South Kingstown, RI 02879 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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South Kingstown, RI—02879

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$699,000

3.3% YoY Growth

Household Income

$116,000

44.9% YoY Growth

Days on Market

74

8.0% Shorter YoY

Home Price Forecast

3.7%

Median Rent

$2,600

5.9% YoY Growth

1-Bed Rent

$2,000

17.8% YoY Growth

2-Bed Rent

$2,500

16.2% YoY Growth

3-Bed Rent

$2,800

24.8% YoY Growth

Other Zip Codes in South Kingstown, RI

Home Price Trends — South Kingstown, RI

As of Dec '25, the median home price in South Kingstown, RI is $699,000, with a year-over-year change of 3.3%. This indicates that home prices in South 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	$699,000	3.3%
Single Family	$689,000	3.0%
Condos	$745,000	6.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — South Kingstown, RI

As of July '25, Rentcast reports the average rent in South Kingstown, RI is $3,250, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in South Kingstown, RI is studios: $900, 1-bedrooms: $3,520, 2-bedrooms: $2,510, 3-bedrooms: $3,420, 4-bedrooms: $4,400. The most common rental property sizes in South Kingstown, RI are 2-bedroom and 1-bedroom, accounting for 40.5% and 26.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$3,250
Studio Rent	$900	$900
1 Bed Rent	$2,000	$3,520
2 Bed Rent	$2,500	$2,510
3 Bed Rent	$2,800	$3,420
4 Bed Rent	$4,700	$4,400

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% of Rental Stock

Studio

6.3%

1 Bedroom

26.9%

2 Bedrooms

40.5%

3 Bedrooms

21.1%

4 Bedrooms

4.6%

5+ Bedrooms

0.6%

Property Listings — South Kingstown, RI

As of Dec '25, Realtor.com reports that the median days on market for a home in South Kingstown, RI is 64. This is a decrease of -26.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$784,000	0.0%
Listing Count	74	-1.0%
Listings as % of Homes	0.5%	-1.0%
Days on Market	74	-8.0%

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Demographics — South Kingstown, RI

As of the latest ACS Survey released in 2023, South Kingstown, RI has a population of 22,600, which has increased by 10.3% over the past 5 years. South Kingstown, RI is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 59.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	22,600	10.3%
% Under 18	17.8%	4.7%
% Seniors	26.2%	9.6%
% WFH	14.8%	102.7%
% w/ College Degree	59.1%	13.4%

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As of the latest ACS Survey released in 2023, South Kingstown, RI is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in South Kingstown, RI is hispanic, making up 3.8% of the population. Foreign-born residents account for 4.4% of the population in South Kingstown, RI, and this percentage has increased by 4.8% 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	89.3%	-1.3%
% Black	2.6%	73.3%
% Hispanic	3.8%	5.6%
% Asian	1.4%	100.0%
% Foreign Born	4.4%	4.8%

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Mortgage and Risk — South Kingstown, RI

According to HUD data as of 2023, there were 481 mortgage originations in South Kingstown, RI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in South Kingstown, RI. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	481
% Conventional Loans	94.0%
% Government Loans	6.0%
% Investor Loans	2.0%
% Second Loans	9.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — South Kingstown, RI

As of 2024, the percent of homes in South Kingstown, RI under the Section 8 program is 17.2%. 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 South 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	498
Total Units Section 8	349
% Rentals under Section 8	17.2%
% Occupied Section 8	86.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$510	$2,000	$1,490
2 Bedroom	-$700	$2,500	$1,800
3 Bedroom	-$620	$2,800	$2,180
4 Bedroom	-$2,000	$4,700	$2,700