The typical owner-occupied home in Greene is worth about $424,000, 5% above the Rhode Island median of $404,200 and 27% above the national median of $332,700. Owners pay a median $6,609 a year in property taxes, about 1.56% of their home's value, higher than the Rhode Island rate of 1.21%. The median household earns $129,583 a year, so the median home costs 3.3 times the median income (4.6 times for Rhode Island). 100% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Greene at a glance
| Greene | Rhode Island | U.S. | |
|---|---|---|---|
| Median home value | $424,000 | $404,200 | $332,700 |
| Median property tax paid per year | $6,609 | $4,900 | $3,119 |
| Property tax as a share of value | 1.56% | 1.21% | 0.94% |
| Median household income | $129,583 | $87,796 | $80,734 |
| Homes lived in by their owners | 100% | 64% | 65% |
| Owner homes with a mortgage | 67% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,289 | $2,234 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 22.1% | 21.0% |
| Median rent | – | $1,342 | $1,413 |
| Median year homes were built | 1980 | 1962 | 1980 |
| Vacant homes | 6.8% | 9.1% | 10.1% |
| Population | 962 | 1,101,801 | 334,922,499 |
What a typical home costs per month in Greene
At this week's average 30-year rate of 7.11%, buying the median Greene home of $424,000 with 20% down costs about $3,010 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,716, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $128,987 for the 20%-down payment. That payment is 28% of the median Greene household income of $129,583; at that income and 20% down, the 28% guideline points to a home of about $426,000.
| Down payment | $84,800 |
|---|---|
| Loan amount | $339,200 |
| Principal and interest | $2,282 |
| Property taxes (1.56% a year) | $551 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| PMI | $0 |
| Total per month | $3,010 |
Change the numbers in the calculator
| Down payment | $14,840 |
|---|---|
| Loan amount | $416,320 |
| Principal and interest | $2,801 |
| Property taxes (1.56% a year) | $551 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| FHA mortgage insurance | $188 |
| Total per month | $3,716 |
Change the numbers in the calculator
Questions about home buying in Greene
What is the median home value in Greene?
About $424,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Greene?
Homeowners pay a median $6,609 a year, which is about 1.56% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Greene?
For the median home with 20% down at 7.11%, the payment is about $3,010 a month. Keeping that under 28% of gross income takes about $128,987 a year.
More about Greene
- Mortgage Refinance in Greene
- Debt Relief in Greene
- Home Equity Loans in Greene
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data