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  4. /Burrillville, RI - 02859

Burrillville, RI—02859

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$481,000
5.9% YoY Growth
Household Income
$119,000
40.2% YoY Growth
Days on Market
16
3.0% Shorter YoY
Home Price Forecast
2.7%
Median Rent
$1,600
2.4% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,600
3.2% YoY Growth
3-Bed Rent
N/A
N/A

Other Zip Codes in Burrillville, RI

028580283002839
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Burrillville, RI

As of May '26, the median home price in Burrillville, RI is $481,000, with a year-over-year change of 5.9%. This indicates that home prices in Burrillville, RI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$481,0005.9%
Single Family $486,0006.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $273,000
    5.4%
    2 Bed
    		$419,0006.6%
    3 Bed
    		$497,0005.7%
    4 Bed
    		$554,0007.4%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    9.4%
    2 Bedrooms
    21.4%
    3 Bedrooms
    43.9%
    4 Bedrooms
    21.1%
    5+ Bedrooms
    3.4%

    Rental Trends — Burrillville, RI

    As of July '25, Rentcast reports the average rent in Burrillville, RI is $1,600, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Burrillville, RI is 2-bedrooms: $1,600. The most common rental property sizes in Burrillville, RI are 1-bedroom and 2-bedroom, accounting for 33.4% and 29.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,600
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,600$1,600
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    33.4%
    2 Bedrooms
    29.9%
    3 Bedrooms
    20.1%
    4 Bedrooms
    16.6%

    Property Listings — Burrillville, RI

    As of May '26, Realtor.com reports that the median days on market for a home in Burrillville, RI is 16. This is a decrease of -3.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$479,000-3.0%
    Listing Count
    		22-13.0%
    Listings as % of Homes0.7%-13.0%
    Days on Market
    		16-3.0%
    Loading chart...

    Demographics — Burrillville, RI

    As of the latest ACS Survey released in 2023, Burrillville, RI has a population of 6,800, which has decreased by -5.9% over the past 5 years. Burrillville, RI is a moderately popular place for families, as children make up 17.1% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,800-5.9%
    % Under 18
    		17.1%-19.3%
    % Seniors
    		18.5%35.0%
    % WFH
    		8.3%159.4%
    % w/ College Degree
    		23.1%-12.5%
    Loading chart...

    As of the latest ACS Survey released in 2023, Burrillville, RI is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Burrillville, RI is hispanic, making up 8.0% of the population. Foreign-born residents account for 8.1% of the population in Burrillville, RI, and this percentage has increased by 170.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.4%-4.3%
    % Black
    		0.3%0.0%
    % Hispanic
    		8.0%95.1%
    % Asian
    		1.3%0.0%
    % Foreign Born
    		8.1%170.0%
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    Mortgage and Risk — Burrillville, RI

    According to HUD data as of 2023, there were 214 mortgage originations in Burrillville, RI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Burrillville, RI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		214
    % Conventional Loans
    		80.0%
    % Government Loans
    		20.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		17.0%
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    Rentals and Section 8 — Burrillville, RI

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

    Section 8 Market Size

    Total Units under HUD
    		157
    Total Units Section 8
    		157
    % Rentals under Section 8
    		32.0%
    % Occupied Section 8
    		94.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,260
    2 Bedroom-$70$1,600$1,530
    3 BedroomN/AN/A$1,850
    4 BedroomN/AN/A$2,290

    Affordability — Burrillville, RI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$481,000
    Median Household Income$119,000

    Burrillville, RI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    02814

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    01516

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    02830

    Frequently Asked Questions