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These days, finding an affordable place to live in the 02840 area can be challenging. Home prices in 02840 are now at a median cost of $782,685, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,796/mo in 02840, primarily driven by the current value of real estate in the 02840 area. In 02840, 49.55% of households rent, and 36.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 02840 is $8,005 per month. Households that rent pay about 22.44% of their income on rent here. 02840’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 02841, RI: less expensive homes
- 02842, RI: less expensive homes
- 02835, RI: equally priced homes
- 02871, RI: less expensive homes
- 02837, RI: equally priced homes
- 02874, RI: less expensive homes
- 02882, RI: equally priced homes
- 02852, RI: less expensive homes
- 02877, RI: less expensive homes
- 02881, RI: less expensive homes
Zip Codes with Similar Populations
- 88030, NM: less expensive homes
- 45133, OH: less expensive homes
- 33870, FL: less expensive homes
- 48134, MI: less expensive homes
- 61350, IL: less expensive homes
- 92277, CA: less expensive homes
- 08088, NJ: less expensive homes
- 33432, FL: higher priced homes
- 14618, NY: less expensive homes
- 77578, TX: less expensive homes
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