Total monthly cost of ownership
Cost to Own a Home in Narragansett Pier, Rhode Island
A $772,000 home here costs
$5,681per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,969. The real number is $1,712 higher every month — 43% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Narragansett Pier against Washington County and Rhode Island
| Measure | Narragansett Pier | Washington County |
|---|---|---|
| Median home value | $771,800 | $469,800 |
| Median property tax | $4,939 | $4,954 |
| Effective tax rate | 0.640% | 1.054% |
| Median gross rent | $1,721 | $1,303 |
| Population | 3,080 | 130,073 |
The weather behind that power bill
Narragansett Pier 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 $265 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
Common questions
How much does it cost to own a home in Narragansett Pier?
A $772,000 home in Narragansett Pier, Rhode Island costs approximately $5,681 per month with 20% down at 6.66%. That is $3,969 principal and interest, $412 property tax, $324 homeowners insurance, $333 utilities and $643 set aside for maintenance.
What is the property tax rate in Narragansett Pier?
Narragansett Pier has an effective property tax rate of 0.640%, based on a median home value of $771,800 and median real estate taxes of $4,939. That is lower than the Washington County average of 1.054%.
What is the average home price in Narragansett Pier?
The median owner-occupied home value in Narragansett Pier, Rhode Island is $771,800, against $469,800 across Washington County.
Is it cheaper to rent or buy in Narragansett Pier?
Median gross rent in Narragansett Pier is $1,721 a month, against $5,681 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Narragansett Pier — 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.