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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Charlestown, RI Housing Affordability Index

Charlestown, Rhode Island has an MBR Housing Affordability Index score of 77.9 (Moderately Less Affordable) as of October 30, 2026, ranking 18th most affordable of 24 scored Rhode Island cities, compared with 81.2 statewide and 97.4 nationally. On a median-priced $583,200 home with 20% down, the Rhode Island average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $3,181, or 35% of the city’s $108,563 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Charlestown is updated every night from live Rhode Island mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Charlestown MBR-HAI 77.9 Moderately Less Affordable
Rank in Rhode Island 18 of 24 1 = most affordable
Rhode Island 81.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.24% Rhode Island lenders
Median home value $583,200 U.S. Census Bureau

Charlestown is 3.3 points below the Rhode Island score. Scores as of October 30, 2026. See the Rhode Island index

View Charlestown Mortgage Rates

What It Takes to Buy in Charlestown

$3,181/mo
Principal & Interest
Median home, 20% down, 7.24%
$136,300
Income Needed
To keep the payment at 28% of income
$108,563
Median Household Income
Rhode Island: $87,796
5.4x
Price-to-Income Ratio
Rhode Island: 4.6x
$1,661/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,178/yr
Median Property Tax
0.72% of median value
40.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
60.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Charlestown, Rhode Island. The rate is the Rhode Island average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Charlestown Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Charlestown, Rhode Island score: 77.9 (Moderately Less Affordable), ranked 18 of 24 Rhode Island cities. monitorbankrates.com/housing-affordability-index/rhode-island/charlestown”