Real Estate Investing in Jamestown, Rhode Island (02835)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02835 (Jamestown, RI)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.7 — hard to cash-flow at these prices.
What’s happening in Jamestown, RI (02835)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02835 Jamestown
ZIP 02835 inside Newport County looks affordable on the surface — median value of $1.2M — but the discount exists for reasons that a careful buyer should understand before committing.
The 02835 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 02835 among RI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 02835 ZIP's population of 5,545 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 02835 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Jamestown:
Property Strategy for 02835
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $640,899 | $2,050 | 2.3% | +8.6% | $640,899 |
| 2BR | $805,086 | $2,530 | 2.3% | +9.3% | $402,543 |
| 3BR | $1,048,730 | $3,050 | 2.1% | +9.2% | $349,577 |
| 4BR | $1,490,181 | $3,630 | 1.8% | +9.5% | $372,545 |
| 5BR | $2,785,122 | — | — | +10.7% | $557,024 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02835 Compare?
| Metric | 02835 | Jamestown | Rhode Island |
|---|---|---|---|
| Home Value | $1,204,448 | $1,204,448 | $487,363 |
| 5-Year CAGR | 6.9% | 6.9% | 8.8% |
| Avg Rent | $3,500 | $3,500 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 02835 (Jamestown, RI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 02835 (Jamestown, RI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $1,204,448 |
| Monthly Rent | $3,500 |
| Price-to-Rent | 28.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.3%). 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 02835
Population: 5,545
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 02835
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
Do landlords face vacancy issues in Jamestown, RI?
Rental vacancy in Jamestown, RI is elevated. Investors should budget normal turnover but not chronic empty units.
What are home prices like in Jamestown, RI?
The median home value in Jamestown, RI is roughly $1.2M. That puts it reasonable relative to the RI statewide average.
How much do tenants pay in Jamestown, RI?
Expect rents around $3,500/mo per month in Jamestown, RI. With home values at $1.2M, the yield math works out to reasonable levels for rental investors.
Is rental property easy to operate in Jamestown, RI?
The landlord environment in Jamestown, RI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What strategy should investors use in Jamestown, RI?
A careful cash-flow rentals with hands-on management strategy Jamestown, RI best. The market produces stable results for that approach at the $1.2M price point.
You know 02835 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02835 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 02835 ranks in Providence-Warwick, RI-MA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 02835 (Jamestown)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 02835 (Jamestown, RI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.