Quick facts: Rockville, RI

Quick Facts

113.8
Cost of Living
above US average
845
Population
59.17
Crime Rate per 1000
above US average
$61,200
Median Income
below US average
$2,500,000
Median House Price
above US average
$2097
Average Rent
above US average
6%
Poverty Rate
below US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $61,200.

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Income Needed to Buy

βœ— Stretch
$784k/year
Based on $2,500,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $784k vs median $61,200
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Income Needed to Rent

⚠ Stretch
$90k/year
Based on $2097/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $90k vs median $61,200
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rockville, RI

Rockville is a quaint village located within the town of Hopkinton in Washington County, Rhode Island. Nestled in the picturesque landscapes of southern New England, Rockville boasts a rich history that dates back to the early 19th century. The area is characterized by its charming residential neighborhoods, with a mix of historic homes and modern amenities. The village is surrounded by natural beauty, featuring access to several parks, hiking trails, and waterways, making it ideal for outdoor enthusiasts. Nearby, the Pawcatuck River offers opportunities for kayaking and fishing, while nature lovers can explore the lush greenery of local reserves. Rockville is known for its community-oriented atmosphere, evidenced by local events and gatherings that foster a close-knit environment. The village is conveniently located near major highways, providing easy access to nearby towns and cities, including the bustling cultural and commercial hubs of Westerly and Providence. Overall, Rockville is a peaceful and inviting community, perfect for those seeking a blend of rural charm and suburban conveniences.

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