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Affordable
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These days, finding an affordable place to live in the 02916 area can be challenging. Home prices in 02916 are now at a median cost of $405,199, lower than the Rhode Island average of $438,271.
The average cost of rent is $1,226/mo in 02916, primarily driven by the current value of real estate in the 02916 area. In 02916, 32.11% of households rent, and 33.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 02916 is $7,751 per month. Households that rent pay about 15.82% of their income on rent here. 02916’s most expensive areas are in the central 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
- 02771, MA: higher priced homes
- 02914, RI: less expensive homes
- 02906, RI: higher priced homes
- 02912, RI: higher priced homes
- 02861, RI: less expensive homes
- 02860, RI: less expensive homes
- 02903, RI: higher priced homes
- 02863, RI: less expensive homes
- 02908, RI: equally priced homes
- 02904, RI: less expensive homes
Zip Codes with Similar Populations
- 18229, PA: less expensive homes
- 53925, WI: less expensive homes
- 36083, AL: less expensive homes
- 77964, TX: less expensive homes
- 76424, TX: less expensive homes
- 72927, AR: less expensive homes
- 26525, WV: less expensive homes
- 70392, LA: less expensive homes
- 66053, KS: less expensive homes
- 65608, MO: less expensive homes
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