Warren, RI 02885 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Warren, RI—02885

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$551,000

0.5% YoY Growth

Household Income

$89,700

61.8% YoY Growth

Days on Market

4.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$2,280

0.8% YoY Growth

1-Bed Rent

$2,280

5.3% YoY Growth

2-Bed Rent

$1,850

4.7% YoY Growth

3-Bed Rent

$2,500

1.6% YoY Growth

Home Price Trends — Warren, RI

As of May '26, the median home price in Warren, RI is $551,000, with a year-over-year change of 0.5%. This indicates that home prices in Warren, RI are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$551,000	0.5%
Single Family	$555,000	1.1%
Condos	$412,000	1.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Warren, RI

As of July '25, Rentcast reports the average rent in Warren, RI is $2,380, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Warren, RI is studios: $1,680, 1-bedrooms: $1,970, 2-bedrooms: $2,660, 3-bedrooms: $2,500, 4-bedrooms: $4,100. The most common rental property sizes in Warren, RI are 1-bedroom and 2-bedroom, accounting for 42.2% and 26.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,280	$2,380
Studio Rent	$1,450	$1,680
1 Bed Rent	$2,280	$1,970
2 Bed Rent	$1,850	$2,660
3 Bed Rent	$2,500	$2,500
4 Bed Rent	$4,100	$4,100

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% of Rental Stock

Studio

5.8%

1 Bedroom

42.2%

2 Bedrooms

26.7%

3 Bedrooms

22.1%

4 Bedrooms

3.3%

Property Listings — Warren, RI

As of May '26, Realtor.com reports that the median days on market for a home in Warren, RI is 28. This is a decrease of -4.0% 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	$525,000	22.0%
Listing Count	23	-41.0%
Listings as % of Homes	0.4%	-41.0%
Days on Market	28	-4.0%

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Demographics — Warren, RI

As of the latest ACS Survey released in 2023, Warren, RI has a population of 11,100, which has increased by 6.4% over the past 5 years. Warren, RI is a less popular place for families, as children make up 13.4% of the population. The area has a moderately educated workforce, with 36.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,100	6.4%
% Under 18	13.4%	-22.1%
% Seniors	24.5%	18.4%
% WFH	9.8%	263.0%
% w/ College Degree	36.0%	2.0%

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As of the latest ACS Survey released in 2023, Warren, RI is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Warren, RI is hispanic, making up 3.7% of the population. Foreign-born residents account for 11.2% of the population in Warren, RI, and this percentage has increased by 47.4% 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	89.9%	-5.5%
% Black	1.4%	133.3%
% Hispanic	3.7%	76.2%
% Asian	0.7%	133.3%
% Foreign Born	11.2%	47.4%

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Mortgage and Risk — Warren, RI

According to HUD data as of 2023, there were 178 mortgage originations in Warren, RI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Warren, RI. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	178
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	2.0%
% Second Loans	3.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Warren, RI

As of 2024, the percent of homes in Warren, RI under the Section 8 program is 11.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Warren, 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	389
Total Units Section 8	226
% Rentals under Section 8	11.6%
% Occupied Section 8	72.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$1,010	$2,280	$1,270
2 Bedroom	-$300	$1,850	$1,550
3 Bedroom	-$630	$2,500	$1,870
4 Bedroom	-$1,810	$4,100	$2,290

Warren, RI—02885

Key Metrics at a Glance

Home Price Trends — Warren, RI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Warren, RI

% of Rental Stock

Property Listings — Warren, RI

Demographics — Warren, RI

Race and Ethnicity

Mortgage and Risk — Warren, RI

Mortgages

Rentals and Section 8 — Warren, RI

Section 8 Market Size

Section 8 Opportunity

Affordability — Warren, RI

Home Price to Income Ratio

Warren, RI — ZIP Code Boundary Map

Nearby ZIP Codes

Bristol, RI

Barrington, RI

Swansea, MA

Somerset, MA

Fall River, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$551,000
Median Household Income	$89,700

Warren, RI—02885

Key Metrics at a Glance

Home Price Trends — Warren, RI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Warren, RI

% of Rental Stock

Property Listings — Warren, RI

Demographics — Warren, RI

Race and Ethnicity

Mortgage and Risk — Warren, RI

Mortgages

Rentals and Section 8 — Warren, RI

Section 8 Market Size

Section 8 Opportunity

Affordability — Warren, RI

Home Price to Income Ratio

Warren, RI — ZIP Code Boundary Map

Nearby ZIP Codes

Bristol, RI

Barrington, RI

Swansea, MA

Somerset, MA

Fall River, MA

Frequently Asked Questions

What is the average home price in Warren, RI 02885?

How have home prices in Warren, RI 02885 changed over the past year?

What is the home price projection for Warren, RI 02885?

What are the demographics of Warren, RI 02885?

How long does it take homes to sell in Warren, RI 02885?

What is the average rent price in Warren, RI 02885?