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Cheap Homes in Narragansett, RI

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Top Reasons To Live In Narragansett, RI In 2024

Narragansett is located in Washington, Rhode Island, with an estimated municipal population of 15,500 residents. All of the best foreclosed homes for sale in Narragansett are located in the following zip code areas on Foreclosure.com: 02882 02880. The estimated population per square kilometer (.62 miles) in Narragansett is 431.


Cost Of Living In Narragansett, RI

So, about how much do homes cost in Narragansett? The most recent median value of resident-owned homes in Narragansett is 444,996. An estimated 69.7 percent of households in Narragansett own their homes, with an average family size of 2.82. The median household income in Narragansett is 86,920, with45.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Narragansett, the median commute time of resident workers (in minutes) is 26.7. And last, but certainly not least, are you looking for homes to rent in Narragansett? If so, the average rent price paid by renters in Narragansett is 1,389, according to recent statistics.


Diversity And Demographics In Narragansett, Rhode Island

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Narragansett, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Narragansett is 46.8, split between 45.8 percent male versus 54.2 female. The percentage of residents who report being married in Narragansett is 46.9, with an average family size of 2.82.

The percentage of residents who report their race in Narragansett is as follows:

White 95.1%
Black / African American 0.9%
Asian 1.9%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.8%
Other 1.4%

Looking for family-friendly neighborhoods in and/or near Narragansett? Or maybe you are searching for 55+ active adult communities in and/or near Narragansett?

The percentage of residents who report their age in Narragansett is as follows:

Under 10 5.9%
Aged 10-19 8.8%
20s 22.6%
30s 7.3%
40s 7.8%
50s 13.9%
60s 16.5%
70s 11.9%
80+ 5.3%

Best Schools In Narragansett, Rhode Island

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Narragansett with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Narragansett.


Pros And Cons Of Living In Narragansett, Rhode Island

How do you know that living in -- or moving to -- Narragansett is right where you need to be? Perhaps you grew up in Narragansett or already live nearby; therefore, the decision to buy a home in Narragansett is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Narragansett for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Narragansett:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Narragansett.


Reasons To Move To Narragansett, Rhode Island, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Narragansett can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Narragansett, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Narragansett, RI


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