Ashaway is a charming village in the town of Hopkinton. Nestled in the southwestern part of Rhode Island near the Connecticut border, Ashaway offers a peaceful, rural atmosphere, with easy access to hubs like Westerly, Providence, and New London, Connecticut. Residents and visitors enjoy its affordability, historic character, and beaches.
Nearby Westerly, which is home to Westerly Hospital, The Washington Trust Company, and General Dynamics Electric Boat, is where most residents of Ashaway work. The region's tourism and hospitality industry, driven largely by its coastal attractions, also provides jobs and supports a strong short-term rental market.
The real estate market here features historic colonial homes, newer single-family residences, and countryside properties with ample land. The village center, as well as the surrounding rural areas, provides a variety of investment options, whether for long-term rentals, vacation homes, or family residences.