The typical owner-occupied home in Harrisville is worth about $355,000, 12% below the Rhode Island median of $404,200 and 7% above the national median of $332,700. Owners pay a median $3,740 a year in property taxes, about 1.05% of their home's value, lower than the Rhode Island rate of 1.21%. The median household earns $62,535 a year, so the median home costs 5.7 times the median income (4.6 times for Rhode Island). 74% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Harrisville at a glance
| Harrisville | Rhode Island | U.S. | |
|---|---|---|---|
| Median home value | $355,000 | $404,200 | $332,700 |
| Median property tax paid per year | $3,740 | $4,900 | $3,119 |
| Property tax as a share of value | 1.05% | 1.21% | 0.94% |
| Median household income | $62,535 | $87,796 | $80,734 |
| Homes lived in by their owners | 74% | 64% | 65% |
| Owner homes with a mortgage | 61% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,146 | $2,234 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 22.1% | 21.0% |
| Median rent | $1,094 | $1,342 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.2% | 30.6% |
| Median year homes were built | 1972 | 1962 | 1980 |
| Vacant homes | 4.5% | 9.1% | 10.1% |
| Population | 1,767 | 1,101,801 | 334,922,499 |
What a typical home costs per month in Harrisville
At this week's average 30-year rate of 7.11%, buying the median Harrisville home of $355,000 with 20% down costs about $2,369 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,960, 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 $101,530 for the 20%-down payment. That payment is 45% of the median Harrisville household income of $62,535; at that income and 20% down, the 28% guideline points to a home of about $219,000.
The median rent here is $1,094 a month, so owning the median home costs about $1,275 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $71,000 |
|---|---|
| Loan amount | $284,000 |
| Principal and interest | $1,910 |
| Property taxes (1.05% a year) | $311 |
| Homeowners insurance (our estimate, 0.5% a year) | $148 |
| PMI | $0 |
| Total per month | $2,369 |
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| Down payment | $12,425 |
|---|---|
| Loan amount | $348,570 |
| Principal and interest | $2,345 |
| Property taxes (1.05% a year) | $311 |
| Homeowners insurance (our estimate, 0.5% a year) | $148 |
| FHA mortgage insurance | $157 |
| Total per month | $2,960 |
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Questions about home buying in Harrisville
What is the median home value in Harrisville?
About $355,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Harrisville?
Homeowners pay a median $3,740 a year, which is about 1.05% 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 Harrisville?
For the median home with 20% down at 7.11%, the payment is about $2,369 a month. Keeping that under 28% of gross income takes about $101,530 a year.
More about Harrisville
- Mortgage Refinance in Harrisville
- Debt Relief in Harrisville
- Home Equity Loans in Harrisville
- 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