Building Costs Per Square Foot in the State of Rhode Island – Single Family Homes

Rhode Island 482 Louise Street Woonsocket RI-02895 - 4 Beds and 3 Baths with 2 Attached Garages on Gross Floor Area 2,100 sqft - Built in 2022 - Price $589,900 (4)

Newly Built House in Rhode Island 482 Louise Street Woonsocket RI-02895 – 4 Beds and 3 Baths with 2 Attached Garages on Gross Floor Area 2,100 sqft – Built in 2022 – Price $589,900 (4)

As of 2024, building costs in the state of Rhode Island are 4% above the national average. The charts below show a comparison of costs between luxury, semi-luxury, best, good, average and minimum standard single-family houses. Costs are also given for manufactured housing in five quality classes.

2024 Building Costs Per Square Foot for Single Family Homes in the State of Rhode Island, USA

  • Class 1 – Luxury Homes – $420.99 to $632.39 per sqft
  • Class 2 – Semi Luxury Homes – $255.87 to $384.33 per sqft
  • Class 3 – Best Standard Homes – $165.32 to $246.18 per sqft
  • Class 4 – Good Standard Homes – $120.71 to $181.39 per sqft
  • Class 5 – Average Standard Homes – $97.99 to $147.05 per sqft
  • Class 6 – Minimum Standard  Homes – $77.29 to $116.07 per sqft
Rhode Island Single Family Houses 2024 Building Costs

Rhode Island Single Family Houses 2024 Building Costs

2024 Building Costs Per Square Foot for Manufactured Housing in the State of Rhode Island, USA

Manufactured housing is composed of one or more prefabricated modular units which are delivered to the site and assembled on a RC foundation or slab.

  • Best Quality Housing – $147.44 to $167.33 per sqft
  • Good Quality Housing – $124.49 to $147.63 per sqft
  • Average Quality Housing – $101.20 to $128.56 per sqft
  • Low Average Quality Housing – $85.80 to $112.02 per sqft
  • Lowest Quality Housing – $73.81 to $99.09 per sqft
Rhode Island Manufactured Housing 2024 Building Costs

Rhode Island Manufactured Housing 2024 Building Costs

 

2022 Residential Construction Market Analysis in the State of Rhode Island, USA

Building costs are 5% above the national average in the state of Rhode Island, equivalent to the state of Texas and closer to the states of Illinois, North Dakota and New York by a deviation of 1%. Rhode Island has always been a state where the real estate market has excelled, either because of its quality of properties for sale or because of the ambition of buyers, it always finds a way to stay afloat in the face of crises. In fact, after the crisis in 2008, the Rhode Island real estate market was the one that showed that it was possible to get ahead, and was one of the first to notice improvements.

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