What to know about ZIP 02862
ZIP code 02862 covers ZIP 02862 with a population of about 2,937.
At a glance, the area shows median age of 49.5 versus a U.S. median of about 38.9.
It sits in the PROVIDENCE - NEW BEDFORD media market.
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ZIP Code 02862 — undefined, undefined Demographics & Data
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Low Income Area
At a glance
Population
2,937
Density
N/A
Median income
$16,448
-78% vs US avg
Home value
$212,800
-39% vs US avg
Median rent
$369
-68% vs US avg
Timezone
N/A
Overview of ZIP Code 02862
Income and economy in ZIP 02862
Median household income in ZIP 02862 is about $16,448 — about 78% below the U.S. median ($75,149).
On socioeconomic markers, US5 shows a poverty rate of 36.3%; unemployment rate near 7.4%; 9.5% of adults with a bachelor’s degree or higher (about 24.2 points below the national share (33.7%)).
Labor and commute patterns include leading industry context around Healthcare, Manufacturing, and Construction; about 1.3% of workers reporting work-from-home (about 13.9 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).
Housing and affordability in ZIP 02862
Median home value is about $212,800 — about 39% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $369 (about 68% below the U.S. median rent ($1,163)), and owner-occupancy near 15.9% (about 49.5 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 02862, a household would need roughly $59,000 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 $1,367. That is about 259% above the local median household income ($16,448), 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.