Closing costs in Rhode Island
See how much you might have to shell out in closing costs when you buy or sell a home in this state.
According to data from ClosingCorp, the average closing cost in Rhode Island is $4,618.81 after taxes, or approximately 1.15% to 1.54% of the final home sale price.
Closing cost stats in Rhode Island
Across the state, the average home sells for between $300,000 and $400,000. If you buy a property in that range, expect to pay between $3,464.11 and $6,158.41 in closing costs after taxes.
|Average home sale price||$300,000 to $400,000|
|Average total closing cost||$4,618.81|
|Expected closing cost range||$3,464.11 to $6,158.41|
|Percentage of closing cost to home sale price||1.15% to 1.54%|
How much does tax affect the closing cost?
Buyers and sellers in Rhode Island pay an average of $1,638.85 in tax combined for the closing. This accounts for 35.48% of the total average closing cost in Rhode Island.
|Average tax paid||$1,638.85|
|Percentage of total closing cost||35.48%|
Buyers and sellers in Rhode Island pay an average of $4,619 in closing costs.
How do closing costs in Rhode Island compare nationally?
The closing costs for buying a home in Rhode Island are above the national average after accounting for taxes. It’s 26 in our rankings which rates states from lowest to highest closing cost.
|Average total closing cost in Rhode Island||Ranking*|
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Rhode Island.
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