Rent to Own Homes near Warwick, RI

  • Warwick, Rhode Island, is an ideal city to make your home. A large park, a small beach and a collection of cozy villages give the city the feel of a small community, while the airport and train station make it easy to connect with the rest of the world. Crime rates are relatively low, considering its population of over 80,000 people, and the Warwick Public Schools system is well-regarded throughout the state. The city has endless shopping options, including the popular Warwick Mall. In fact, people come from all over for major purchases, as the city has major car dealers, appliance stores and discount retailers in one area.

Check out Warwick, RI homes for sale that may include: rent to own, foreclosure, HUD, for sale by owner and more

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Top Reasons to Live in Warwick RI

  • Housing Statistics Over the past year, the median home sale price in Warwick was $160,100, which is up by nearly $20,000 when compared to the previous year. This includes data from the 289 house sales transactions that took place, a number that has decreased somewhat since the year before. Just under 75 percent of the homes in Warwick are owner-occupied, and rental properties include a nice mix of both homes and apartments of every size. The median rent is approximately $1,000, which is slightly higher than the state average. Vacancy rate is 5.6 percent and mostly made up of rental homes. That works out nicely for both homeowners and those looking to rent, because there are many rental and purchase opportunities. With the tightening of credit over the past few years, some homeowners are offering a rent to own plan, which takes the pressure of buying and selling off the table.
  • Shopping in the City When it comes to shopping, anything you could possibly want is available in a short drive, as Warwick is home to many chain and box stores. Some of the more popular businesses even have two locations in the city. The busy Warwick Mall has a variety of large and small shops, as well as a food court and a carousel to entertain the kids. Pawtuxet Village Farmers' Market offers fresh produce, and Warwick Commons, Bald Hill Place, and Warwick Center offer many shopping opportunities in one place. Some of the neighborhoods offer specialty boutiques, such as Becky Brosco Salon & Boutique and Yris Bridal Design, and there are several areas that feature small-town style Main Streets, with coffee shops, antique stores, hair salons and individually-owned businesses.
  • Entertainment and NightlifeWarwick has a selection of clubs catering to any imaginable music taste, ranging from country to heavy metal. Other folks frequent the sports bars and local watering holes, such as the Nostalgia Grille & Lounge, Fat Belly's Pub, and Sports View Bar. Those who prefer theater take a 15-minute drive to nearby Providence, where the nationally recognized Trinity Repertory Theater makes its home, along with the Providence Performing Arts Center and the Veteran's Memorial Auditorium.
  • Choosing a Neighborhood Moving to Warwick is surprisingly easy, considering its popularity. There are 10 distinct neighborhoods, so there is something for every taste and price range. Here are a few of Warwick's main neighborhoods: