Narragansett Pier CDP Rhode Island Area Home Supply Charts

This page looks at a variety of Narragansett Pier CDP Rhode Island housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Narragansett Pier CDP shows it has a Housing Units of 2,332 which is the third most of all other places in the local area.

Figure 2 illustrates the housing density in the Narragansett Pier CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Narragansett Pier CDP depicts it has a Housing Density of 654.0 which is the third most housing densities of all other places in the greater Narragansett Pier CDP region. The place with the highest housing density in the area is Newport which depicts a density of 1726.7 (approximately 2.6 times bigger). Comparing housing density to the United States average of 39.5, Narragansett Pier CDP is substantially bigger. Also, in comparison with the state of Rhode Island, housing density of 465.4, Narragansett Pier CDP is 40.5% larger.

In Figure 4, Narragansett Pier CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Narragansett Pier CDP shows it has a Housing Unit Change of 5.3% which is the third most housing units of all other places in the greater Narragansett Pier CDP region. The place with the highest change in the housing units in the area is Melville CDP which depicts a housing units of 17.4% (approximately 3.3 times bigger). Comparing change in the housing units to the United States average of 7.4%, Narragansett Pier CDP is approximately three-fourths the size. Also, benchmarked against the state of Rhode Island, change in the housing units of 3.8%, Narragansett Pier CDP is 37.7% larger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Narragansett Pier CDP shows it has a Renter Percent of 43.4% which is in the mid range of other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 56.6% which is in the middle range of other places in the greater region.

Narragansett Pier CDP Rhode Island Home Cost Charts

Looking at the housing data provided in Figure 7, the average Narragansett Pier CDP home price is illustrated for this community and a useful analysis of affordable housing. Narragansett Pier CDP shows it has a Median Home Value of $569,700 which is at the top of all other places in the greater Narragansett Pier CDP region. Figure 8 provides aggregate comparative data for the Narragansett Pier CDP Rhode Island metro area in terms of the median housing rental rate, apartment rent, etc. Narragansett Pier CDP shows it has a Median Gross Rent of $1,205 which is the second smallest in terms of rental rates of all the other places in the greater region. The place with the highest rental rates in the area is Melville CDP which depicts a rental rates of $2,246 (about twice as large). Comparing rental rates to the United States average of $1,163, Narragansett Pier CDP is only about 3.6% larger. Also, measured against the state of Rhode Island, rental rates of $1,097, Narragansett Pier CDP is 9.8% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Narragansett Pier CDP has one of the largest proportions of home price worth less than $50,000 at 3% of the total and is ranked #2. The only larger place being Melville CDP with 52%. Second, it has the smallest proportion of home price worth between $300,000 to $400,000 at 7% of the total. Third, it has one of the largest proportions of home price worth between $400,000 to $500,000 at 27% of the total and is ranked #2. The only larger place being Newport with 28%. Also, it has the largest proportion of home price worth between $500,000 to $750,000 at 17% of the total and is ranked #1. In addition, it has one of the largest proportions of home price worth between $1,000,000 to $1,500,000 at 4% of the total and is ranked #2. The only larger place being Newport with 7%. Furthermore, it has one of the largest proportions of home price worth between $1,500,000 to $2,000,000 at 4% of the total and is ranked #2. The only larger place being Newport with 7%.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Narragansett Pier CDP depicts it has a Median Owner Cost of $1,618 which is in the middle range of other places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Narragansett Pier CDP metro area. it has a Owner Cost as % of HH Income of 17% which is less than most other places in the metro area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Narragansett Pier CDP depicts it has a Median Home Value as Percent of Median Earnings of 770% which is the second most median home value as a percent of median worker earnings of all the places in the greater Narragansett Pier CDP region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Narragansett Pier CDP shows it has a Median Owner Costs-With Mortgage of $2,540 which is more than all other places in the area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $830 which is in the intermediate range of other places in the metro area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Narragansett Pier CDP has the percentage of owner cost between $300 and $500 in the center range of other places in the metro area at 7% of the total. Second, it has one of the largest proportions of owner cost between $500 and $700 at 20% of the total and is ranked #2. The only larger place being Carolina CDP with 35%. Third, it has the second smallest when ranked by owner cost less than $300 of all the other places in the metro area when sorted by owner cost between $1,000 and $1,500 at 7% of the total. Also, it has the largest proportion of owner cost between $2,500 and $3,000 at 14% of the total and is ranked #1. In addition, it has the largest proportion of owner cost between $3,000 and $3,500 at 5% of the total and is ranked #1. Furthermore, it has in the center range of other places in the surrounding region in order of owner cost between $3,500 and $4,000 at 7% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Narragansett Pier CDP depicts it has a % of Income Owner Costs-With Mortgage of 19% which is less than most other places in the greater region. The place with the highest cost as a percent of household income in the area is Newport East CDP which shows a cost as a percent of household income of 24% (23.0% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Narragansett Pier CDP shows it has a % of Income Owner Costs-No Mortgage of 11% which is less than most other places in the greater region. The place with the highest cost as a percent of household income in the area is Carolina CDP which shows a cost as a percent of household income of 21% (about twice as large).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Narragansett Pier CDP has the percentage of rent as a percent of income is less than 10 pct in the mid point range of other places in the greater region at 11% of the total. Second, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the metro area when ranked by rent as a percent of income is between 10pct to 20pct at 15% of the total. Third, it has the second smallest when sorted by rent as a percent of income is less than 10 pct of all the other places in the greater region when sorted by rent as a percent of income is between 20pct to 30pct at 6% of the total. Also, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 46% of the total and is ranked #2. The only larger place being Charlestown CDP with 54%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Narragansett Pier CDP has the largest proportion of housing cost between $2,500 and $3,000 at 18% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $4,407 which is in the center range of other places in the greater region. The place with the highest median real estate taxes paid in the area is Newport East CDP which shows a taxes paid of $4,970 (12.8% larger). Comparing median real estate taxes paid to the United States average of $2,690, Narragansett Pier CDP is 63.8% larger. Also, compared with the state of Rhode Island, median real estate taxes paid of $4,483, Narragansett Pier CDP is about the same size.

Figure 22 shows the percentage of renters who pay for utilities in Narragansett Pier CDP Rhode Island. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Narragansett Pier CDP has one of the largest proportions of pay extra for utilities at 30% of the total and is ranked #2. The only larger place being Melville CDP with 52%.

Figure 23 shows the rental rate distribution for this area. Narragansett Pier CDP Rhode Island has one of the largest proportions of rent between 300 and 500 dollars at 12% of the total and is ranked #2. The only larger place being Kingston CDP with 15%. Second, it has the largest proportion of rent between 500 and 750 dollars at 15% of the total and is ranked #1. Third, it has less than most other places in the greater region in order of rent between 750 and 1000 dollars at 13% of the total. Also, it has the smallest proportion of rent between 1000 and 1500 dollars at 29% of the total.

Narragansett Pier CDP Rhode Island Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.8 which is the second smallest in terms of family members per housing unit of all the other places in the local area. The place with the highest family members per housing unit in the area is Carolina CDP which indicates a family members per housing unit of 3.4 (20.4% larger). Comparing family members per housing unit to the United States average of 3.3, Narragansett Pier CDP is about 17.0% smaller. Also, measured against the state of Rhode Island, family members per housing unit of 3.2, Narragansett Pier CDP is about 13.2% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.5 which is in the mid point range of other places in the local area. The place with the highest average number of rooms in a house in the area is Kingston CDP which shows an average number of rooms in a house of 6.9 (25.5% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1968 which is in the mid range of other places in the metropolitan area. The place with the highest year built in the area is Charlestown CDP which shows a year built of 1974 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2020 or later at 3% of the total and is ranked #2. The only larger place being Newport East CDP with 3%. Second, it has the largest proportion of homes built between 2010 to 2019 at 11% of the total and is ranked #1. Third, it has the second smallest in order of homes built in 2020 or later of all the other places in the local area in terms of homes built between 1980 to 1989 at 8% of the total. Also, it has one of the largest proportions of homes built between 1940 to 1949 at 28% of the total and is ranked #3. Only #2 Carolina CDP (35%), and #1 Newport (55%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 668 of the total and is ranked #3. Only #2 Newport East CDP (2,541), and #1 Newport (5,465) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 3 or 4 units at 10% of the total and is ranked #1. Second, it has the largest proportion of 5 to 9 units at 7% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2010 to 2019 at $943,200 of the total and is ranked #1. Second, it has less than most other places in the metro area when ranked by value of homes built 2000 to 2009 at $425,000 of the total. Third, it has one of the largest proportions of value of homes built 1990 to 1999 at $421,400 of the total and is ranked #3. Only #2 Kingston CDP ($431,000), and #1 Newport ($625,000) are larger. Also, it has one of the largest proportions of value of homes built 1980 to 1989 at $422,700 of the total and is ranked #2. The only larger place being Newport with $462,500. In addition, it has the largest proportion of value of homes built 1970 to 1979 at $551,300 of the total and is ranked #1. Furthermore, it has one of the largest proportions of value of homes built 1960 to 1969 at $595,000 of the total and is ranked #2. The only larger place being Charlestown CDP with $599,000. Next it has the largest proportion of value of homes built 1940 to 1949 at $793,500 of the total and is ranked #1.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has one of the largest proportions of occupied housing units at 34% of the total and is ranked #2. The only larger place being Charlestown CDP with 49%.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Narragansett Pier CDP residents. it has a Owner-Household Size of 2.4 which is in the middle range of other places in the local area. The place with the highest homeowner household size in the area is Kingston CDP which shows a homeowner household size of 3.0 (22.4% larger).

Figure 37 shows the household size for renters. Narragansett Pier CDP depicts it has a Renter-Household Size of 1.7 which is the smallest as measured by renter household size of all the other places in the local area. The place with the highest renter household size in the area is Carolina CDP which depicts a renter household sizes of 3.4 (about twice as large). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later less than most other places in the local area at 7% of the total. Second, it has the second smallest when sorted by owners moved in 2019 or later of all the other places in the metro area in order of owners moved in 2010 to 2014 at 15% of the total. Third, it has the largest proportion of owners moved in 2000 to 2009 at 48% of the total and is ranked #1. Also, it has the smallest proportion of owners moved in 1990 to 1999 at 7% of the total. Figure 39 shows the year that people who rent moved into the area. Narragansett Pier CDP has the largest proportion of renters moved in 2019 or later at 61% of the total and is ranked #1. Second, it has the second smallest when ranked by renters moved in 2019 or later of all the other places in the greater region when ranked by renters moved in 2015 to 2018 at 7% of the total. Third, it has the largest proportion of renters moved in 2010 to 2014 at 19% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1999 which is less than most other places in the greater region. Figure 41 compares the median year that renters moved into their home. Narragansett Pier CDP shows it has a Renter Median Year Moved In of 2016 which is the second most median year that a renter moved in of all the places in the greater Narragansett Pier CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of home using bottled, tank, or lp gas at 23% of the total and is ranked #2. The only larger place being Melville CDP with 36%. Second, it has in the mid point range of other places in the local area in terms of homes using coal or coke at 0% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Narragansett Pier CDP housing department, Rhode Island department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Narragansett Pier CDP shows it has a Total In Group Quarters of 53 which is in the mid range of other places in the local area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Narragansett Pier CDP residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Narragansett Pier CDP has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.