Median home value is about $363,900 — about 5% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,065 (about 8% below the U.S. median rent ($1,163)), and owner-occupancy near 60.9% (about 4.5 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 02885 in RI, a household would need roughly $100,000 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 $2,338. That is roughly in line with the local median household income ($89,722). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.