Little Compton, RI—02837
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Little Compton, RI
As of Oct '25, the median home price in Little Compton, RI is $927,000, with a year-over-year change of -1.1%. This indicates that home prices in Little Compton, RI are decreasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $927,000 | -1.1% |
| Single Family | $944,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $704,000 | -1.8% |
3 Bed | $937,000 | -1.1% |
4 Bed | $1,258,000 | 0.6% |
| 5 Bed | $2,666,000 | 5.0% |
% of Housing Stock
Rental Trends — Little Compton, RI
As of July '25, Rentcast reports the average rent in Little Compton, RI is $3,230, with a year-over-year rent change of -15.0%. Per bedroom, the median rent as of July '25 in Little Compton, RI is 2-bedrooms: $2,700, 3-bedrooms: $3,500. The most common rental property sizes in Little Compton, RI are 2-bedroom and 3-bedroom, accounting for 42.8% and 42.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,700 | $2,700 |
| 3 Bed Rent | $2,000 | $3,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Little Compton, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Little Compton, RI is 86. This is a increase of 5.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,600,000 | 24.0% |
Listing Count | 19 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 86 | 5.0% |
Demographics — Little Compton, RI
As of the latest ACS Survey released in 2023, Little Compton, RI has a population of 3,600, which has increased by 2.7% over the past 5 years. Little Compton, RI is a less popular place for families, as children make up 13.2% of the population. The area has a highly educated workforce, with 61.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,600 | 2.7% |
% Under 18 | 13.2% | -9.0% |
% Seniors | 37.2% | 18.1% |
% WFH | 15.7% | 7.5% |
% w/ College Degree | 61.8% | 19.1% |
As of the latest ACS Survey released in 2023, Little Compton, RI is a predominantly white area, with 97.9% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Little Compton, RI is asian, making up 0.6% of the population. Foreign-born residents account for 3.2% of the population in Little Compton, RI, and this percentage has decreased by 37.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.9% | 3.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 3.2% | -37.3% |
Mortgage and Risk — Little Compton, RI
According to HUD data as of 2023, there were 72 mortgage originations in Little Compton, RI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Little Compton, RI. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Little Compton, RI
Little Compton, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,980 |
| 2 Bedroom | -$280 | $2,700 | $2,420 |
| 3 Bedroom | $920 | $2,000 | $2,920 |
| 4 Bedroom | N/A | N/A | $3,540 |
Affordability — Little Compton, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $927,000 |
| Median Household Income | $130,000 |