02894 Zip Code's October First-Time Homebuyer Report

The 02894 zip code is older than the rest of Rhode Island, with a median age of 42. It's affluent as well, with a median income of $71,443 per household. The 02894 zip code market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Heading the list of top schools in the zip code is Chariho Regional High School.

Price Range

The housing prices of the 02894 zip code are close to the state average with a median home value of $222,400 and a current average list price of $278,298.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the 02894 zip code:

$225K   $369K   $279K  

Typical Dwelling

The typical dwelling in the 02894 zip code is a three-bedroom detached home worth about $275,740. To purchase a similar home, a buyer with good credit and a $55,148 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,388 monthly payment. The property tax rate is $16.46 per $1,000 of taxable assessed value.

Get started right now by checking out 02894 homes for sale or reviewing 02894 real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Residential Properties
6 reviews

©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.