A lot of people are convinced that the economy is the most critical factor affecting real estate appreciation. It goes without saying that interest rates, employment, job growth, government programs and several other national determinants have a measurable impact on your house's value. But the most significant issues that figure your property's value are specific to the local North Kingstown economy and housing market.

Location in a community - Many home buyers decide to live in areas with the most conducive traits for homes to do well, like a close proximity to jobs and schools. So when it comes to retaining their value, these communities generally appreciate the best.

Recent sales - Your REALTOR^® should provide you with figures on the recent real estate sales in the neighborhoods that you're asking about. You'll want to know average time on market, selling versus listing price and more.

Appreciation history - Have home prices risen or declined over the last 5-10 years? Is the neighborhood believed to be desirable because of its location or affordability?

Economic factors - Have companies moved into or away from an area? Are local companies hiring? Is there a fair mixture of job types in an area, or does it rely upon just one industry? These items play a role.