Real Estate Investing in Burrillville, Rhode Island (02830)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02830 (Burrillville, 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.
- High price-to-rent: Price-to-rent ratio 31.5 — 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 Burrillville, RI (02830)?
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Market Analysis: 02830 Burrillville
ZIP 02830 in Burrillville, RI carries a impressive set of headwinds. Home values near $496K and rents of $1,314/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $496K asset, 02830 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 02830'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.
The 02830 ZIP's population of 6,936 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Distressed ZIPs reward experience. substantial returns are possible in 02830, 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 Burrillville:
Property Strategy for 02830
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $366,274 | $1,460 | 2.9% | +8.0% | $183,137 |
| 3BR | $491,080 | $1,760 | 2.6% | +7.5% | $163,693 |
| 4BR | $553,923 | $2,130 | 2.8% | +7.2% | $138,481 |
Market Trends
Home Value History (with trend line)
📊 How Does 02830 Compare?
| Metric | 02830 | Burrillville | Rhode Island |
|---|---|---|---|
| Home Value | $496,142 | $490,356 | $487,363 |
| 5-Year CAGR | 6.0% | 6.3% | 8.8% |
| Avg Rent | $1,314 | $1,467 | - |
| Cap Rate | 2.1% | 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 02830 (Burrillville, 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 | $496,142 |
| Monthly Rent | $1,314 |
| Price-to-Rent | 31.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.1%). 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 02830
Population: 6,936
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 02830
Schools in This ZIP Code
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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
Does Burrillville, RI make sense for an investment property?
With a 3.0/5 investability score, Burrillville, RI ranks as a solid market for rental property investors. Median prices of $496K and rents of $1,314/mo drive the underlying numbers.
What do landlords charge for rent in Burrillville, RI?
Expect rents around $1,314/mo per month in Burrillville, RI. With home values at $496K, the yield math works out to reasonable levels for rental investors.
What is the typical renter like in Burrillville, RI?
Burrillville, RI offers a steady renter base at the $1,314/mo rent level. Tenant turnover is reasonable for well-managed properties.
What real estate strategy is ideal for Burrillville, RI?
Burrillville, RI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($496K prices, $1,314/mo rents) make it a reasonable choice.
What kind of vacancy should I budget for in Burrillville, RI?
Occupancy in Burrillville, RI runs consistent with elevated vacancy. Well-priced units at $1,314/mo lease on reasonable timelines.
You know 02830 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02830 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 02830 ranks in Providence-Warwick, RI-MA
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