02886 Zip Code First-Time Homebuyer Report for October

The population of the 02886 zip code is growing slower than the rest of Rhode Island, at a 10-year growth rate of -5.3%. However, it's already the ninth-most populous zip code in the state, with 28,947 residents. Homes in the 02886 zip code are older than most with a median age of 43 years. The best school in the zip code is Cedar Hill School.

Price Range

The 02886 zip code has some of the more affordable homes in the state with a median home value of $160,000 and a current average list price of $232,384. A six-week rough patch for the overall sales trend continues in the 02886 zip code market. On a positive note, the number of sales actually rose 9.4% over the last 30 days to 35.

Make sure you take a look at these eye-catching homes in the 02886 zip code that generated the most views from potential buyers:

$270K   $250K   $114K  

Typical Dwelling

A three-bedroom detached home valued around $244,266 is considered a typical dwelling in the 02886 zip code. If a buyer was looking for a similar home, they would need good credit and a $48,853 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,256 and the property tax rate is $21.56 per $1,000 of taxable assessed value.

Get started right now by checking out 02886 homes for sale or reviewing 02886 real estate trends.


Data reported through 10/13/2016

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