Compare South Kingstown, RI mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in South Kingstown.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in South Kingstown. Plus, shopping lenders is free and there is no obligation.
August 28, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in South Kingstown. Understand how much you need to earn to afford a home in South Kingstown, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in South Kingstown fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in South Kingstown is right for you.
The median home value for South Kingstown, RI (Washington County) is $491,008
Based on current mortgage rates and a 10% down payment, you need to make $102,432 per year to buy the median priced home in South Kingstown
With this income, you could qualify for a $441,907 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in South Kingstown is $2,372
The median household income for South Kingstown, RI (Washington County) is $91,747
Based on this income, you can afford a home valued at approximately $439,790
The home price you can afford to buy based on household income in South Kingstown is 90% of the median home value which means housing prices are expensive. South Kingstown (Washington County) ranks 4 out of 5 counties in Rhode Island and 2,914 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in South Kingstown, RI is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for South Kingstown (Washington County) below.
Conforming loan limits for South Kingstown, RI
FHA loan limits for South Kingstown, RI