Why Live in Lippitt Estates
Lippitt Estates offers the suburban convenience of living in northern Rhode Island close to the Massachusetts border. “The main drive for Cumberland is the suburban town feel and the convenience. It’s a pretty close-knit community and we’re pretty centralized, so it’s super convenient to get to the highway, with all the amenities around it,” says Steven Jacques, a Cumberland local and Coldwell Banker Realtor with nearly a decade of experience. The town also has well-regarded schools and lower taxes compared to other parts of the state. “This area is really desirable, too, because it’s rural, but the homes have been getting upgraded, and new homes are being developed,” Jacques says. The neighborhood is an eclectic mix of Colonial Revivals, classic New England farmhouses, Cape Cods, split-levels and raised ranch-style homes. Most sit on lots of at least a quarter-acre. Prices range between about $390,000 and $700,000, though large homes with several acres of land around them can sell for over $1 million. Trees grow so thick on both sides of the narrow, winding streets that their canopies often meet over the road. “There are a lot of cliffs and ridges in this part of Cumberland, so
Frequently Asked Questions
Is Lippitt Estates a good place to live?
Lippitt Estates is a good place to live. Lippitt Estates is considered very car-dependent and somewhat bikeable. Lippitt Estates is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. It has a median age of 41. The average household income is $162,646 which is above the national average. College graduates make up 42.1% of residents. A majority of residents in Lippitt Estates are home owners, with 11.8% of residents renting and 88.2% of residents owning their home. A
local real estate agent serving Lippitt Estates can help you decide if this neighborhood is the right one for you. Learn more on our
Lippitt Estates neighborhood guide.
Is Lippitt Estates, RI a safe neighborhood?
Lippitt Estates, RI is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Lippitt Estates?
The median home price in Lippitt Estates is $700,000. If you put a 20% down payment of $140,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,630 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $156K a year to afford the median home price in Lippitt Estates. The average household income in Lippitt Estates is $163K.
What are the best public schools in Lippitt Estates?
The best public schools that serve Lippitt Estates are:
What are the most popular zip codes in Lippitt Estates, Cumberland, RI?
What are the most popular neighborhoods near Lippitt Estates, Cumberland, RI?
Home Trends in Lippitt Estates, RI
On average, homes in Lippitt Estates, Cumberland sell after 4 days on the market compared to the national average of 70 days. The median sale price for homes in Lippitt Estates, Cumberland over the last 12 months is $710,000, up 184% from the median home sale price over the previous 12 months.
Median Sale Price
$710,000
Median Single Family Sale Price
$710,000
Median 2 Bedroom Sale Price
$435,000
Average Price Per Sq Ft
$262
Number of Homes for Sale
0
Last 12 months Home Sales
6
Median List Price
$700,000
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
184%