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, RI

ZIP 02807 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02807

Median Home Value
$936,200
Median Rent
$1,047
Affordability Snapshot
$258,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,014/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

12.9x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

74.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02807 in RI, a household would need roughly $258,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $6,014. That is about 256% above the local median household income ($72,450), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 80% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.8%+10% vs US avg
x
Vacancy Rate
79.8%+675% vs US avg
x
Broadband Access
87.0%+0% vs US avg
x
4+ Bedrooms
7.4%-50% vs US avg
x
Built Pre-1939
4.3%-67% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
7.2%-85% vs US avg
x
Mortgage-Free
64.5%+69% vs US avg
x
$936,200
Home Value
$1,047
Rent
1978
Year Built
2005
Moved In

Residents have lived here since ~2005 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached90.4%
  • 1-unit attached0.5%
  • 2-9 units6.0%
  • 10+ units3.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$936,200
Median rent$1,047
Owner-occupied71.8%
Vacant79.8%
Price-to-income12.9x
Est. income to buy$258,000