US5.com
  1. Home
  2. States
  3. Rhode Island
  4. ZIP 02879
  5. Housing & Real Estate
Wakefield-Peace Dale CDP, RI

ZIP 02879 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02879

Median Home Value
$515,800
Median Rent
$1,143
Affordability Snapshot
$142,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,313/mo PITI).

12%
Rent-to-Income Ratio

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

4.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

37.6 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 02879 in Wakefield-Peace Dale CDP, RI, a household would need roughly $142,000 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 $3,313. That is about 23% above the local median household income ($115,848), 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 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.0%+21% vs US avg
x
Vacancy Rate
20.6%+100% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
4.5%-64% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
22.6%-55% vs US avg
x
Mortgage-Free
35.5%-7% vs US avg
x
$515,800
Home Value
$1,143
Rent
1977
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached79.4%
  • 1-unit attached4.1%
  • 2-9 units8.6%
  • 10+ units5.9%
  • Mobile home & other2.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$515,800
Median rent$1,143
Owner-occupied79.0%
Vacant20.6%
Price-to-income4.5x
Est. income to buy$142,000