Real Estate Investing in Scituate, Rhode Island (02831)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02831 (Scituate, RI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 Scituate, RI (02831)?
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Market Analysis: 02831 Scituate
Investors eyeing 02831 need to respect the fundamentals at play. Home values of $591K come alongside slower price movement and elevated management overhead.
The 02831 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 02831 among RI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Meanwhile, 3,665 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 02831 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 Scituate:
Property Strategy for 02831
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $388,174 | $2,320 | 4.3% | +7.7% | $194,087 |
| 3BR | $572,646 | $2,800 | 3.5% | +8.1% | $190,882 |
| 4BR | $701,439 | $3,330 | 3.4% | +8.7% | $175,360 |
Market Trends
Home Value History (with trend line)
📊 How Does 02831 Compare?
| Metric | 02831 | Scituate | Rhode Island |
|---|---|---|---|
| Home Value | $590,968 | $558,312 | $487,363 |
| 5-Year CAGR | 5.8% | 5.1% | 8.8% |
| Avg Rent | $2,088 | $1,854 | - |
| Cap Rate | 2.8% | 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 02831 (Scituate, 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 | $590,968 |
| Monthly Rent | $2,088 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.8%). 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 02831
Population: 3,665
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 02831
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
Do landlords face vacancy issues in Scituate, RI?
Expect elevated vacancy in Scituate, RI. Rents at $2,088/mo are absorbed by the tenant base without meaningful lag.
What is the typical home price in Scituate, RI?
Homes in Scituate, RI typically sell near $591K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How strong is Scituate, RI for real estate investors?
Scituate, RI scores 3.0/5 for investability. Home values sit at $591K and rents near $2,088/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Can owner-occupants cash flow in Scituate, RI?
Scituate, RI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,088/mo rent level.
Where do rents currently stand in Scituate, RI?
The typical rental in Scituate, RI commands about $2,088/mo monthly. That rent profile predictable cash flow against the $591K purchase basis.
You know 02831 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02831 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 02831 ranks in Providence-Warwick, RI-MA
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