East Greenwich, RI—02818
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Greenwich, RI
As of Oct '25, the median home price in East Greenwich, RI is $706,000, with a year-over-year change of 6.2%. This indicates that home prices in East Greenwich, RI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $706,000 | 6.2% |
| Single Family | $758,000 | 6.5% |
| Condos | $494,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $310,000 | 4.0% |
2 Bed | $496,000 | 6.7% |
3 Bed | $618,000 | 6.4% |
4 Bed | $935,000 | 6.6% |
| 5 Bed | $1,129,000 | 7.0% |
% of Housing Stock
Rental Trends — East Greenwich, RI
As of July '25, Rentcast reports the average rent in East Greenwich, RI is $3,360, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in East Greenwich, RI is studios: $2,050, 1-bedrooms: $1,750, 2-bedrooms: $2,810, 3-bedrooms: $3,800, 4-bedrooms: $4,950. The most common rental property sizes in East Greenwich, RI are 1-bedroom and 2-bedroom, accounting for 49.6% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,360 |
| Studio Rent | $1,900 | $2,050 |
| 1 Bed Rent | $1,750 | $1,750 |
| 2 Bed Rent | $2,800 | $2,810 |
| 3 Bed Rent | $3,500 | $3,800 |
| 4 Bed Rent | $4,900 | $4,950 |
% of Rental Stock
Property Listings — East Greenwich, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in East Greenwich, RI is 44. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $725,000 | -15.0% |
Listing Count | 108 | 9.0% |
| Listings as % of Homes | 0.7% | 9.0% |
Days on Market | 44 | 23.0% |
Demographics — East Greenwich, RI
As of the latest ACS Survey released in 2023, East Greenwich, RI has a population of 19,900, which has increased by 9.2% over the past 5 years. East Greenwich, RI is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 63.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,900 | 9.2% |
% Under 18 | 23.2% | 2.2% |
% Seniors | 21.1% | 3.9% |
% WFH | 18.7% | 240.0% |
% w/ College Degree | 63.4% | 11.2% |
As of the latest ACS Survey released in 2023, East Greenwich, RI is a predominantly white area, with 83.9% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in East Greenwich, RI is asian, making up 8.5% of the population. Foreign-born residents account for 11.8% of the population in East Greenwich, RI, and this percentage has increased by 68.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.9% | -5.5% |
% Black | 1.1% | -21.4% |
% Hispanic | 3.8% | 40.7% |
% Asian | 8.5% | 136.1% |
% Foreign Born | 11.8% | 68.6% |
Mortgage and Risk — East Greenwich, RI
According to HUD data as of 2023, there were 405 mortgage originations in East Greenwich, RI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in East Greenwich, RI. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 405 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — East Greenwich, RI
As of 2024, the percent of homes in East Greenwich, RI under the Section 8 program is 25.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In East Greenwich, RI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 517 |
Total Units Section 8 | 489 |
% Rentals under Section 8 | 25.6% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,750 | $1,650 |
| 2 Bedroom | -$780 | $2,800 | $2,020 |
| 3 Bedroom | -$1,070 | $3,500 | $2,430 |
| 4 Bedroom | -$1,950 | $4,900 | $2,950 |
Affordability — East Greenwich, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $706,000 |
| Median Household Income | $121,000 |