Glocester, RI—02814
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glocester, RI
As of Nov '25, the median home price in Glocester, RI is $485,000, with a year-over-year change of 1.8%. This indicates that home prices in Glocester, RI are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $485,000 | 1.8% |
| Single Family | $490,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $298,000 | -2.6% |
2 Bed | $424,000 | 2.2% |
3 Bed | $521,000 | 1.4% |
4 Bed | $604,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Glocester, RI
As of July '25, Rentcast reports the average rent in Glocester, RI is $2,640, with a year-over-year rent change of 20.0%. Per bedroom, the median rent as of July '25 in Glocester, RI is studios: $1,400, 1-bedrooms: $1,850, 4-bedrooms: $5,900. The most common rental property sizes in Glocester, RI are 2-bedroom and 1-bedroom, accounting for 53.0% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $2,640 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,850 | $1,850 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $5,900 | $5,900 |
% of Rental Stock
Property Listings — Glocester, RI
As of Nov '25, Realtor.com reports that the median days on market for a home in Glocester, RI is 51. This is a decrease of -25.0% 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 | $589,000 | 10.0% |
Listing Count | 30 | -20.0% |
| Listings as % of Homes | 0.5% | -20.0% |
Days on Market | 51 | -25.0% |
Demographics — Glocester, RI
As of the latest ACS Survey released in 2023, Glocester, RI has a population of 7,420, which has decreased by -3.3% over the past 5 years. Glocester, RI is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,420 | -3.3% |
% Under 18 | 21.1% | 8.8% |
% Seniors | 18.1% | 15.3% |
% WFH | 12.6% | 447.8% |
% w/ College Degree | 32.2% | 2.9% |
As of the latest ACS Survey released in 2023, Glocester, RI is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Glocester, RI is hispanic, making up 1.1% of the population. Foreign-born residents account for 2.4% of the population in Glocester, RI, and this percentage has decreased by 29.4% 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 | 94.9% | 1.8% |
% Black | 0.5% | 0.0% |
% Hispanic | 1.1% | -64.5% |
% Asian | 0.9% | -25.0% |
% Foreign Born | 2.4% | -29.4% |
Mortgage and Risk — Glocester, RI
According to HUD data as of 2023, there were 257 mortgage originations in Glocester, RI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Glocester, RI. Investor activity is low, as 0.0% 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 | 257 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Glocester, RI
Glocester, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$510 | $1,850 | $1,340 |
| 2 Bedroom | N/A | N/A | $1,640 |
| 3 Bedroom | N/A | N/A | $1,980 |
| 4 Bedroom | -$3,500 | $5,900 | $2,400 |
Affordability — Glocester, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $485,000 |
| Median Household Income | $110,000 |