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Affordable
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These days, finding an affordable place to live in the 02861 area can be challenging. Home prices in 02861 are now at a median cost of $320,355, lower than the Rhode Island average of $438,271.
The average cost of rent is $1,267/mo in 02861, primarily driven by the current value of real estate in the 02861 area. In 02861, 33.50% of households rent, and 30.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 02861 is $7,133 per month. Households that rent pay about 17.77% of their income on rent here. 02861’s most expensive areas are in the northern regions, while the cheapest areas are in the southern 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
- 02860, RI: equally priced homes
- 02863, RI: higher priced homes
- 02916, RI: higher priced homes
- 02771, MA: higher priced homes
- 02906, RI: higher priced homes
- 02703, MA: higher priced homes
- 02904, RI: equally priced homes
- 02865, RI: higher priced homes
- 02912, RI: higher priced homes
- 02914, RI: higher priced homes
Zip Codes with Similar Populations
- 97703, OR: higher priced homes
- 74006, OK: less expensive homes
- 85747, AZ: higher priced homes
- 76018, TX: less expensive homes
- 73533, OK: less expensive homes
- 72019, AR: less expensive homes
- 48317, MI: less expensive homes
- 94132, CA: higher priced homes
- 96753, HI: higher priced homes
- 22401, VA: higher priced homes
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