House Prices

Melville Portsmouth, RI House Prices & Home Values 2026


Average Data

average house price$521,382
average size per house1920 ft²
average price per ft²254 $ / ft²

05/10/2026 - The value range (VR) for house prices in Melville Portsmouth, RI is $241.3/ sqft to $266.7/ sqft. An average home with 1920 sqft costs approximately $433,182 to $478,780. Portsmouth, RI includes 1 ZIP codes and it is located in Newport county. The lowest prices are found in ZIP 02871, while the highest are in ZIP 02871. The average price per sqare feet is $254. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Melville Portsmouth

02871227 $ / ft²




Historical development of home values in Melville Portsmouth

Year Estimated value (USD) Change vs. 2025
2010 $242,139 -53.6%
2011 $232,776 -55.4%
2012 $232,149 -55.5%
2013 $240,826 -53.8%
2014 $252,801 -51.5%
2015 $265,776 -49.0%
2016 $279,646 -46.4%
2017 $294,739 -43.5%
2018 $311,034 -40.3%
2019 $325,456 -37.6%
2020 $342,281 -34.4%
2021 $389,307 -25.3%
2022 $453,845 -13.0%
2023 $478,601 -8.2%
2024 $506,288 -2.9%
2025 $521,382 0.0%

Graph: estimated home values in Melville Portsmouth over time (USD)



Example: 100% financing house in Melville Portsmouth

Loan amount: $521,382

Interest rate: 5.61%

Fixed monthly payment: $2,996.43

Breakdown in the 1st month:
Interest portion: $2,437.46  –  Principal portion: $558.97

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $29,074.34 $6,882.85 $514,499.15
2 $28,678.13 $7,279.07 $507,220.08
3 $28,259.11 $7,698.09 $499,522.00
4 $27,815.97 $8,141.23 $491,380.77
5 $27,347.32 $8,609.88 $482,770.89
6 $26,851.69 $9,105.51 $473,665.38
7 $26,327.53 $9,629.67 $464,035.71
8 $25,773.19 $10,184.00 $453,851.71
9 $25,186.95 $10,770.25 $443,081.46
10 $24,566.96 $11,390.24 $431,691.22
11 $23,911.28 $12,045.92 $419,645.30
12 $23,217.85 $12,739.34 $406,905.96
13 $22,484.51 $13,472.69 $393,433.27
14 $21,708.95 $14,248.25 $379,185.02
15 $20,888.75 $15,068.45 $364,116.58
16 $20,021.33 $15,935.87 $348,180.71
17 $19,103.98 $16,853.22 $331,327.49
18 $18,133.82 $17,823.38 $313,504.12
19 $17,107.81 $18,849.38 $294,654.73
20 $16,022.75 $19,934.45 $274,720.28
21 $14,875.22 $21,081.98 $253,638.30
22 $13,661.63 $22,295.57 $231,342.73
23 $12,378.18 $23,579.02 $207,763.71
24 $11,020.85 $24,936.35 $182,827.37
25 $9,585.38 $26,371.81 $156,455.55
26 $8,067.28 $27,889.91 $128,565.64
27 $6,461.80 $29,495.40 $99,070.24
28 $4,763.89 $31,193.31 $67,876.93
29 $2,968.24 $32,988.96 $34,887.97
30 $1,069.22 $34,887.97 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Melville Portsmouth, RI


1500 sqft3900 sqft
Ø selling price$431,045$916,949
Ø fast selling$391,859$825,255
Ø high price sale$470,231$1,008,644

In 2026, houses in Melville Portsmouth, RI will be offered at an average price of $254 per square foot. A 1,500 sqft home priced at $431,045 is 21.51% more expensive per square foot than a 3,900 sqft home priced at $916,949. Home prices in Melville Portsmouth, RI vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $634,811. Sellers who can wait longer may achieve a higher price of up to $775,880.

FAQ – Home Values in Melville Portsmouth

What is the median home value in Melville Portsmouth in 2026?

In 2026, the typical home value in Melville Portsmouth is about $521,382 for an average home size of 1920 square feet. This corresponds to an average price of roughly $254 per square foot.

What is the average cost per square foot in Melville Portsmouth?

In 2026, homes in Melville Portsmouth sell for an average of around $254 per square foot, with a typical range between $241.3 and $266.7 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Melville?

The average home size in Melville Portsmouth is about 1920 square feet, with an estimated 2026 value around $521,382.



Neighborhoods close to Melville Portsmouth, RI

Homestead Prudence Island, RI331 $ / ft²
Shannock Historic District Shannock, RI189 $ / ft²
North Tiverton Tiverton, RI200 $ / ft²
Albion Lincoln, RI173 $ / ft²
Arnold Mills Cumberland, RI179 $ / ft²
Wallum Lake Pascoag, RI150 $ / ft²
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