Discover Warwick
Warwick, Rhode Island, is the largest city in Kent County and a premier location for real estate and rental property investment. With a mix of waterfront communities, suburban neighborhoods, and urban conveniences, Warwick combines quality of life with strong housing demand. Its proximity to Providence, T.F. Green Airport, and major highways makes it ideal for renters, commuters, and investors alike.
The local market is marked by consistent rental demand, active home sales, and a diverse mix of property types — from single‑family homes to multi‑family units and waterfront rentals. Our property management approach focuses on maximizing occupancy, optimizing cash flow, and ensuring compliance with Rhode Island’s landlord‑tenant regulations.
Warwick Market Snapshot
Key indicators provide insight into the real estate and rental environment in Warwick:
- Median Home Prices: Around $405,000–$410,000 for single‑family homes, illustrating strong residential sales activity.
- Homes Sell Quickly: Properties often spend ~30 days or fewer on market, signaling competitive demand.
- Rental Market: Average rents are approximately $2,200–$2,300 per month, placing Warwick above national averages.
- Market Activity: Hundreds of residential transactions occur annually, creating ongoing opportunities for investors.
- Investor Advantage: Transit access, neighborhood diversity, and strong rental pricing support both long‑term and cash‑flow strategies.
Neighborhood & Community Highlights
Warwick’s neighborhoods offer a range of tenant and investment opportunities:
- Cowesett: Suburban community with high residential demand and quality amenities.
- Oakland Beach & Warwick Neck: Waterfront living with strong rental interest and scenic appeal.
- Apponaug: Central business district with mixed‑use properties and commuter convenience.
- Pawtuxet Village: Historic area with walkable streets, shops, and desirable rental units.
Landlord‑Tenant Compliance in Warwick
Compliance with Rhode Island landlord‑tenant law is critical for all Warwick property owners. Key requirements include:
- Maximum security deposit is limited to one month’s rent, with strict return timelines.
- Lead‑safe housing certificates are required for pre‑1978 properties.
- A 5‑day notice to quit is typical for non‑payment situations.
- Essential services, including heat and running water, must be maintained year‑round.
- Non‑retaliation protections prohibit punitive actions against tenants who assert legal rights.
Investment Opportunities in Warwick
Warwick offers a broad spectrum of opportunities for investors — from multi‑family buildings and suburban rentals to waterfront homes and commuter‑oriented properties. With rental demand above national averages and competitive home sales dynamics, investors can maximize cash flow, achieve long‑term appreciation, and diversify portfolios within this economically vibrant community.