North Kingstown, RI—02852
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in North Kingstown, RI
Home Price Trends — North Kingstown, RI
As of Oct '25, the median home price in North Kingstown, RI is $599,000, with a year-over-year change of 4.1%. This indicates that home prices in North Kingstown, RI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $599,000 | 4.1% |
| Single Family | $610,000 | 3.7% |
| Condos | $508,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $345,000 | 3.0% |
2 Bed | $490,000 | 5.2% |
3 Bed | $580,000 | 3.9% |
4 Bed | $817,000 | 3.2% |
| 5 Bed | $935,000 | 3.5% |
% of Housing Stock
Rental Trends — North Kingstown, RI
As of July '25, Rentcast reports the average rent in North Kingstown, RI is $2,960, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in North Kingstown, RI is 1-bedrooms: $1,580, 2-bedrooms: $2,580, 3-bedrooms: $3,570, 4-bedrooms: $3,300. The most common rental property sizes in North Kingstown, RI are 2-bedroom and 1-bedroom, accounting for 50.8% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $1,580 |
| 2 Bed Rent | $2,600 | $2,580 |
| 3 Bed Rent | $3,500 | $3,570 |
| 4 Bed Rent | $3,300 | $3,300 |
% of Rental Stock
Property Listings — North Kingstown, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in North Kingstown, RI is 34. This is a increase of 3.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $690,000 | -4.0% |
Listing Count | 71 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 34 | 3.0% |
Demographics — North Kingstown, RI
As of the latest ACS Survey released in 2023, North Kingstown, RI has a population of 23,300, which has increased by 5.6% over the past 5 years. North Kingstown, RI is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 49.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | 5.6% |
% Under 18 | 17.0% | -17.1% |
% Seniors | 22.7% | 9.7% |
% WFH | 13.9% | 172.5% |
% w/ College Degree | 49.3% | 3.6% |
As of the latest ACS Survey released in 2023, North Kingstown, RI is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in North Kingstown, RI is asian, making up 3.3% of the population. Foreign-born residents account for 6.2% of the population in North Kingstown, RI, and this percentage has increased by 40.9% 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 | 88.8% | -2.2% |
% Black | 0.9% | 50.0% |
% Hispanic | 3.2% | 10.3% |
% Asian | 3.3% | 83.3% |
% Foreign Born | 6.2% | 40.9% |
Mortgage and Risk — North Kingstown, RI
According to HUD data as of 2023, there were 438 mortgage originations in North Kingstown, RI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in North Kingstown, RI. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 438 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — North Kingstown, RI
As of 2024, the percent of homes in North Kingstown, RI under the Section 8 program is 28.4%. 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 North Kingstown, 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 | 862 |
Total Units Section 8 | 816 |
% Rentals under Section 8 | 28.4% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,580 | $1,380 |
| 2 Bedroom | -$910 | $2,600 | $1,690 |
| 3 Bedroom | -$1,460 | $3,500 | $2,040 |
| 4 Bedroom | -$810 | $3,300 | $2,490 |
Affordability — North Kingstown, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $599,000 |
| Median Household Income | $112,000 |