Real Estate Investing in Exeter, Rhode Island (02822)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02822 (Exeter, 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 price-to-rent: Price-to-rent ratio 26.4 — 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 Exeter, RI (02822)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02822 Exeter
Investors eyeing 02822 need to respect the fundamentals at play. Home values of $625K come alongside slower price movement and elevated management overhead.
The investment case in 02822 is robust only for operators who understand what they are buying. A $625K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 02822 sits on the difficult end of the RI spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 02822 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 02822 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Exeter:
Property Strategy for 02822
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $502,364 | $2,190 | 3.1% | +9.7% | $251,182 |
| 3BR | $605,695 | $2,660 | 3.2% | +9.4% | $201,898 |
| 4BR | $795,837 | $3,130 | 2.8% | +10.2% | $198,959 |
Market Trends
Home Value History (with trend line)
📊 How Does 02822 Compare?
| Metric | 02822 | Exeter | Rhode Island |
|---|---|---|---|
| Home Value | $625,024 | $625,024 | $487,363 |
| 5-Year CAGR | 6.9% | 6.9% | 8.8% |
| Avg Rent | $1,971 | $1,971 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 02822 (Exeter, RI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $625,024 |
| Monthly Rent | $1,971 |
| Price-to-Rent | 26.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.5%). 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 02822
Population: 6,139
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 02822
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 926 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Exeter, RI?
The median home value in Exeter, RI is roughly $625K. That puts it reasonable relative to the RI statewide average.
What is the tenant pool like in Exeter, RI?
The tenant pool in Exeter, RI is solid, supported by local employment and population fundamentals. Rents of $1,971/mo are well-absorbed by the market.
What is it like being a landlord in Exeter, RI?
RI law landlord-friendly for landlords, and Exeter inherits those rules. Investors should still review local ordinances for rental licensing.
How strong are rents in Exeter, RI?
The typical rental in Exeter, RI commands about $1,971/mo monthly. That rent profile steady cash flow against the $625K purchase basis.
Does Exeter, RI make sense for an investment property?
With a 3.0/5 investability score, Exeter, RI ranks as a solid market for rental property investors. Median prices of $625K and rents of $1,971/mo drive the underlying numbers.
You know 02822 now. You don’t know where it ranks.
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How 02822 ranks in Providence-Warwick, RI-MA
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