Real Estate Investing in Washington County, Rhode Island

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

18 ZIP codes • Population: 129,820

Should you buy in Washington County, 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.

πŸ“ˆ 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: 21.7% of homes vacant β€” above national norms.

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.9% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $680,284
Avg Monthly Rent $1,897
ZIP Codes 18

Investing in Washington County Real Estate

With 129,820 residents across 10 cities, Washington County shows underwhelming fundamentals that keep most passive capital on the sidelines β€” a region that demands real local knowledge.

Investors considering Washington, Rhode Island should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

Population dynamics in Washington haven't been supportive. a harder case for combined with muted income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Washington County, RI. Anonymous, moderated, never written by AI.

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Avg Home Value
$680,284
Avg Monthly Rent
$1,897
1% Rule
βœ— Below
Landlord Friendly (RI)
β˜…β˜…β˜…β˜…β˜†

Cities in Washington County

ZIP Codes in Washington County, RI

02852 β˜… β˜… β˜… β˜… β˜…
North Kingstown
Population 23,269
Avg Home $644,135
Avg Rent $2,433/mo
02879 β˜… β˜… β˜… β˜… β˜…
South Kingstown
Population 22,628
Avg Home $740,436
Avg Rent $2,570/mo
02891 β˜… β˜… β˜… β˜… β˜…
Westerly
Population 21,698
Avg Home $636,313
Avg Rent $2,033/mo
02882 β˜… β˜… β˜… β˜… β˜…
Narragansett
Population 12,984
Avg Home $884,720
Avg Rent $2,716/mo
02813 β˜… β˜… β˜… β˜… β˜…
Charlestown
Population 8,017
Avg Home $706,552
Avg Rent $2,499/mo
02881 β˜… β˜… β˜… β˜… β˜…
South Kingstown
Population 7,183
Avg Home $698,344
Avg Rent $1,665/mo
02874 β˜… β˜… β˜… β˜… β˜…
North Kingstown
Population 6,715
Avg Home $894,275
Avg Rent $1,692/mo
02822 β˜… β˜… β˜… β˜… β˜…
Exeter
Population 6,139
Avg Home $625,024
Avg Rent $1,971/mo
02892 β˜… β˜… β˜… β˜… β˜…
Richmond
Population 5,704
Avg Home $606,079
Avg Rent $2,043/mo
02832 β˜… β˜… β˜… β˜… β˜…
Hopkinton
Population 4,950
Avg Home $504,523
Avg Rent $1,485/mo
02804 β˜… β˜… β˜… β˜… β˜…
Hopkinton
Population 2,661
Avg Home $467,084
Avg Rent $1,611/mo
02808 β˜… β˜… β˜… β˜… β˜…
Bradford
Population 2,561
Avg Home $445,786
Avg Rent $1,332/mo
02898 β˜… β˜… β˜… β˜… β˜…
Richmond
Population 1,745
Avg Home $499,056
Avg Rent $1,764/mo
02812 β˜… β˜… β˜… β˜… β˜…
Richmond
Population 1,432
Avg Home $535,835
Avg Rent $1,782/mo
02807 β˜… β˜… β˜… β˜… β˜…
New Shoreham
Population 829
Avg Home $1,831,620
Avg Rent $1,692/mo
02833 β˜… β˜… β˜… β˜… β˜…
Hopkinton
Population 662
Avg Home $506,032
Avg Rent $1,557/mo
02894 β˜… β˜… β˜… β˜… β˜…
Richmond
Population 554
Avg Home $501,850
Avg Rent $1,638/mo
02873 β˜… β˜… β˜… β˜… β˜…
Hopkinton
Population 89
Avg Home $517,445
Avg Rent $1,656/mo

Screen every market in Washington County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Washington County

Is, RI a good market for buy-and-hold investors?

, RI rates 3.0/5 for investability. With median values at $680K and rents near $1,897/mo, the market offers reasonable fundamentals for rental investors.

Are rents high in, RI?

Average rent in, RI is approximately $1,897/mo per month. Against $680K home values that yields a reasonable rent-to-price ratio.

Are there empty rentals in, RI?

, RI carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,897/mo.

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

The best-fit strategy in, RI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

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