Westerly, RI housing market
Typical home value
$634K
▲ 8.8% 1 yr
Typical rent
$2,027/mo
▲ 2.8% 1 yr
Gross rent yield
3.8%
U.S. 6.3%
5-year home value change
+38%
U.S. +20%
Key takeaways
- 1The typical home in Westerly is worth $634,210, up 8.8% over the past year and up 38% over five years.
- 2Typical rent is $2,027 a month (+2.8% YoY), a gross rent yield of 3.8% (below the Providence, RI metro's 5.0%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,485/mo, $1,458 more than typical rent.
- 4Zillow forecasts the Providence, RI metro's home values to change +2.6% over the next 12 months.
Market temperature (Providence, RI metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 54/100, #88 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Westerly compares
| Measure | Westerly | Providence, RI metro | United States |
|---|---|---|---|
| Typical home value | $634,210 | $522,248 | $366,157 |
| Home value, 1-yr change | +8.8% | +3.6% | +1.2% |
| Typical rent | $2,027 | $2,166 | $1,932 |
| Rent, 1-yr change | +2.8% | +4.2% | +2.7% |
| Gross rent yield | 3.8% | 5.0% | 6.3% |
| Price-to-rent ratio | 26.1 | 20.1 | 15.8 |
| Mortgage P&I, typical home | $3,485 | $2,870 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Westerly rental, pre-filled.
Rent vs buy in Westerly
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $634K home.
Other cities in the Providence, RI metro
Providence, RI
$432K home$2,190 rent
▲ 2.3% 1 yr
New Bedford, MA
$439K home$1,811 rent
▲ 3.4% 1 yr
Fall River, MA
$448K home$1,888 rent
▲ 2.1% 1 yr
Cranston, RI
$455K home$2,092 rent
▲ 1.8% 1 yr
Pawtucket, RI
$399K home$1,866 rent
▲ 1.8% 1 yr
Warwick, RI
$421K home$2,235 rent
▲ 4.3% 1 yr
Taunton, MA
$517K home$2,069 rent
▲ 3.9% 1 yr
East Providence, RI
$445K home$1,998 rent
▲ 2.1% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.