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North Kingstown, RI—02852

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$607,000
4.1% YoY Growth
Household Income
$112,000
35.2% YoY Growth
Days on Market
61
2.0% Shorter YoY
Home Price Forecast
3.7%
Median Rent
$2,800
4.6% YoY Growth
1-Bed Rent
$1,580
5.4% YoY Growth
2-Bed Rent
$2,600
13.7% YoY Growth
3-Bed Rent
$3,500
2.5% YoY Growth

Other Zip Codes in North Kingstown, RI

02874
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — North Kingstown, RI

As of Dec '25, the median home price in North Kingstown, RI is $607,000, with a year-over-year change of 4.1%. This indicates that home prices in North Kingstown, RI are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$607,0004.1%
Single Family $618,0004.0%
Condos $510,0005.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $345,000
    2.7%
    2 Bed
    		$496,0005.3%
    3 Bed
    		$588,0004.1%
    4 Bed
    		$831,0003.5%
    5 Bed $973,0184.3%
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    11.9%
    2 Bedrooms
    30.0%
    3 Bedrooms
    38.4%
    4 Bedrooms
    16.6%
    5+ Bedrooms
    2.6%

    Rental Trends — North Kingstown, RI

    As of July '25, Rentcast reports the average rent in North Kingstown, RI is $2,960, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in North Kingstown, RI is 1-bedrooms: $1,580, 2-bedrooms: $2,580, 3-bedrooms: $3,570, 4-bedrooms: $3,300. The most common rental property sizes in North Kingstown, RI are 2-bedroom and 1-bedroom, accounting for 50.8% and 35.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,800$2,960
    Studio Rent N/AN/A
    1 Bed Rent $1,580$1,580
    2 Bed Rent $2,600$2,580
    3 Bed Rent $3,500$3,570
    4 Bed Rent $3,300$3,300
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    % of Rental Stock

    Studio
    1.8%
    1 Bedroom
    35.1%
    2 Bedrooms
    50.8%
    3 Bedrooms
    7.8%
    4 Bedrooms
    4.6%

    Property Listings — North Kingstown, RI

    As of Dec '25, Realtor.com reports that the median days on market for a home in North Kingstown, RI is 31. This is a decrease of -8.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$675,000-2.0%
    Listing Count
    		5014.0%
    Listings as % of Homes0.4%14.0%
    Days on Market
    		61-2.0%
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    Demographics — North Kingstown, RI

    As of the latest ACS Survey released in 2023, North Kingstown, RI has a population of 23,300, which has increased by 5.6% over the past 5 years. North Kingstown, RI is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 49.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		23,3005.6%
    % Under 18
    		17.0%-17.1%
    % Seniors
    		22.7%9.7%
    % WFH
    		13.9%172.5%
    % w/ College Degree
    		49.3%3.6%
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    As of the latest ACS Survey released in 2023, North Kingstown, RI is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in North Kingstown, RI is asian, making up 3.3% of the population. Foreign-born residents account for 6.2% of the population in North Kingstown, RI, and this percentage has increased by 40.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.8%-2.2%
    % Black
    		0.9%50.0%
    % Hispanic
    		3.2%10.3%
    % Asian
    		3.3%83.3%
    % Foreign Born
    		6.2%40.9%
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    Mortgage and Risk — North Kingstown, RI

    According to HUD data as of 2023, there were 438 mortgage originations in North Kingstown, RI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in North Kingstown, RI. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		438
    % Conventional Loans
    		92.0%
    % Government Loans
    		8.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — North Kingstown, RI

    As of 2024, the percent of homes in North Kingstown, RI under the Section 8 program is 28.4%. 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 North Kingstown, 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
    		862
    Total Units Section 8
    		816
    % Rentals under Section 8
    		28.4%
    % Occupied Section 8
    		89.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$200$1,580$1,380
    2 Bedroom-$910$2,600$1,690
    3 Bedroom-$1,460$3,500$2,040
    4 Bedroom-$810$3,300$2,490

    Affordability — North Kingstown, RI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.5
    Median Home Price$607,000
    Median Household Income$112,000

    North Kingstown, RI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    East Greenwich, RI

    02818

    North Kingstown, RI

    02874

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    02835

    Warwick, RI

    02886

    West Warwick, RI

    02893

    Frequently Asked Questions