South Kingstown, RI—02881
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 $665,000, with a year-over-year change of 4.5%. This indicates that home prices in South 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 | $665,000 | 4.5% |
| Single Family | $667,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $643,000 | 4.9% |
4 Bed | $725,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Kingstown, RI
As of July '25, Rentcast reports the average rent in South Kingstown, RI is $950, with a year-over-year rent change of -73.6%. Per bedroom, the median rent as of July '25 in South Kingstown, RI is 1-bedrooms: $950. The most common rental property sizes in South Kingstown, RI are 2-bedroom and 3-bedroom, accounting for 42.7% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% 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 29. This is a decrease of -12.0% 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 | $819,000 | 6.0% |
Listing Count | 7 | 36.0% |
| Listings as % of Homes | 0.2% | 36.0% |
Days on Market | 29 | -12.0% |
Demographics — South Kingstown, RI
As of the latest ACS Survey released in 2023, South Kingstown, RI has a population of 7,180, which has decreased by -8.3% over the past 5 years. South Kingstown, RI is a less popular place for families, as children make up 3.4% of the population. The area has a highly educated workforce, with 82.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,180 | -8.3% |
% Under 18 | 3.4% | -49.3% |
% Seniors | 5.0% | -15.3% |
% WFH | 8.6% | 65.4% |
% w/ College Degree | 82.7% | 19.3% |
As of the latest ACS Survey released in 2023, South Kingstown, RI is a predominantly white area, with 73.0% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in South Kingstown, RI is asian, making up 10.4% of the population. Foreign-born residents account for 11.8% of the population in South Kingstown, RI, and this percentage has increased by 24.2% 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 | 73.0% | -5.6% |
% Black | 5.6% | 7.7% |
% Hispanic | 7.8% | -22.8% |
% Asian | 10.4% | 62.5% |
% Foreign Born | 11.8% | 24.2% |
Mortgage and Risk — South Kingstown, RI
According to HUD data as of 2023, there were 4 mortgage originations in South Kingstown, RI, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 41.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in South Kingstown, RI. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 4 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — South Kingstown, RI
South Kingstown, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $950 | $1,540 |
| 2 Bedroom | N/A | N/A | $1,880 |
| 3 Bedroom | N/A | N/A | $2,270 |
| 4 Bedroom | N/A | N/A | $2,750 |
Affordability — South Kingstown, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.9 |
| Median Home Price | $665,000 |
| Median Household Income | N/A |