Burrillville, RI—02830
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burrillville, RI
As of Oct '25, the median home price in Burrillville, RI is $464,000, with a year-over-year change of 1.3%. This indicates that home prices in Burrillville, RI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $464,000 | 1.3% |
| Single Family | $481,000 | 1.1% |
| Condos | $294,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $366,000 | 1.1% |
3 Bed | $491,000 | 1.2% |
4 Bed | $554,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burrillville, RI
As of July '25, Rentcast reports the average rent in Burrillville, RI is $2,300, with a year-over-year rent change of 13.9%. Per bedroom, the median rent as of July '25 in Burrillville, RI is 2-bedrooms: $2,300. The most common rental property sizes in Burrillville, RI are 3-bedroom and 2-bedroom, accounting for 38.0% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,300 | $2,300 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burrillville, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Burrillville, RI is 37. This is a increase of 38.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $469,000 | 17.0% |
Listing Count | 12 | -22.0% |
| Listings as % of Homes | 0.4% | -22.0% |
Days on Market | 37 | 38.0% |
Demographics — Burrillville, RI
As of the latest ACS Survey released in 2023, Burrillville, RI has a population of 6,940, which has increased by 16.9% over the past 5 years. Burrillville, RI is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,940 | 16.9% |
% Under 18 | 20.6% | -10.0% |
% Seniors | 19.2% | 36.2% |
% WFH | 11.6% | 132.0% |
% w/ College Degree | 29.3% | -14.8% |
As of the latest ACS Survey released in 2023, Burrillville, RI is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Burrillville, RI is asian, making up 3.4% of the population. Foreign-born residents account for 5.3% of the population in Burrillville, RI, and this percentage has increased by 341.7% 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 | 92.6% | -3.9% |
% Black | 0.5% | ∞% |
% Hispanic | 1.6% | 300.0% |
% Asian | 3.4% | 78.9% |
% Foreign Born | 5.3% | 341.7% |
Mortgage and Risk — Burrillville, RI
According to HUD data as of 2023, there were 167 mortgage originations in Burrillville, RI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Burrillville, RI. Investor activity is low, as 1.0% 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 | 167 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Burrillville, RI
Burrillville, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 164 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 93.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,260 |
| 2 Bedroom | -$770 | $2,300 | $1,530 |
| 3 Bedroom | N/A | N/A | $1,850 |
| 4 Bedroom | N/A | N/A | $2,290 |
Affordability — Burrillville, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $464,000 |
| Median Household Income | $122,000 |