Woonsocket, RI 02895 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Woonsocket, RI—02895

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$372,000

0.7% YoY Growth

Household Income

$58,600

46.7% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

2.7%

Median Rent

$1,580

7.1% YoY Growth

1-Bed Rent

$1,550

9.4% YoY Growth

2-Bed Rent

$1,580

7.2% YoY Growth

3-Bed Rent

$1,800

9.2% YoY Growth

Home Price Trends — Woonsocket, RI

As of Dec '25, the median home price in Woonsocket, RI is $372,000, with a year-over-year change of 0.7%. This indicates that home prices in Woonsocket, RI are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$372,000	0.7%
Single Family	$382,000	0.0%
Condos	$271,000	4.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Woonsocket, RI

As of July '25, Rentcast reports the average rent in Woonsocket, RI is $1,660, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Woonsocket, RI is studios: $1,100, 1-bedrooms: $1,510, 2-bedrooms: $1,630, 3-bedrooms: $1,900, 4-bedrooms: $2,170. The most common rental property sizes in Woonsocket, RI are 2-bedroom and 1-bedroom, accounting for 40.9% and 27.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,580	$1,660
Studio Rent	$1,100	$1,100
1 Bed Rent	$1,550	$1,510
2 Bed Rent	$1,580	$1,630
3 Bed Rent	$1,800	$1,900
4 Bed Rent	$2,200	$2,170

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% of Rental Stock

Studio

4.2%

1 Bedroom

27.1%

2 Bedrooms

40.9%

3 Bedrooms

23.1%

4 Bedrooms

4.0%

5+ Bedrooms

0.7%

Property Listings — Woonsocket, RI

As of Dec '25, Realtor.com reports that the median days on market for a home in Woonsocket, RI is 33. This is a increase of 25.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$399,000	0.0%
Listing Count	75	16.0%
Listings as % of Homes	0.3%	16.0%
Days on Market	40	6.0%

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Demographics — Woonsocket, RI

As of the latest ACS Survey released in 2023, Woonsocket, RI has a population of 43,100, which has increased by 3.7% over the past 5 years. Woonsocket, RI is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	43,100	3.7%
% Under 18	23.2%	6.4%
% Seniors	14.1%	2.9%
% WFH	4.5%	73.1%
% w/ College Degree	18.6%	11.4%

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As of the latest ACS Survey released in 2023, Woonsocket, RI is a predominantly white area, with 53.8% of the population identifying as white. The white population has shrunk by 16.1% in the last 5 years. The second most common race or ethnicity in Woonsocket, RI is hispanic, making up 25.8% of the population. Foreign-born residents account for 15.0% of the population in Woonsocket, RI, and this percentage has increased by 22.0% 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	53.8%	-16.1%
% Black	7.4%	-19.6%
% Hispanic	25.8%	38.7%
% Asian	6.9%	15.0%
% Foreign Born	15.0%	22.0%

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Mortgage and Risk — Woonsocket, RI

According to HUD data as of 2023, there were 548 mortgage originations in Woonsocket, RI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Woonsocket, RI. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	548
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Woonsocket, RI

As of 2024, the percent of homes in Woonsocket, RI under the Section 8 program is 18.7%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Woonsocket, RI, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.

Section 8 Market Size

Total Units under HUD	3,194
Total Units Section 8	1,928
% Rentals under Section 8	18.7%
% Occupied Section 8	86.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$290	$1,550	$1,260
2 Bedroom	-$50	$1,580	$1,530
3 Bedroom	$50	$1,800	$1,850
4 Bedroom	$90	$2,200	$2,290

Woonsocket, RI—02895

Key Metrics at a Glance

Home Price Trends — Woonsocket, RI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Woonsocket, RI

% of Rental Stock

Property Listings — Woonsocket, RI

Demographics — Woonsocket, RI

Race and Ethnicity

Mortgage and Risk — Woonsocket, RI

Mortgages

Rentals and Section 8 — Woonsocket, RI

Section 8 Market Size

Section 8 Opportunity

Affordability — Woonsocket, RI

Home Price to Income Ratio

Woonsocket, RI — ZIP Code Boundary Map

Nearby ZIP Codes

Manville, RI

Blackstone, MA

North Smithfield, RI

Forestdale

Albion

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.4
Median Home Price	$372,000
Median Household Income	$58,600

Woonsocket, RI—02895

Key Metrics at a Glance

Home Price Trends — Woonsocket, RI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Woonsocket, RI

% of Rental Stock

Property Listings — Woonsocket, RI

Demographics — Woonsocket, RI

Race and Ethnicity

Mortgage and Risk — Woonsocket, RI

Mortgages

Rentals and Section 8 — Woonsocket, RI

Section 8 Market Size

Section 8 Opportunity

Affordability — Woonsocket, RI

Home Price to Income Ratio

Woonsocket, RI — ZIP Code Boundary Map

Nearby ZIP Codes

Manville, RI

Blackstone, MA

North Smithfield, RI

Forestdale

Albion

Frequently Asked Questions

What is the average home price in Woonsocket, RI 02895?

How have home prices in Woonsocket, RI 02895 changed over the past year?

What is the home price projection for Woonsocket, RI 02895?

What are the demographics of Woonsocket, RI 02895?

How long does it take homes to sell in Woonsocket, RI 02895?

What is the average rent price in Woonsocket, RI 02895?