Real Estate Investing in Scituate, Rhode Island (02815)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02815 (Scituate, RI)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.4 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Scituate, RI (02815)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02815 Scituate
This part of Providence County is not an easy win. The 02815 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 02815 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 02815's metrics run below Providence County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 02815 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Scituate's stable or hybrid ZIPs before stepping into 02815. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Scituate:
Market Trends
Home Value History (with trend line)
📊 How Does 02815 Compare?
| Metric | 02815 | Scituate | Rhode Island |
|---|---|---|---|
| Home Value | $529,948 | $558,312 | $487,363 |
| 5-Year CAGR | 3.9% | 5.1% | 8.8% |
| Avg Rent | $1,737 | $1,854 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02815 (Scituate, RI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 02815 (Scituate, RI)?
~25 seconds · no account needed · your report is anonymous
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 | $529,948 |
| Monthly Rent | $1,737 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.6%). 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 02815
Population: 178
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 02815
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
Investor Insight: With 596 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Scituate, RI?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Scituate, RI. The numbers - $530K homes against $1,737/mo rents - support that play.
Is rental property easy to operate in Scituate, RI?
The landlord environment in Scituate, RI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is housing expensive in Scituate, RI?
Scituate, RI median home values land near $530K. That is reasonable territory for investors looking at $1,737/mo-per-month rentals.
Is Scituate in RI worth investing in?
Our data puts Scituate, RI at 3.0/5 for investability. Home prices of $530K and rents around $1,737/mo create a solid backdrop for investor activity.
What is the renter demographic in Scituate, RI?
Tenant quality in Scituate, RI ranks as solid. Landlords generally report predictable occupancy at market rents of $1,737/mo.
You know 02815 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02815 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 02815 ranks in Providence-Warwick, RI-MA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 02815 (Scituate)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 02815 (Scituate, RI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.