Burrillville, RI—02859
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 $444,000, with a year-over-year change of 2.1%. This indicates that home prices in Burrillville, RI are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $444,000 | 2.1% |
| Single Family | $450,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $256,000 | -2.3% |
2 Bed | $388,000 | 1.0% |
3 Bed | $464,000 | 2.2% |
4 Bed | $504,000 | 3.3% |
| 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 $1,600, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Burrillville, RI is 2-bedrooms: $1,600. The most common rental property sizes in Burrillville, RI are 1-bedroom and 2-bedroom, accounting for 33.4% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,600 |
| 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 71. This is a increase of 89.0% 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 | $535,000 | 6.0% |
Listing Count | 24 | 59.0% |
| Listings as % of Homes | 0.7% | 59.0% |
Days on Market | 71 | 89.0% |
Demographics — Burrillville, RI
As of the latest ACS Survey released in 2023, Burrillville, RI has a population of 6,800, which has decreased by -5.9% over the past 5 years. Burrillville, RI is a moderately popular place for families, as children make up 17.1% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,800 | -5.9% |
% Under 18 | 17.1% | -19.3% |
% Seniors | 18.5% | 35.0% |
% WFH | 8.3% | 159.4% |
% w/ College Degree | 23.1% | -12.5% |
As of the latest ACS Survey released in 2023, Burrillville, RI is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Burrillville, RI is hispanic, making up 8.0% of the population. Foreign-born residents account for 8.1% of the population in Burrillville, RI, and this percentage has increased by 170.0% 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 | 88.4% | -4.3% |
% Black | 0.3% | 0.0% |
% Hispanic | 8.0% | 95.1% |
% Asian | 1.3% | 0.0% |
% Foreign Born | 8.1% | 170.0% |
Mortgage and Risk — Burrillville, RI
According to HUD data as of 2023, there were 214 mortgage originations in Burrillville, RI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% 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. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 214 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
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 | 157 |
Total Units Section 8 | 157 |
% Rentals under Section 8 | 32.0% |
% Occupied Section 8 | 94.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,260 |
| 2 Bedroom | -$70 | $1,600 | $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 | 3.2 |
| Median Home Price | $444,000 |
| Median Household Income | $119,000 |