Exeter, RI—02822
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Exeter, RI
As of Oct '25, the median home price in Exeter, RI is $605,000, with a year-over-year change of 8.6%. This indicates that home prices in Exeter, RI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $605,000 | 8.6% |
| Single Family | $603,000 | 8.5% |
| Condos | $626,000 | 9.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $502,000 | 8.4% |
3 Bed | $606,000 | 8.8% |
4 Bed | $796,000 | 9.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Exeter, RI
As of July '25, Rentcast reports the average rent in Exeter, RI is $4,350, with a year-over-year rent change of 148.6%. Per bedroom, the median rent as of July '25 in Exeter, RI is 1-bedrooms: $3,500, 3-bedrooms: $5,200. The most common rental property sizes in Exeter, RI are 1-bedroom and 3-bedroom, accounting for 63.2% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $4,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,500 | $3,500 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $5,200 | $5,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Exeter, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Exeter, RI is 46. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $612,000 | 12.0% |
Listing Count | 16 | -19.0% |
| Listings as % of Homes | 0.4% | -19.0% |
Days on Market | 46 | -15.0% |
Demographics — Exeter, RI
As of the latest ACS Survey released in 2023, Exeter, RI has a population of 6,140, which has decreased by -6.7% over the past 5 years. Exeter, RI is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,140 | -6.7% |
% Under 18 | 17.6% | 3.5% |
% Seniors | 18.0% | 25.0% |
% WFH | 11.4% | 1.8% |
% w/ College Degree | 42.4% | -8.2% |
As of the latest ACS Survey released in 2023, Exeter, RI is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Exeter, RI is hispanic, making up 5.9% of the population. Foreign-born residents account for 4.6% of the population in Exeter, RI, and this percentage has increased by 64.3% 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 | 85.4% | -8.8% |
% Black | 2.8% | 460.0% |
% Hispanic | 5.9% | 391.7% |
% Asian | 0.7% | -22.2% |
% Foreign Born | 4.6% | 64.3% |
Mortgage and Risk — Exeter, RI
According to HUD data as of 2023, there were 119 mortgage originations in Exeter, RI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Exeter, RI. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Exeter, RI
Exeter, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 35 |
Total Units Section 8 | 35 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,820 | $3,500 | $1,680 |
| 2 Bedroom | N/A | N/A | $2,060 |
| 3 Bedroom | -$2,700 | $5,200 | $2,500 |
| 4 Bedroom | N/A | N/A | $3,020 |
Affordability — Exeter, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $605,000 |
| Median Household Income | $87,200 |