Warwick, RI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

118 / 281

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$34,675

Middle-Earners Revenue

Occupancy

69%

Middle-Earners Occupancy

Home Value

$424,669

Median Home Sale Price

Top Earners

$62,751

Top-Earners Revenue

Warwick

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Warwick.

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C

Challenging to Investors

Warwick Regulations

Warwick's STR regulations are technically permissive but burdened by strict zoning limits, an annual $250 fee, required inspections tied to occupancy/septic capacity, strong enforcement with fines up to $500/day and potential permit revocation for violations, and additional operational rules (local representative, guest records, parking). This creates meaningful compliance hurdles and risk, pushing the framework into the Challenging tier for investors.

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About Warwick

Warwick is Rhode Island's second-largest city, situated in Kent County along the western shore of Narragansett Bay. With a population of approximately 83,000 residents, it carries a distinctly coastal New England character, blending suburban neighborhoods with working waterfront areas, salt marshes, and public beaches. The city is perhaps best known as the home of T.F. Green Airport, Rhode Island's primary commercial airport, which makes it a natural gateway for visitors arriving in the Ocean State. Warwick sits about 12 miles south of Providence and roughly an hour's drive from Boston, placing it within easy reach of two major metropolitan areas while retaining its own small-city identity.

One of Warwick's signature outdoor destinations is Goddard Memorial State Park, a roughly 490-acre park that offers picnic areas, horseback riding trails, an 18-hole golf course, and seasonal events including the well-known summer Festival of Lights. It lies within the city, just a few minutes' drive from most neighborhoods. The park's broad lawns and saltwater fishing access along the bay make it a favorite for both locals and travelers seeking a relaxed day outdoors. More information can be found on the Rhode Island Department of Environmental Management page for Goddard Memorial State Park.

For waterfront scenery, Conimicut Point Park offers unobstructed views of Narragansett Bay and the Conimicut Lighthouse, a small but picturesque historic beacon accessible only by boat. Located in the northern part of the city along the bay shoreline, it is a popular spot for kite flying, sunset watching, and casual picnics, and it draws visitors who want a quieter alternative to Rhode Island's busier ocean beaches. Further south, Oakland Beach provides a small but charming bayfront neighborhood with a sandy shoreline, summer food stands, and a fishing area that reflects Warwick's longstanding maritime heritage.

Just down the coast, Rocky Point Park preserves a slice of Rhode Island nostalgia. Once home to a beloved amusement park of the same name that closed in 1995, the redeveloped state property now features walking paths, a rocky shoreline, a newly constructed pedestrian bridge, and interpretive areas that look back on the site's history as one of New England's most iconic seaside amusement destinations. It is a quick drive from central Warwick and offers an easy stop for travelers interested in local history.

Warwick's appeal as a short-term rental market rests on its combination of accessibility and variety. The presence of the airport, its central position between Providence and the southern Rhode Island beaches, and its mix of parks, waterfront access, and suburban comfort make it a practical base for visitors who want to explore the broader region without the higher nightly rates of Providence or the seasonal congestion of the coastal beach towns. For travelers, families, and business visitors alike, the city offers a quiet, well-located alternative with a strong sense of place.

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