House Prices

Homestead Prudence Island, RI House Prices & Home Values 2026


Average Data

average house price$529,232
average size per house1964 ft²
average price per ft²291 $ / ft²

04/05/2026 - The value range (VR) for house prices in Homestead Prudence Island, RI is $276.45/ sqft to $305.55/ sqft. An average home with 1964 sqft costs approximately $584,755 to $646,308. Prudence Island, RI includes 1 ZIP codes and it is located in Newport county. The lowest prices are found in ZIP 02872, while the highest are in ZIP 02872. The average price per sqare feet is $291. Our analysis is based on 16 property listings.

Avergage prices by ZIP codes Homestead Prudence Island

02872331 $ / ft²




Historical development of home values in Homestead Prudence Island

Year Estimated value (USD) Change vs. 2025
2010 $245,785 -53.6%
2011 $236,280 -55.4%
2012 $235,644 -55.5%
2013 $244,452 -53.8%
2014 $256,607 -51.5%
2015 $269,777 -49.0%
2016 $283,856 -46.4%
2017 $299,177 -43.5%
2018 $315,717 -40.3%
2019 $330,356 -37.6%
2020 $347,434 -34.4%
2021 $395,169 -25.3%
2022 $460,678 -13.0%
2023 $485,807 -8.2%
2024 $513,911 -2.9%
2025 $529,232 0.0%

Graph: estimated home values in Homestead Prudence Island over time (USD)



Example: 100% financing house in Homestead Prudence Island

Loan amount: $529,232

Interest rate: 6.46%

Fixed monthly payment: $3,331.89

Breakdown in the 1st month:
Interest portion: $2,849.91  –  Principal portion: $481.98

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $34,024.56 $5,958.14 $523,273.86
2 $33,627.93 $6,354.76 $516,919.10
3 $33,204.91 $6,777.79 $510,141.31
4 $32,753.72 $7,228.98 $502,912.34
5 $32,272.50 $7,710.20 $495,202.14
6 $31,759.24 $8,223.46 $486,978.68
7 $31,211.81 $8,770.88 $478,207.80
8 $30,627.95 $9,354.75 $468,853.05
9 $30,005.21 $9,977.48 $458,875.57
10 $29,341.03 $10,641.67 $448,233.90
11 $28,632.62 $11,350.07 $436,883.82
12 $27,877.07 $12,105.63 $424,778.19
13 $27,071.21 $12,911.49 $411,866.71
14 $26,211.71 $13,770.99 $398,095.72
15 $25,294.99 $14,687.70 $383,408.02
16 $24,317.25 $15,665.44 $367,742.58
17 $23,274.43 $16,708.27 $351,034.31
18 $22,162.18 $17,820.52 $333,213.79
19 $20,975.89 $19,006.80 $314,206.99
20 $19,710.63 $20,272.06 $293,934.93
21 $18,361.15 $21,621.55 $272,313.38
22 $16,921.83 $23,060.86 $249,252.52
23 $15,386.70 $24,595.99 $224,656.52
24 $13,749.38 $26,233.32 $198,423.21
25 $12,003.06 $27,979.63 $170,443.57
26 $10,140.50 $29,842.20 $140,601.37
27 $8,153.94 $31,828.75 $108,772.62
28 $6,035.14 $33,947.55 $74,825.07
29 $3,775.30 $36,207.40 $38,617.67
30 $1,365.02 $38,617.67 $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 Homestead Prudence Island, RI


1500 sqft3900 sqft
Ø selling price$568,834$1,210,065
Ø fast selling$517,122$1,089,058
Ø high price sale$620,546$1,331,071

In 2026, houses in Homestead Prudence Island, RI will be offered at an average price of $291 per square foot. A 1,500 sqft home priced at $568,834 is 24.77% more expensive per square foot than a 3,900 sqft home priced at $1,210,065. Home prices in Homestead Prudence Island, 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 $837,737. Sellers who can wait longer may achieve a higher price of up to $1,023,901.


Homestead, Prudence Island, RI

Overview

Homestead is a quiet coastal neighborhood on Prudence Island in Portsmouth, Rhode Island, offering peaceful living along Narragansett Bay.
Known for its maritime charm and low-key vibe, the Homestead, Prudence Island, RI area appeals to nature lovers and weekend escapees.

Lifestyle & Nature

Residents enjoy unspoiled shorelines, historic stone walls, and forested lanes that showcase classic New England scenery. Proximity to the Narragansett Bay National Estuarine Research Reserve brings exceptional birdwatching, including ospreys, egrets, and migrating waterfowl. Quiet roads and sandy coves make Homestead ideal for walking, cycling, kayaking, and sunset picnics.

Real Estate & Access

This slice of Prudence Island real estate ranges from simple seasonal cottages to modest year-round homes, with occasional waterfront listings and sweeping bay views. Inventory is limited and utilities are island-style, so buyers often evaluate wells, septic systems, storm resilience, and flood zones before making an offer. Access is via the Prudence Island ferry from Bristol, and Homestead?s convenient location keeps daily life manageable while preserving the island?s secluded feel.

Things to Do & Practical Tips

Popular activities include boating, fishing, shellfishing with proper permits, and exploring nearby beaches and trails. With few commercial services on the island, visitors and homeowners plan ahead for supplies, making Homestead a serene, unplugged retreat with authentic coastal Rhode Island character.



FAQ – Home Values in Homestead Prudence Island

What is the median home value in Homestead Prudence Island in 2026?

In 2026, the typical home value in Homestead Prudence Island is about $529,232 for an average home size of 1964 square feet. This corresponds to an average price of roughly $291 per square foot.

What is the average cost per square foot in Homestead Prudence Island?

In 2026, homes in Homestead Prudence Island sell for an average of around $291 per square foot, with a typical range between $276.45 and $305.55 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Homestead?

The average home size in Homestead Prudence Island is about 1964 square feet, with an estimated 2026 value around $529,232.



Neighborhoods close to Homestead Prudence Island, RI

Shannock Historic District Shannock, RI189 $ / ft²
North Tiverton Tiverton, RI200 $ / ft²
Peace Dale Wakefield, RI208 $ / ft²
Common Fence Point Portsmouth, RI244 $ / ft²
Albion Lincoln, RI173 $ / ft²
Arnold Mills Cumberland, RI179 $ / ft²
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