Question 1

How expensive is land in Rhode Island?

Accepted Answer

There are 673,00 acres of farms, ranches, commercial property, and other parcels of land in Rhode Island which is the smallest in the US. The average cost per acre is $133,730. Waterfront properties in Rhode Island are the most expensive.

Question 2

What is the weather and seasonality like?

Accepted Answer

Land in Rhode Island near the ocean has a slightly different weather pattern than the land in the hilly sections of the state. The mean annual temperature by the water is 51 degrees, but it drops to 48 degrees in higher elevations. The annual rainfall of 42-46 inches is evenly distributed throughout the year. Summer temperatures can reach 100 degrees and drop as low as 0 degrees in the winter.

Question 3

What are some things to consider before buying in Rhode Island?

Accepted Answer

One consideration is the high cost of land acquisition. Farmland prices in Rhode Island were slightly above $16,000 per acre in 2021, which is significantly above the national average of $1,400. Another consideration, especially if you are looking for work or trying to make a living off the land, is the low economic activity in Rhode Island. You also have to consider access to utilities, zoning restrictions on land usage and buildings and environmental regulations that could affect your plans for the land.

Beach Properties for Sale in Rhode Island