Coventry, RI—02827
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Coventry, RI
Home Price Trends — Coventry, RI
As of Oct '25, the median home price in Coventry, RI is $513,000, with a year-over-year change of 4.1%. This indicates that home prices in Coventry, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $513,000 | 4.1% |
| Single Family | $513,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $425,000 | 3.2% |
3 Bed | $517,000 | 3.4% |
4 Bed | $592,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Coventry, RI
Coventry, RI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Coventry, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Coventry, RI is 27. This is a increase of 39.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | -27.0% |
Listing Count | 7 | -11.0% |
| Listings as % of Homes | 0.9% | -11.0% |
Days on Market | 27 | 39.0% |
Demographics — Coventry, RI
As of the latest ACS Survey released in 2023, Coventry, RI has a population of 2,440, which has increased by 18.5% over the past 5 years. Coventry, RI is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,440 | 18.5% |
% Under 18 | 23.5% | 49.7% |
% Seniors | 16.4% | -6.8% |
% WFH | 7.7% | 670.0% |
% w/ College Degree | 31.6% | 12.5% |
As of the latest ACS Survey released in 2023, Coventry, RI is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Coventry, RI is black, making up 2.2% of the population. Foreign-born residents account for 3.3% of the population in Coventry, RI, and this percentage has decreased by 25.0% 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 | 90.0% | -7.5% |
% Black | 2.2% | 266.7% |
% Hispanic | 2.0% | 566.7% |
% Asian | 0.8% | -20.0% |
% Foreign Born | 3.3% | -25.0% |
Mortgage and Risk — Coventry, RI
According to HUD data as of 2023, there were 39 mortgage originations in Coventry, RI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Coventry, RI. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Coventry, RI
Coventry, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,470 |
| 2 Bedroom | N/A | N/A | $1,810 |
| 3 Bedroom | N/A | N/A | $2,190 |
| 4 Bedroom | N/A | N/A | $2,660 |
Affordability — Coventry, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $513,000 |
| Median Household Income | $135,000 |