Wakefield, RI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Wakefield short-term rental market based on reliable data.

Listings

146 / 501

Reliable / Active

Revenue

$35,071

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Top Earners

$75,682

Top-Earners Revenue

Wakefield

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Wakefield.

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B

Generally Investor friendly

Wakefield Regulations

Short‑term rentals are clearly permitted with simple annual registration ($100 fee) and no meaningful caps; however, investors must also complete a state registration and comply with taxes and reporting, introducing moderate steps and fees.

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About Wakefield

Wakefield is a village within the town of South Kingstown, located in Washington County in southern Rhode Island. The broader town of South Kingstown has a population of roughly 30,000 residents, and Wakefield itself functions as one of the area's main commercial hubs. The village has a relaxed, suburban New England character, with a walkable downtown strip, locally owned shops and restaurants, and a year-round community that swells noticeably each summer when visitors arrive for the nearby coastline. Wakefield is best known as a gateway to Rhode Island's popular south-shore beaches and to the University of Rhode Island, whose main campus sits in the adjacent village of Kingston. Providence, the nearest major city, lies approximately 30 miles to the north, making Wakefield an easy drive for weekend travelers escaping the urban core.

Just a few minutes south of the village center, the Rhode Island south-shore beaches draw the bulk of the region's summer tourism. Scarborough State Beach, a wide, sandy stretch in Narragansett, is a longstanding favorite for swimming, surfing, and family outings, and sits only about a 10-minute drive from Wakefield. Together with nearby Narragansett Town Beach and the smaller state beaches lining the coast toward Point Judith, this stretch of shoreline forms the backbone of the local tourism economy.

For outdoor recreation beyond the ocean, Trustom Pond National Wildlife Refuge lies just a short drive east of Wakefield and offers over 800 acres of salt marsh, freshwater ponds, and wooded trails. The refuge is well known for birdwatching, with ospreys, migrating waterfowl, and other species drawing visitors in every season. A network of easy walking paths and a small visitor area make it a low-key complement to the busier beach scene.

Ferry service to Block Island departs from Point Judith, about a 15-minute drive south of Wakefield, making day trips to the island one of the more popular excursions for visitors who base themselves in the village. Closer in, the University of Rhode Island campus in neighboring Kingston brings cultural and sporting events year-round, and the small fishing port of Galilee offers a glimpse of the state's commercial seafood industry with its working boats and fresh-off-the-boat markets.

Wakefield makes a compelling base for short-term rentals because it combines the convenience of a walkable, amenity-rich village with quick access to some of southern New England's most popular beaches, wildlife refuges, and island ferries. Its proximity to Providence, the University of Rhode Island, and the broader Narragansett coastline gives it year-round appeal, while the summer surge of beachgoers provides a strong seasonal demand spike that property owners can plan around.

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