North Kingstown, RI—02874
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 $833,000, with a year-over-year change of 5.5%. This indicates that home prices in North Kingstown, RI are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $833,000 | 5.5% |
| Single Family | $841,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $576,000 | 8.3% |
3 Bed | $733,000 | 6.2% |
4 Bed | $1,004,000 | 3.8% |
| 5 Bed | $1,346,000 | 5.7% |
% of Housing Stock
Rental Trends — North Kingstown, RI
As of July '25, Rentcast reports the average rent in North Kingstown, RI is $4,290, with a year-over-year rent change of 17.5%. Per bedroom, the median rent as of July '25 in North Kingstown, RI is 1-bedrooms: $2,600, 3-bedrooms: $3,500, 4-bedrooms: $5,520. The most common rental property sizes in North Kingstown, RI are 4-bedroom and 2-bedroom, accounting for 31.7% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $4,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,600 | $2,600 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,500 | $3,500 |
| 4 Bed Rent | $3,550 | $5,520 |
% 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 49. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter 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 | $1,490,000 | 70.0% |
Listing Count | 28 | 50.0% |
| Listings as % of Homes | 0.7% | 50.0% |
Days on Market | 49 | -21.0% |
Demographics — North Kingstown, RI
As of the latest ACS Survey released in 2023, North Kingstown, RI has a population of 6,720, which has increased by 12.7% over the past 5 years. North Kingstown, RI is a moderately popular place for families, as children make up 24.9% of the population. The area has a highly educated workforce, with 66.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,720 | 12.7% |
% Under 18 | 24.9% | 5.1% |
% Seniors | 15.7% | 7.5% |
% WFH | 19.9% | 192.6% |
% w/ College Degree | 66.8% | 7.6% |
As of the latest ACS Survey released in 2023, North Kingstown, RI is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in North Kingstown, RI is hispanic, making up 4.8% of the population. Foreign-born residents account for 3.2% of the population in North Kingstown, RI, and this percentage has decreased by 17.9% 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 | 90.5% | -4.8% |
% Black | 0.4% | -73.3% |
% Hispanic | 4.8% | 71.4% |
% Asian | 1.8% | 500.0% |
% Foreign Born | 3.2% | -17.9% |
Mortgage and Risk — North Kingstown, RI
According to HUD data as of 2023, there were 183 mortgage originations in North Kingstown, RI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in North Kingstown, RI. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 183 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — North Kingstown, RI
North Kingstown, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,130 | $2,600 | $1,470 |
| 2 Bedroom | N/A | N/A | $1,800 |
| 3 Bedroom | -$1,330 | $3,500 | $2,170 |
| 4 Bedroom | -$890 | $3,550 | $2,660 |
Affordability — North Kingstown, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $833,000 |
| Median Household Income | $155,000 |