Why Live in Portsmouth
Portsmouth, the second oldest municipality in Rhode Island, is a charming waterside town with a 49-mile shoreline, the longest in the state. Home to nearly 18,000 residents, Portsmouth features quaint homes, unique business opportunities, and noteworthy schools. The town offers a variety of recreational activities, including golfing and equestrian centers. Proximity to Newport and Boston, as well as convenient highway access, adds to its appeal. Housing options range from Cape Cod-influenced colonial revivals with covered front porches to luxurious multi-level homes with modern interiors and textured wood shingle siding. Additional styles include modern log cabins, split levels, and new traditional builds. East Main Road connects residents to local dining and retail destinations, such as Foodworks, known for its breakfast and lunch staples, and Clements’ Marketplace, a family-run grocery store hosting community events like All Natural Day. Escobar’s Farmhouse Inn and Highland Farms offer seasonal activities, including fireworks and corn mazes. The Portsmouth Free Public Library, celebrating its 125th anniversary in 2022, continues to serve as an educational resource. McCorrie Point Beach provides a scenic spot for summer relaxation. Schools in Portsmouth are highly rated, with Melville Elementary, Howard W Hathaway Elementary, Portsmouth Middle, and Portsmouth High School all earning strong marks. The town is safer than the national average and is less than 10 miles from Newport and Fall River, with downtown Providence around 30 miles away. Bus lines run on East Main and West Main roads, enhancing connectivity. Notable employers include Raytheon’s Seapower Capability Center, located just under 4 miles to the southwest.
Home Trends in Portsmouth, RI
On average, homes in Portsmouth, RI sell after 54 days on the market compared to the national average of 50 days. The median sale price for homes in Portsmouth, RI over the last 12 months is $702,500, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$702,500
Median Single Family Sale Price
$725,000
Median Townhouse Sale Price
$524,000
Median 2 Bedroom Sale Price
$749,500
Median 1 Bedroom Sale Price
$342,000
Average Price Per Sq Ft
$415
Number of Homes for Sale
65
Last 12 months Home Sales
254
Median List Price
$750,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
11%