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  4. /Exeter, RI - 02822

Exeter, RI—02822

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$625,000
3.1% YoY Growth
Household Income
$87,200
0.9% YoY Growth
Days on Market
32
59.0% Shorter YoY
Home Price Forecast
2.8%
Median Rent
$3,500
148.6% YoY Growth
1-Bed Rent
$3,500
100.0% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
$5,200
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Exeter, RI

As of May '26, the median home price in Exeter, RI is $625,000, with a year-over-year change of 3.1%. This indicates that home prices in Exeter, 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 TypeMedian Home ValueYoY % Change
All Homes
$625,0003.1%
Single Family $627,0002.5%
Condos $627,0004.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
  • N/A
    N/A
    2 Bed
    $520,0003.2%
    3 Bed
    $628,0002.3%
    4 Bed
    $827,0002.2%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    16.1%
    2 Bedrooms
    21.2%
    3 Bedrooms
    47.1%
    4 Bedrooms
    13.6%
    5+ Bedrooms
    2.0%

    Rental Trends — Exeter, RI

    As of July '25, Rentcast reports the average rent in Exeter, RI is $4,350, with a year-over-year rent change of 148.6%. Per bedroom, the median rent as of July '25 in Exeter, RI is 1-bedrooms: $3,500, 3-bedrooms: $5,200. The most common rental property sizes in Exeter, RI are 1-bedroom and 3-bedroom, accounting for 63.2% and 34.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,500$4,350
    Studio Rent N/AN/A
    1 Bed Rent $3,500$3,500
    2 Bed Rent N/AN/A
    3 Bed Rent $5,200$5,200
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    63.2%
    2 Bedrooms
    2.6%
    3 Bedrooms
    34.2%

    Property Listings — Exeter, RI

    As of May '26, Realtor.com reports that the median days on market for a home in Exeter, RI is 32. This is a decrease of -59.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    $819,000-21.0%
    Listing Count
    16-26.0%
    Listings as % of Homes0.4%-26.0%
    Days on Market
    32-59.0%
    Loading chart...

    Demographics — Exeter, RI

    As of the latest ACS Survey released in 2023, Exeter, RI has a population of 6,140, which has decreased by -6.7% over the past 5 years. Exeter, RI is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    6,140-6.7%
    % Under 18
    17.6%3.5%
    % Seniors
    18.0%25.0%
    % WFH
    11.4%1.8%
    % w/ College Degree
    42.4%-8.2%
    Loading chart...

    As of the latest ACS Survey released in 2023, Exeter, RI is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Exeter, RI is hispanic, making up 5.9% of the population. Foreign-born residents account for 4.6% of the population in Exeter, RI, and this percentage has increased by 64.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    85.4%-8.8%
    % Black
    2.8%460.0%
    % Hispanic
    5.9%391.7%
    % Asian
    0.7%-22.2%
    % Foreign Born
    4.6%64.3%
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    Mortgage and Risk — Exeter, RI

    According to HUD data as of 2023, there were 119 mortgage originations in Exeter, RI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Exeter, RI. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    119
    % Conventional Loans
    92.0%
    % Government Loans
    8.0%
    % Investor Loans
    0.0%
    % Second Loans
    2.0%
    % Cash Out Refinance
    13.0%
    Loading chart...
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    Rentals and Section 8 — Exeter, RI

    Exeter, RI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    35
    Total Units Section 8
    35
    % Rentals under Section 8
    9.3%
    % Occupied Section 8
    77.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$1,820$3,500$1,680
    2 BedroomN/AN/A$2,060
    3 Bedroom-$2,700$5,200$2,500
    4 BedroomN/AN/A$3,020

    Affordability — Exeter, RI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6
    Median Home Price$625,000
    Median Household Income$87,200

    Exeter, RI — ZIP Code Boundary Map

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    Frequently Asked Questions