Real Estate Investing in Coventry, Rhode Island (02827)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02827 (Coventry, RI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Coventry, RI (02827)?
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Market Analysis: 02827 Coventry
The 02827 ZIP in Coventry, RI is a local-operator market. Outside capital chasing a $552K entry has to pair deep knowledge with the discount.
Rent of $2,331/mo on a $552K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 02827 sits below the stated 0.0% once reality is priced in.
Regionally, 02827 sits on the difficult end of the RI spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 02827 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 02827 is an operator game, not a passive one. Turning to rents, entry prices of $552K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Coventry:
Property Strategy for 02827
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $425,364 | $2,590 | 4.4% | +9.3% | $212,682 |
| 3BR | $517,435 | $3,130 | 4.4% | +8.9% | $172,478 |
| 4BR | $592,345 | $3,720 | 4.5% | +8.9% | $148,086 |
Market Trends
Home Value History (with trend line)
📊 How Does 02827 Compare?
| Metric | 02827 | Coventry | Rhode Island |
|---|---|---|---|
| Home Value | $551,765 | $508,044 | $487,363 |
| 5-Year CAGR | 7.3% | 7.0% | 8.8% |
| Avg Rent | $2,331 | $2,189 | - |
| Cap Rate | 3.3% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02827 (Coventry, RI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $551,765 |
| Monthly Rent | $2,331 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.3%). 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 02827
Population: 2,441
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How expensive is real estate in Coventry, RI?
The median home value in Coventry, RI is roughly $552K. That puts it reasonable relative to the RI statewide average.
How qualified is the tenant pool in Coventry, RI?
The tenant pool in Coventry, RI is solid, supported by local employment and population fundamentals. Rents of $2,331/mo are well-absorbed by the market.
How does Coventry, RI rate as a rental market?
Coventry, RI scores 3.0/5 for investability. Home values sit at $552K and rents near $2,331/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are eviction rules reasonable in Coventry, RI?
For rental operators, Coventry, RI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What monthly rent should investors expect in Coventry, RI?
Rental rates in Coventry, RI average $2,331/mo. Tenant demand and $552K home values make the yield look reasonable by investor standards.
You know 02827 now. You don’t know where it ranks.
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How 02827 ranks in Providence-Warwick, RI-MA
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