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, RI

ZIP 02885 — 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 02885

Median Home Value
$363,900
Median Rent
$1,065
Affordability Snapshot
$100,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,338/mo PITI).

14%
Rent-to-Income Ratio

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

4.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.5 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 02885 in RI, a household would need roughly $100,000 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 $2,338. That is roughly in line with the local median household income ($89,722). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
60.9%-7% vs US avg
x
Vacancy Rate
10.5%+2% vs US avg
x
Broadband Access
87.2%+0% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
4.2%-67% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
24.6%-51% vs US avg
x
Mortgage-Free
41.9%+10% vs US avg
x
$363,900
Home Value
$1,065
Rent
1952
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached52.1%
  • 1-unit attached4.7%
  • 2-9 units32.0%
  • 10+ units11.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$363,900
Median rent$1,065
Owner-occupied60.9%
Vacant10.5%
Price-to-income4.1x
Est. income to buy$100,000