South Kingstown, RI—02879
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in South Kingstown, RI
Home Price Trends — South Kingstown, RI
As of Oct '25, the median home price in South Kingstown, RI is $686,000, with a year-over-year change of 3.4%. This indicates that home prices in South Kingstown, RI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $686,000 | 3.4% |
| Single Family | $678,000 | 2.9% |
| Condos | $734,000 | 6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $442,000 | 2.3% |
2 Bed | $615,000 | 3.5% |
3 Bed | $686,000 | 3.0% |
4 Bed | $847,000 | 4.3% |
| 5 Bed | $999,000 | 4.3% |
% of Housing Stock
Rental Trends — South Kingstown, RI
As of July '25, Rentcast reports the average rent in South Kingstown, RI is $3,250, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in South Kingstown, RI is studios: $900, 1-bedrooms: $3,520, 2-bedrooms: $2,510, 3-bedrooms: $3,420, 4-bedrooms: $4,400. The most common rental property sizes in South Kingstown, RI are 2-bedroom and 1-bedroom, accounting for 40.5% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $3,250 |
| Studio Rent | $900 | $900 |
| 1 Bed Rent | $2,000 | $3,520 |
| 2 Bed Rent | $2,500 | $2,510 |
| 3 Bed Rent | $2,800 | $3,420 |
| 4 Bed Rent | $4,700 | $4,400 |
% of Rental Stock
Property Listings — South Kingstown, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in South Kingstown, RI is 38. This is a decrease of -8.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $996,000 | -7.0% |
Listing Count | 105 | -5.0% |
| Listings as % of Homes | 0.5% | -5.0% |
Days on Market | 38 | -8.0% |
Demographics — South Kingstown, RI
As of the latest ACS Survey released in 2023, South Kingstown, RI has a population of 22,600, which has increased by 10.3% over the past 5 years. South Kingstown, RI is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 59.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,600 | 10.3% |
% Under 18 | 17.8% | 4.7% |
% Seniors | 26.2% | 9.6% |
% WFH | 14.8% | 102.7% |
% w/ College Degree | 59.1% | 13.4% |
As of the latest ACS Survey released in 2023, South Kingstown, RI is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in South Kingstown, RI is hispanic, making up 3.8% of the population. Foreign-born residents account for 4.4% of the population in South Kingstown, RI, and this percentage has increased by 4.8% 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 | 89.3% | -1.3% |
% Black | 2.6% | 73.3% |
% Hispanic | 3.8% | 5.6% |
% Asian | 1.4% | 100.0% |
% Foreign Born | 4.4% | 4.8% |
Mortgage and Risk — South Kingstown, RI
According to HUD data as of 2023, there were 481 mortgage originations in South Kingstown, RI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in South Kingstown, RI. Investor activity is low, as 2.0% 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 | 481 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — South Kingstown, RI
As of 2024, the percent of homes in South Kingstown, RI under the Section 8 program is 17.2%. 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 South 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 | 498 |
Total Units Section 8 | 349 |
% Rentals under Section 8 | 17.2% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$510 | $2,000 | $1,490 |
| 2 Bedroom | -$700 | $2,500 | $1,800 |
| 3 Bedroom | -$620 | $2,800 | $2,180 |
| 4 Bedroom | -$2,000 | $4,700 | $2,700 |
Affordability — South Kingstown, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $686,000 |
| Median Household Income | $116,000 |