North Kingstown, RI 02852 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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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

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 Type	Median Home Value	YoY % Change
All Homes	$607,000	4.1%
Single Family	$618,000	4.0%
Condos	$510,000	5.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$2,800	$2,960
Studio Rent	N/A	N/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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$675,000	-2.0%
Listing Count	50	14.0%
Listings as % of Homes	0.4%	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.

Metric	Latest Census	YoY % Change
Population	23,300	5.6%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max 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