Real Estate Investing in Glocester, Rhode Island (02814)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02814 (Glocester, 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.
- High vacancy: 13.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.5 — 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 Glocester, RI (02814)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02814 Glocester
ZIP 02814 inside Providence County looks affordable on the surface — median value of $510K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 02814 can be a a credible choice for hunting ground — but the discount at $510K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Glocester have seen price recovery that 02814 has not matched. Providence County data supports the view that the spread is structural rather than temporary.
Resident income in 02814 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Glocester:
Property Strategy for 02814
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $304,993 | $1,300 | 3.1% | +7.9% | $304,993 |
| 2BR | $425,631 | $1,600 | 2.7% | +9.2% | $212,816 |
| 3BR | $523,992 | $1,930 | 2.7% | +8.8% | $174,664 |
| 4BR | $608,461 | $2,300 | 2.7% | +9.2% | $152,115 |
Market Trends
Home Value History (with trend line)
📊 How Does 02814 Compare?
| Metric | 02814 | Glocester | Rhode Island |
|---|---|---|---|
| Home Value | $510,023 | $510,023 | $487,363 |
| 5-Year CAGR | 6.5% | 6.5% | 8.8% |
| Avg Rent | $1,440 | $1,440 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02814 (Glocester, RI). Anonymous, moderated, never written by AI.
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Property managers serving Providence County
Manage rentals here? List your business →Ferland Corporation provides professional management services for over 2,600 apartment units in the Rhode Island area, offering quality apartments and amenities. summary from their website
Zanno Property Management offers residential and multi-family property management services in Providence, including marketing, resident screening, rent collection, maintenance, accounting, and evictio summary from their website
Avellino Construction & Property Management offers property management, general contracting, investments & lending, and rentals in Providence, RI. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $510,023 |
| Monthly Rent | $1,440 |
| Price-to-Rent | 29.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.2%). 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 02814
Population: 7,421
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 02814
Schools in This ZIP Code
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
Where do rents currently stand in Glocester, RI?
Investors in Glocester, RI typically see rents near $1,440/mo per month against $510K home values - a solid setup for rental cash flow.
How strong is the working-renter base in Glocester, RI?
Tenant demand in Glocester, RI is solid. The local workforce $1,440/mo rents across most rental classes.
Do landlords face vacancy issues in Glocester, RI?
Expect elevated vacancy in Glocester, RI. Rents at $1,440/mo are absorbed by the tenant base without meaningful lag.
Does a duplex house hack pencil in Glocester, RI?
The a challenging house-hack environment in Glocester, RI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What type of investing works in Glocester, RI?
Investors usually favor careful cash-flow rentals with hands-on management in Glocester, RI. With home values at $510K and rents near $1,440/mo, other strategies can work but produce predictable rather than outsized returns.
You know 02814 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02814 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 02814 ranks in Providence-Warwick, RI-MA
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