Real Estate Investing in Bradford, Rhode Island (02808)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02808 (Bradford, RI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
- Higher unemployment: 9.2% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 27.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bradford, RI (02808)?
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Market Analysis: 02808 Bradford
This part of Washington County is not an easy win. The 02808 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,332/mo on a $446K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 02808 sits below the stated 0.0% once reality is priced in.
The gap between 02808 and stronger Bradford ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Turning to rents, 2,561 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. resilient returns are possible in 02808, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Bradford:
Property Strategy for 02808
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $363,220 | $1,480 | 2.9% | +8.7% | $181,610 |
| 3BR | $432,180 | $1,850 | 3.1% | +8.3% | $144,060 |
Market Trends
Home Value History (with trend line)
📊 How Does 02808 Compare?
| Metric | 02808 | Bradford | Rhode Island |
|---|---|---|---|
| Home Value | $445,786 | $445,786 | $487,363 |
| 5-Year CAGR | 6.2% | 6.2% | 8.8% |
| Avg Rent | $1,332 | $1,332 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02808 (Bradford, RI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $445,786 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 27.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 02808
Population: 2,561
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 02808
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Ashaway Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Bradford, RI a smart market for rental property?
Yes - Bradford, RI a 3.0/5 investability score. With $446K home prices against $1,332/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do landlords face vacancy issues in Bradford, RI?
Bradford, RI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What investment strategy works best in Bradford, RI?
A careful cash-flow rentals with hands-on management strategy Bradford, RI best. The market produces measured results for that approach at the $446K price point.
Is house hacking profitable in Bradford, RI?
The a challenging house-hack environment in Bradford, RI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How expensive is real estate in Bradford, RI?
In Bradford, RI the median home value sits at $446K. Against the broader RI market, that reads as reasonable for most investors.
You know 02808 now. You don’t know where it ranks.
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How 02808 ranks in Providence-Warwick, RI-MA
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