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Affordable
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These days, finding an affordable place to live in the 02905 area can be challenging. Home prices in 02905 are now at a median cost of $368,102, lower than the Rhode Island average of $438,271.
The average cost of rent is $1,341/mo in 02905, primarily driven by the current value of real estate in the 02905 area. In 02905, 48.05% of households rent, and 30.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 02905 is $6,413 per month. Households that rent pay about 20.91% of their income on rent here. 02905’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
- 02907, RI: equally priced homes
- 02910, RI: less expensive homes
- 02903, RI: higher priced homes
- 02912, RI: higher priced homes
- 02914, RI: equally priced homes
- 02888, RI: equally priced homes
- 02915, RI: equally priced homes
- 02909, RI: less expensive homes
- 02920, RI: equally priced homes
- 02906, RI: higher priced homes
Zip Codes with Similar Populations
- 02050, MA: higher priced homes
- 77545, TX: less expensive homes
- 93960, CA: higher priced homes
- 12533, NY: higher priced homes
- 40403, KY: less expensive homes
- 35640, AL: less expensive homes
- 75033, TX: higher priced homes
- 33712, FL: less expensive homes
- 29527, SC: less expensive homes
- 28658, NC: less expensive homes
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