How much do homeowners pay a month in New Shoreham, RI?
Homeowners with a mortgage in New Shoreham, RI pay a median of $2,516 (±$913) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $883 (±$79).
46.6% of owned homes carry a mortgage.
In New Shoreham, the median monthly cost with a mortgage went from $2,806 in 2015–2019 to $2,516 in 2020–2024 (−10.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $2,516 (±$913)
- Without a mortgage
- $883 (±$79)
- Owned with a mortgage
- 46.6%
Monthly owner costs in New Shoreham
| New Shoreham | Washington County | Rhode Island | United States | |
|---|---|---|---|---|
| With a mortgage | $2,516 (±$913) | $2,364 (±$45) | $2,234 (±$17) | $1,963 |
| Without a mortgage | $883 (±$79) | $947 (±$26) | $898 (±$10) | $638 |
| Owned homes with a mortgage | 46.6% (±17.1 points) | 64.9% (±1.7 points) | 66.6% (±0.8 points) | 60.6% |
| Median real estate taxes (a year) | $4,367 (±$699) | $5,102 (±$168) | $4,900 (±$36) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In New Shoreham, the median cost with a mortgage is not measurably different from Washington County ($2,364).
It is not measurably different from Rhode Island ($2,234).
It is not measurably different from the national figure ($1,963).
In Washington County, New Shoreham ranks 3 of 9 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 11 of 39.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in New Shoreham have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,806 (±$523) | $2,516 (±$913) | −10.3% | No measurable change after inflation |
| Median real estate taxes | $4,701 (±$619) | $4,367 (±$699) | −7.1% | Down after inflation |
| Median home value | $1,037,000 (±$131,498) | $1,301,100 (±$637,851) | +25.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near New Shoreham
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| New Shoreham | — | $2,516 (±$913) | — |
| Charlestown (community) | 13 mi | $1,972 (±$279) | Not measurably different |
| Charlestown | 13 mi | $2,089 (±$167) | Not measurably different |
| Narragansett | 15 mi | $2,721 (±$140) | Not measurably different |
| Westerly | 15 mi | $2,178 (±$116) | Not measurably different |
| South Kingstown | 15 mi | $2,388 (±$93) | Not measurably different |
| Bradford | 17 mi | $2,141 (±$323) | Not measurably different |
| Narragansett Pier | 17 mi | $3,164 (±$926) | Not measurably different |
| Westerly (community) | 17 mi | $2,120 (±$134) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Washington County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Narragansett | $2,721 (±$140) |
| 2 | North Kingstown | $2,598 (±$158) |
| 3 | New Shoreham | $2,516 (±$913) |
| 4 | South Kingstown | $2,388 (±$93) |
| 5 | Richmond | $2,309 (±$140) |
| 6 | Exeter | $2,289 (±$174) |
| 7 | Hopkinton | $2,226 (±$132) |
| 8 | Westerly | $2,178 (±$116) |
| 9 | Charlestown | $2,089 (±$167) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about New Shoreham
What is the average mortgage payment in New Shoreham?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in New Shoreham, RI is $2,516 (±$913) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in New Shoreham?
Owners without a mortgage in New Shoreham pay a median of $883 (±$79) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in New Shoreham gone up?
In New Shoreham, the median monthly cost with a mortgage went from $2,806 in 2015–2019 to $2,516 in 2020–2024 (−10.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Shoreham town, Washington County, Rhode Island
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — New Shoreham town, Washington County, Rhode Island
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — New Shoreham town, Washington County, Rhode Island
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — New Shoreham town, Washington County, Rhode Island
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New Shoreham town, Washington County, Rhode Island
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for New Shoreham town, Washington County, Rhode Island (county subdivision:50500, in state:44 county:009).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in New Shoreham at a glance
- Income and affordability in New Shoreham
- Home values in New Shoreham
- Property taxes in New Shoreham
- Types of homes in New Shoreham
- Bedrooms in New Shoreham
- Age of homes in New Shoreham
- Heating fuel in New Shoreham
- Commute and cars in New Shoreham
- Crime reported to police in New Shoreham
- Rhode Island landlord and tenant rules
- Housing across Washington County
- Housing data for every place in Rhode Island