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Affordable
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These days, finding an affordable place to live in the 02894 area can be challenging. Home prices in 02894 are now at a median cost of $402,169, lower than the Rhode Island average of $438,271.
The average cost of rent is $1,582/mo in 02894, primarily driven by the current value of real estate in the 02894 area. In 02894, 7.79% of households rent, and 25.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 02894 is $11,981 per month. Households that rent pay about 13.20% of their income on rent here. 02894’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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
- 02812, RI: higher priced homes
- 02808, RI: equally priced homes
- 02875, RI: higher priced homes
- 02813, RI: higher priced homes
- 02804, RI: less expensive homes
- 02833, RI: equally priced homes
- 02832, RI: equally priced homes
- 02836, RI: higher priced homes
- 02898, RI: equally priced homes
- 02873, RI: equally priced homes
Zip Codes with Similar Populations
- 79852, TX: less expensive homes
- 82327, WY: less expensive homes
- 04760, ME: less expensive homes
- 67118, KS: less expensive homes
- 63014, MO: less expensive homes
- 68843, NE: less expensive homes
- 51646, IA: less expensive homes
- 57626, SD: less expensive homes
- 79039, TX: less expensive homes
- 13813, NY: less expensive homes
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