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  4. /South Kingstown, RI - 02879

South Kingstown, RI—02879

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$740,000
6.2% YoY Growth
Household Income
$116,000
44.9% YoY Growth
Days on Market
33
26.0% Longer YoY
Home Price Forecast
2.9%
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

02881
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — South Kingstown, RI

As of May '26, the median home price in South Kingstown, RI is $740,000, with a year-over-year change of 6.2%. This indicates that home prices in South Kingstown, RI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$740,0006.2%
Single Family $732,0005.6%
Condos $783,0009.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $450,000
    6.4%
    2 Bed
    		$666,0007.2%
    3 Bed
    		$734,0005.2%
    4 Bed
    		$915,0006.0%
    5 Bed $1,116,6357.6%
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    9.4%
    2 Bedrooms
    29.4%
    3 Bedrooms
    39.8%
    4 Bedrooms
    16.4%
    5+ Bedrooms
    3.0%

    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.

    TypeMedian RentAverage 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 May '26, Realtor.com reports that the median days on market for a home in South Kingstown, RI is 33. This is a increase of 26.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$947,0007.0%
    Listing Count
    		77-29.0%
    Listings as % of Homes0.5%-29.0%
    Days on Market
    		3326.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		22,60010.3%
    % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    Affordability — South Kingstown, RI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.2
    Median Home Price$740,000
    Median Household Income$116,000

    South Kingstown, RI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    South Kingstown, RI

    02881

    Narragansett, RI

    02882

    Richmond, RI

    02892

    Shannock, RI

    02875

    North Kingstown, RI

    02874

    Frequently Asked Questions