US5.com
  1. Home
  2. States
  3. Rhode Island
  4. ZIP 02835
  5. Housing & Real Estate
, RI

ZIP 02835 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02835

Median Home Value
$752,300
Median Rent
$1,754
Affordability Snapshot
$207,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,833/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

35.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02835 in RI, a household would need roughly $207,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,833. That is about 46% above the local median household income ($141,442), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
86.7%+33% vs US avg
x
Vacancy Rate
19.3%+88% vs US avg
x
Broadband Access
98.7%+13% vs US avg
x
4+ Bedrooms
4.5%-69% vs US avg
x
Built Pre-1939
6.0%-53% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
29.0%-42% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$752,300
Home Value
$1,754
Rent
1976
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached90.6%
  • 1-unit attached0.6%
  • 2-9 units5.0%
  • 10+ units2.3%
  • Mobile home & other1.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$752,300
Median rent$1,754
Owner-occupied86.7%
Vacant19.3%
Price-to-income5.3x
Est. income to buy$207,000