Buying a Home in Warren
The town of Warren, RI, has the distinction of being the smallest town in the country’s smallest state. Unfortunately, it also has a robust real estate market; you can tell that quickly by looking up the houses for sale.
If you are considering buying a home in Warren, you should know there is more to the town than its diminutive stature. Warren boasts a tight-knit community and a rich background. The town has also developed a distinct cultural identity that sets it apart from other Rhode Island locales.
Go ahead and look up some homes for sale in Warren, RI. By the end of this article, you will get to know the town better and find that it can be the ideal home for you and your family.
Understanding the History of Warren, RI
Warren, RI, is a town that embraces its history. That much is evident the first time you visit the town.
This town features strong ties to Native Americans. In the 17th century, the Pokanoket people established Sowams in the area we now know as Warren. Sowams also stretched to nearby areas, including Barrington, Bristol, and East Providence.
You can learn more about Warren’s ties to Native American history by heading over to Baker Street. There, you will find the Massasoit Spring Monument, which commemorates the legacy of Pokanoket leader Ousamequin.
Warren’s waterfront district is also worth exploring if you want to learn more about the town’s history. It also features some remarkable old-world architecture that you should see in person.
What you will also notice about Warren is the town’s dedication to preserving its history. Members of the community are fully involved in preservation efforts, which is why the waterfront district remains an active part of the town despite its age.
What You Can Expect from Warren’s Housing Market
Houses for sale in Warren, RI, are easy to find. Contact a buying agent in the area, and they can present you with various great housing options. But, of course, there are other things besides the availability of numerous properties that matters in the housing market. Therefore, we still must check out what house prices are like in the area.
So, how expensive are the homes for sale in Warren, RI? You will find that prices in the area are in line with the rest of the state.
BestPlaces.net reports the median price of a home in Rhode Island to be $401,200. However, in Warren specifically, that number only jumps up a bit to $411,300.
Affordable homes are available in Warren to those willing to put in the work. Enlist the help of a reputable buying agent and start scouring the listings in the area so you can find the properties that offer the best value.
Warren is also not that different from the rest of Rhode Island in terms of the overall cost of living. If you are moving from a different Rhode Island city to Warren, the cost of living expenses are similar to what you are used to.
Learning More about the Neighborhoods of Warren, RI
The neighborhood you choose will help determine how much your new home will cost. In this section of the article, we will turn our attention to the different neighborhoods of Warren, RI, and discuss their housing markets.
Beach Terrace/Laurel Park
The neighborhood encompassing Beach Terrace and Laurel Park features Warren’s most expensive real estate market. According to NeighborhoodScout, the median cost of a new home in Beach Terrace/Laurel Park is $445,460.
Given the house prices in Beach Terrace and Laurel Park, you probably will not be surprised to learn that the area is home to many retirees. The relative lack of available homes in this neighborhood is also helping drive up demand.
Next up, we have the neighborhood that covers Coggeshall and East Warren. Homes here are slightly less expensive compared to Beach Terrace and Laurel Park. The median cost of a new home in this Warren neighborhood is closer to $438,000.
You will probably find good deals easier when shopping in this neighborhood. The vacancy rate here is right around 11.6%. Sellers based in this neighborhood are likely more open to negotiating.
Last but not least, you can also do your home shopping in the Town Center neighborhood. Homes are significantly more affordable here. The median cost of a new home in this neighborhood is slightly over $399,000.
Vacant properties are harder to find in the Town Center. Make your search easier by hiring a buying agent familiar with the area.
How to Spend Your Free Time in Warren, RI
Warren has plenty to offer guests and residents regarding activities.
Folks who love spending outdoors will enjoy exploring Warren’s natural landscape. Hop on your bicycle and go through the East Bay Bike Path to get a closer look at Warren’s underappreciated beauty.
You can also drop by the waterfront district to enjoy the distinctive feel of the area. While you are there, it feels like stepping into a different era of the town.
In recent years, Warren has also developed more of an identity as an artistic hotspot. Art shows are throughout the year, and the town also has its fair share of studios. Whether you are a lover of the arts or someone looking to pursue a career in the field, Warren will be a good hometown for you.
Check Out the Houses for Sale in Warren, RI
We at the RI Home Store can help you find the Warren property that best suits your budget and preferences. RI Home Store was recently named one of the top 40 Rhode Island real estate agents on social media by PropertySpark. RE/MAX First Choice also named us their top-performing agent.
Our credentials speak for themselves. Contact us today if you are looking for the best houses for sale in Warren, RI!