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Affordable
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These days, finding an affordable place to live in the 02863 area can be challenging. Home prices in 02863 are now at a median cost of $353,339, lower than the Rhode Island average of $438,271.
The average cost of rent is $1,193/mo in 02863, primarily driven by the current value of real estate in the 02863 area. In 02863, 74.44% of households rent, and 29.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 02863 is $4,167 per month. Households that rent pay about 28.62% of their income on rent here. 02863’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 02861, RI: less expensive homes
- 02865, RI: higher priced homes
- 02904, RI: equally priced homes
- 02906, RI: higher priced homes
- 02916, RI: higher priced homes
- 02908, RI: higher priced homes
- 02864, RI: higher priced homes
- 02912, RI: higher priced homes
- 02903, RI: higher priced homes
Zip Codes with Similar Populations
- 98199, WA: higher priced homes
- 70706, LA: less expensive homes
- 83647, ID: less expensive homes
- 79015, TX: less expensive homes
- 33572, FL: higher priced homes
- 40014, KY: higher priced homes
- 43160, OH: less expensive homes
- 48846, MI: less expensive homes
- 37862, TN: less expensive homes
- 70460, LA: less expensive homes
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