By Jeff Adolph
State-by-state
Situated in the New England region of the U.S.A, this state is ranked as the 50th largest by area and the 43rd by population with 1,048,319 people residing in this region.
This states economy relies heavily on health services, tourism and industry manufacturing, along with agricultural outputs such as nursery stock, vegetables, eggs and dairy products.
Income in this state ranges between 3.75-9.9%, with sales tax set at 7%. Property tax in this state is assessed locally, at 50-100% of the property's full value depending on where the home is situated to. For more information on these rates please visit http://www.riedc.com/data-and-publications/municipal-tax-rates
Providence
There are approximately &)% homes for sale in this region with a median price of $179,929. However, the areas median hovers around the $217,000 mark. price changes in the area are down by 12.7% compared to this time last year and it is anticipated that late 2008 will be the time that the market in this region turns and begins to increase.
Median rental prices are around $405 with owner occupied homes taking up 48% of the market, and rental units 52%. Only 8% of rental units are vacant at present.
LGBT Real Estate Facts: There are approximately 2,471 same-sex couples residing in Rhode Island making this region the 42nd gayest state in America. The gayest zip codes in this locality are 02906 East Side - Providence; 02860 Pawtucket; 02909 Olneyville - Providence; 02908 North Providence; 02905 Edgewood - Providence and 02895 Woonsocket. -- gaydemographics.com
Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com
Picture Source: wikipedia.org
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