Total monthly cost of ownership
Cost to Own a Home in Bradford, Rhode Island
A $387,000 home here costs
$3,033per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $130,000 a year.
A standard mortgage calculator would have told you $2,110. The real number is $923 higher every month, 44% more than the payment most buyers budget for.
Compare Washington County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bradford from a five-year rolling sample, and with about 1,437 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Washington County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bradford against Washington County and Rhode Island
| Measure | Bradford | Washington County |
|---|---|---|
| Median home value | $387,100 | $469,800 |
| Median property tax | $2,523 | $4,954 |
| Effective tax rate | 0.652% | 1.054% |
| Median gross rent | — | $1,303 |
| Population | 1,437 | 130,073 |
The weather behind that power bill
Bradford sits in Washington County, which averages a high of 80.3°F in its hottest month and a low of 19.3°F in its coldest, with 51.57" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 442 cooling and 6,173 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Washington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Rhode Island
Talk to someone who works this market
These are Bradford averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bradford every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bradford I already own here and may sell
Common questions
How much does it cost to own a home in Bradford?
A $387,000 home in Bradford, Rhode Island costs approximately $3,033 per month with 20% down at 7.24%. That is $2,110 principal and interest, $210 property tax, $163 homeowners insurance, $228 utilities and $323 set aside for maintenance.
What is the property tax rate in Bradford?
Bradford has an effective property tax rate of 0.652%, based on a median home value of $387,100 and median real estate taxes of $2,523. That is lower than the Washington County average of 1.054%.
What is the average home price in Bradford?
The median owner-occupied home value in Bradford, Rhode Island is $387,100, against $469,800 across Washington County.
Is it cheaper to rent or buy in Bradford?
Rent data is not published for Bradford at this level of detail.
What salary do you need to buy a home in Bradford?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bradford, Rhode Island at today's rate takes a household income of roughly $130,000 a year. That covers the full $3,033 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bradford, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Rhode Island.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.