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ZIP 02862 — Housing & Real Estate

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

Low Income Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02862

Median Home Value
$212,800
Median Rent
$369
Affordability Snapshot
$59,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,367/mo PITI).

27%
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.

48.1 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 02862, a household would need roughly $59,000 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 $1,367. That is about 259% above the local median household income ($16,448), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
15.9%-76% vs US avg
x
Vacancy Rate
6.8%-34% vs US avg
x
Broadband Access
75.6%-13% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
2.1%-83% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
13.6%-73% vs US avg
x
Mortgage-Free
18.4%-52% vs US avg
x
$212,800
Home Value
$369
Rent
1968
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached2.5%
  • 1-unit attached5.4%
  • 2-9 units19.8%
  • 10+ units72.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$212,800
Median rent$369
Owner-occupied15.9%
Vacant6.8%
Price-to-income12.9x
Est. income to buy$59,000