US5.com
  1. Home
  2. States
  3. Rhode Island
  4. ZIP 02882
  5. Housing & Real Estate
Narragansett Pier CDP, RI

ZIP 02882 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02882

Median Home Value
$686,000
Median Rent
$1,502
Affordability Snapshot
$189,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,407/mo PITI).

19%
Rent-to-Income Ratio

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

7.2x
Home Price-to-Income Ratio

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

38.1 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 02882 in Narragansett Pier CDP, RI, a household would need roughly $189,000 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 $4,407. That is about 97% above the local median household income ($95,794), 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 38% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
69.1%+6% vs US avg
x
Vacancy Rate
37.6%+265% vs US avg
x
Broadband Access
93.0%+7% vs US avg
x
4+ Bedrooms
5.6%-62% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
2.0%-70% vs US avg
x
Rent Burden >30%
45.3%-9% vs US avg
x
Mortgage-Free
40.2%+5% vs US avg
x
$686,000
Home Value
$1,502
Rent
1974
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached82.4%
  • 1-unit attached2.7%
  • 2-9 units6.3%
  • 10+ units7.0%
  • Mobile home & other1.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$686,000
Median rent$1,502
Owner-occupied69.1%
Vacant37.6%
Price-to-income7.2x
Est. income to buy$189,000