo
1 Bedroom
$1,394/mo
2 Bedroom
$1,727/mo
3 Bedroom
$2,099/mo
4 Bedroom
$2,449/mo

Affordability & Housing Stock

Rent Burden
29.5%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
78.8%

Complete Housing Data

Home Values

Census Median Value$366,000
Zillow Home Value (ZHVI)$660,841

Rent

FMR Studio$1,325
FMR 1-Bedroom$1,394
FMR 2-Bedroom$1,727
FMR 3-Bedroom$2,099
FMR 4-Bedroom$2,449

Market

Ownership & Stock

Owner-Occupied78.8%
Renter-Occupied21.2%
Homeownership Rate78.8%
Total Housing Units407
Median Year Built1971
Rent Burden29.5%