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  4. /East Greenwich, RI - 02818

East Greenwich, RI—02818

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$738,000
3.5% YoY Growth
Household Income
$121,000
16.4% YoY Growth
Days on Market
28
5.0% Longer YoY
Home Price Forecast
3.1%
Median Rent
$3,100
4.0% YoY Growth
1-Bed Rent
$1,750
12.2% YoY Growth
2-Bed Rent
$2,800
12.9% YoY Growth
3-Bed Rent
$3,500
14.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — East Greenwich, RI

As of May '26, the median home price in East Greenwich, RI is $738,000, with a year-over-year change of 3.5%. This indicates that home prices in East Greenwich, RI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$738,0003.5%
Single Family $798,0003.4%
Condos $490,0004.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $316,000
    3.9%
    2 Bed
    		$507,0004.3%
    3 Bed
    		$654,0003.5%
    4 Bed
    		$985,0002.5%
    5 Bed $1,207,7093.9%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    15.4%
    2 Bedrooms
    21.0%
    3 Bedrooms
    29.8%
    4 Bedrooms
    25.1%
    5+ Bedrooms
    7.2%

    Rental Trends — East Greenwich, RI

    As of July '25, Rentcast reports the average rent in East Greenwich, RI is $3,360, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in East Greenwich, RI is studios: $2,050, 1-bedrooms: $1,750, 2-bedrooms: $2,810, 3-bedrooms: $3,800, 4-bedrooms: $4,950. The most common rental property sizes in East Greenwich, RI are 1-bedroom and 2-bedroom, accounting for 49.6% and 33.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,100$3,360
    Studio Rent $1,900$2,050
    1 Bed Rent $1,750$1,750
    2 Bed Rent $2,800$2,810
    3 Bed Rent $3,500$3,800
    4 Bed Rent $4,900$4,950
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    % of Rental Stock

    Studio
    3.7%
    1 Bedroom
    49.6%
    2 Bedrooms
    33.6%
    3 Bedrooms
    10.0%
    4 Bedrooms
    2.8%
    5+ Bedrooms
    0.4%

    Property Listings — East Greenwich, RI

    As of May '26, Realtor.com reports that the median days on market for a home in East Greenwich, RI is 28. This is a increase of 5.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$900,0006.0%
    Listing Count
    		88-18.0%
    Listings as % of Homes0.7%-18.0%
    Days on Market
    		285.0%
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    Demographics — East Greenwich, RI

    As of the latest ACS Survey released in 2023, East Greenwich, RI has a population of 19,900, which has increased by 9.2% over the past 5 years. East Greenwich, RI is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 63.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,9009.2%
    % Under 18
    		23.2%2.2%
    % Seniors
    		21.1%3.9%
    % WFH
    		18.7%240.0%
    % w/ College Degree
    		63.4%11.2%
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    As of the latest ACS Survey released in 2023, East Greenwich, RI is a predominantly white area, with 83.9% 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 East Greenwich, RI is asian, making up 8.5% of the population. Foreign-born residents account for 11.8% of the population in East Greenwich, RI, and this percentage has increased by 68.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		83.9%-5.5%
    % Black
    		1.1%-21.4%
    % Hispanic
    		3.8%40.7%
    % Asian
    		8.5%136.1%
    % Foreign Born
    		11.8%68.6%
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    Mortgage and Risk — East Greenwich, RI

    According to HUD data as of 2023, there were 405 mortgage originations in East Greenwich, RI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in East Greenwich, RI. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		405
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — East Greenwich, RI

    As of 2024, the percent of homes in East Greenwich, RI under the Section 8 program is 25.6%. 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 East Greenwich, 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
    		517
    Total Units Section 8
    		489
    % Rentals under Section 8
    		25.6%
    % Occupied Section 8
    		96.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$100$1,750$1,650
    2 Bedroom-$780$2,800$2,020
    3 Bedroom-$1,070$3,500$2,430
    4 Bedroom-$1,950$4,900$2,950

    Affordability — East Greenwich, RI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.9
    Median Home Price$738,000
    Median Household Income$121,000

    East Greenwich, RI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    02893

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    Frequently Asked Questions