Gaspee Point, RI

Rent in Gaspee Point

Median Gross Rent

$1,193

Rent-to-Income Ratio

30.0%

Renter Share

8.7%

Median Renter Income

$53,913

Avg Household Size

1.5

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

1 Bedroom: $1,194
2 Bedrooms: $1,117

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 14.4%
$1,000-$1,500: 63.3%
$1,500-$2,000: 0.0%
$2,000-$2,500: 6.9%
$2,500+: 15.4%
No Cash Rent: 0.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 23.4%
20-30% (moderate): 26.6%
30-50% (cost-burdened): 33.5%
50%+ (severely cost-burdened): 16.5%
Not Computed: 0.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $93,920
Renter Households: $53,913

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 31.4%
$1,000-$1,500: 53.2%
$1,500-$2,000: 0.0%
$2,000-$2,500: 6.9%
$2,500+: 8.5%
No Cash Rent: 0.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources