02816 Zip Code's October First-Time Homebuyer Report

The population of the 02816 zip code is growing faster than the rest of Rhode Island, at a 10-year growth rate of 3.3%. However, it's already the seventh-most populous zip code in the state, with 32,592 residents. With a median age of 39 years, homes in the 02816 zip code tend to be relatively old. The top school in the zip code is Tiogue School.

Culture

If you are interested in some outdoor fun, Foursquare says that Johnson's Pond and Johnsons Pond are the most popular places in 02816. If you like to dine out, a popular restaurant is Coventry Mens Club.

Price Range

The median value of homes in the 02816 zip code is $160,000, making it one of the lower priced areas in Rhode Island. At the same time, the average list price of available homes is presently $237,450. The 02816 zip code market made gains this week as sales climbed 13.5% to hit 59 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in the 02816 zip code that generated the most views from potential buyers:

$165K   $259K   $109K  

Typical Dwelling

The typical dwelling in the 02816 zip code is a three-bedroom detached home worth about $249,137. To purchase a similar home, a buyer with good credit and a $49,827 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,165 monthly payment. The property tax rate is $21.56 per $1,000 of taxable assessed value.

Get started right now by checking out 02816 homes for sale or reviewing 02816 real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Residential Properties
1 review
Rhode Island Residential
Snapped 32 homes in this area
RE/MAX American dream
Snapped 2 homes in this area

Agents that specialize in this area
1 snap in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.