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These days, finding an affordable place to live in the 02874 area can be challenging. Home prices in 02874 are now at a median cost of $675,490, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,922/mo in 02874, primarily driven by the current value of real estate in the 02874 area. In 02874, 10.63% of households rent, and 42.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 02874 is $12,364 per month. Households that rent pay about 15.54% of their income on rent here. 02874’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 02877, RI: less expensive homes
- 02881, RI: less expensive homes
- 02835, RI: higher priced homes
- 02852, RI: less expensive homes
- 02882, RI: higher priced homes
- 02879, RI: less expensive homes
- 02892, RI: less expensive homes
- 02822, RI: less expensive homes
- 02841, RI: less expensive homes
- 02840, RI: higher priced homes
Zip Codes with Similar Populations
- 98331, WA: less expensive homes
- 92356, CA: less expensive homes
- 48808, MI: less expensive homes
- 06403, CT: less expensive homes
- 08551, NJ: equally priced homes
- 13108, NY: less expensive homes
- 74352, OK: less expensive homes
- 25570, WV: less expensive homes
- 78583, TX: less expensive homes
- 28782, NC: less expensive homes
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