The typical owner-occupied home in Bradford is worth about $418,100, 3% above the Rhode Island median of $404,200 and 26% above the national median of $332,700. Owners pay a median $2,667 a year in property taxes, about 0.64% of their home's value, lower than the Rhode Island rate of 1.21%. The median household earns $120,250 a year, so the median home costs 3.5 times the median income (4.6 times for Rhode Island). 71% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Bradford at a glance
| Bradford | Rhode Island | U.S. | |
|---|---|---|---|
| Median home value | $418,100 | $404,200 | $332,700 |
| Median property tax paid per year | $2,667 | $4,900 | $3,119 |
| Property tax as a share of value | 0.64% | 1.21% | 0.94% |
| Median household income | $120,250 | $87,796 | $80,734 |
| Homes lived in by their owners | 71% | 64% | 65% |
| Owner homes with a mortgage | 78% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,141 | $2,234 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 22.1% | 21.0% |
| Median rent | – | $1,342 | $1,413 |
| Median year homes were built | 1972 | 1962 | 1980 |
| Vacant homes | 0.0% | 9.1% | 10.1% |
| Population | 1,511 | 1,101,801 | 334,922,499 |
What a typical home costs per month in Bradford
At this week's average 30-year rate of 7.11%, buying the median Bradford home of $418,100 with 20% down costs about $2,647 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,344, 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 $113,454 for the 20%-down payment. That payment is 26% of the median Bradford household income of $120,250; at that income and 20% down, the 28% guideline points to a home of about $443,000.
| Down payment | $83,620 |
|---|---|
| Loan amount | $334,480 |
| Principal and interest | $2,250 |
| Property taxes (0.64% a year) | $223 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| PMI | $0 |
| Total per month | $2,647 |
Change the numbers in the calculator
| Down payment | $14,634 |
|---|---|
| Loan amount | $410,527 |
| Principal and interest | $2,762 |
| Property taxes (0.64% a year) | $223 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| FHA mortgage insurance | $185 |
| Total per month | $3,344 |
Change the numbers in the calculator
Questions about home buying in Bradford
What is the median home value in Bradford?
About $418,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bradford?
Homeowners pay a median $2,667 a year, which is about 0.64% 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 Bradford?
For the median home with 20% down at 7.11%, the payment is about $2,647 a month. Keeping that under 28% of gross income takes about $113,454 a year.
More about Bradford
- Mortgage Refinance in Bradford
- Debt Relief in Bradford
- Home Equity Loans in Bradford
- 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