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Affordable
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These days, finding an affordable place to live in the 02842 area can be challenging. Home prices in 02842 are now at a median cost of $593,792, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,993/mo in 02842, primarily driven by the current value of real estate in the 02842 area. In 02842, 41.94% of households rent, and 43.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 02842 is $9,049 per month. Households that rent pay about 22.02% of their income on rent here. 02842’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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: equally priced homes
- 02840, RI: higher priced homes
- 02835, RI: higher priced homes
- 02871, RI: equally priced homes
- 02872, RI: equally priced homes
- 02837, RI: higher priced homes
- 02874, RI: higher priced homes
- 02878, RI: less expensive homes
- 02852, RI: less expensive homes
- 02882, RI: higher priced homes
Zip Codes with Similar Populations
- 49431, MI: less expensive homes
- 44022, OH: less expensive homes
- 11738, NY: less expensive homes
- 75670, TX: less expensive homes
- 39553, MS: less expensive homes
- 46011, IN: less expensive homes
- 22553, VA: less expensive homes
- 55438, MN: less expensive homes
- 24210, VA: less expensive homes
- 48033, MI: less expensive homes
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