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, RI

ZIP 02837 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02837

Median Home Value
$726,200
Median Rent
$1,575
Affordability Snapshot
$200,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,665/mo PITI).

15%
Rent-to-Income Ratio

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

5.6x
Home Price-to-Income Ratio

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

38.4 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 02837 in RI, a household would need roughly $200,000 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 $4,665. That is about 54% above the local median household income ($129,750), 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 36% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
89.9%+37% vs US avg
x
Vacancy Rate
36.2%+251% vs US avg
x
Broadband Access
98.7%+13% vs US avg
x
4+ Bedrooms
5.2%-65% vs US avg
x
Built Pre-1939
12.3%-4% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
37.1%-25% vs US avg
x
Mortgage-Free
53.4%+40% vs US avg
x
$726,200
Home Value
$1,575
Rent
1968
Year Built
2004
Moved In

Residents have lived here since ~2004 on average

Housing Structure

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

  • 1-unit detached96.6%
  • 1-unit attached2.0%
  • 2-9 units0.3%
  • 10+ units0.0%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$726,200
Median rent$1,575
Owner-occupied89.9%
Vacant36.2%
Price-to-income5.6x
Est. income to buy$200,000