Real Estate Investing in Narragansett, Rhode Island

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 12,984 • Washington County

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Should you buy in Narragansett, RI? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (41/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 38.0% of homes vacant — above national norms.

What’s happening in Narragansett, RI?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.7% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $884,720
Avg Monthly Rent $2,716
ZIP Codes 1

Investing in Narragansett Real Estate

With a sizable population across 1 ZIPs, Narragansett shows the kind of sluggish fundamentals that keep most out-of-state capital on the sidelines.

Across Narragansett's 1 ZIPs, fundamentals run thin: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Rent trends and price trends in Narragansett are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Rhode Island.

A an established population with $N/AK household income profile is what makes Narragansett a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Providence-Warwick, RI-MA

Narragansett is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$884,720
Avg Monthly Rent
$2,716
1% Rule
✗ Below
Landlord Friendly (RI)

ZIP Codes in Narragansett, RI

Screen every ZIP in Narragansett

Filter Narragansett’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Narragansett, RI

What is the renter demographic in Narragansett, RI?

Tenant quality in Narragansett, RI ranks as solid. Landlords generally report predictable occupancy at market rents of $2,716/mo.

How does Narragansett, RI stack up for property investment?

Narragansett, RI stands at an investability rating of 3.0/5, with median home values near $885K and average rents around $2,716/mo. That combination puts it in the substantial tier for investor interest.

How much does a house cost in Narragansett, RI?

In Narragansett, RI the median home value sits at $885K. Against the broader RI market, that reads as reasonable for most investors.

Is Narragansett, RI better for rentals, flips, or BRRRR?

Narragansett, RI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($885K prices, $2,716/mo rents) make it a reasonable choice.

Are eviction rules reasonable in Narragansett, RI?

For rental operators, Narragansett, RI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

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