Scituate, RI—02857
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scituate, RI
As of Oct '25, the median home price in Scituate, RI is $529,000, with a year-over-year change of 1.1%. This indicates that home prices in Scituate, 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 | $529,000 | 1.2% |
| Single Family | $532,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $427,000 | 0.7% |
3 Bed | $535,000 | 0.8% |
4 Bed | $622,000 | 1.5% |
| 5 Bed | $655,000 | 0.9% |
% of Housing Stock
Rental Trends — Scituate, RI
As of July '25, Rentcast reports the average rent in Scituate, RI is $2,120, with a year-over-year rent change of 22.5%. Per bedroom, the median rent as of July '25 in Scituate, RI is 1-bedrooms: $1,500, 2-bedrooms: $2,000, 3-bedrooms: $3,000. The most common rental property sizes in Scituate, RI are 2-bedroom and 1-bedroom, accounting for 56.6% and 16.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Scituate, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Scituate, RI is 50. This is a increase of 40.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $662,000 | 11.0% |
Listing Count | 30 | 11.0% |
| Listings as % of Homes | 1.0% | 11.0% |
Days on Market | 50 | 40.0% |
Demographics — Scituate, RI
As of the latest ACS Survey released in 2023, Scituate, RI has a population of 8,100, which has decreased by -7.3% over the past 5 years. Scituate, RI is a moderately popular place for families, as children make up 15.1% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,100 | -7.3% |
% Under 18 | 15.1% | -6.2% |
% Seniors | 26.3% | 30.2% |
% WFH | 11.7% | 185.4% |
% w/ College Degree | 37.7% | -10.0% |
As of the latest ACS Survey released in 2023, Scituate, RI is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Scituate, RI is hispanic, making up 2.1% of the population. Foreign-born residents account for 3.9% of the population in Scituate, RI, and this percentage has increased by 39.3% 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 | 90.8% | -5.0% |
% Black | 0.1% | -80.0% |
% Hispanic | 2.1% | 31.2% |
% Asian | 1.8% | 157.1% |
% Foreign Born | 3.9% | 39.3% |
Mortgage and Risk — Scituate, RI
According to HUD data as of 2023, there were 137 mortgage originations in Scituate, RI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Scituate, RI. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Scituate, RI
Scituate, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,500 | $1,540 |
| 2 Bedroom | -$110 | $2,000 | $1,890 |
| 3 Bedroom | -$720 | $3,000 | $2,280 |
| 4 Bedroom | N/A | N/A | $2,760 |
Affordability — Scituate, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $529,000 |
| Median Household Income | $109,000 |