Real Estate Investing in Burrillville, Rhode Island (02839)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02839 (Burrillville, 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 vacancy: 13.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Burrillville, RI (02839)?
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Market Analysis: 02839 Burrillville
Not every below-median market is a bargain. Burrillville's 02839 ZIP clocks in at signals that favor experienced operators who can absorb the risk $515K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $515K asset, 02839 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 02839'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.
A substantial renter share of 26% in 02839 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 02839 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Burrillville:
Property Strategy for 02839
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $274,741 | $2,040 | 5.3% | — | $137,370 |
| 3BR | $512,463 | $2,460 | 3.5% | +7.9% | $170,821 |
| 4BR | $520,953 | $2,930 | 4.0% | +7.5% | $130,238 |
Market Trends
Home Value History (with trend line)
📊 How Does 02839 Compare?
| Metric | 02839 | Burrillville | Rhode Island |
|---|---|---|---|
| Home Value | $515,226 | $490,356 | $487,363 |
| 5-Year CAGR | 6.5% | 6.3% | 8.8% |
| Avg Rent | $1,836 | $1,467 | - |
| Cap Rate | 2.8% | 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 02839 (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 | $515,226 |
| Monthly Rent | $1,836 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 02839
Population: 1,690
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 02839
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Burrillville High School
Burrillville Middle School
Austin T. Levy School
William Callahan School
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
Frequently Asked Questions
Is real estate in Burrillville, RI a good investment right now?
Burrillville, RI rates 3.0/5 for investability. With median values at $515K and rents near $1,836/mo, the market offers reasonable fundamentals for rental investors.
What kind of vacancy should I budget for in Burrillville, RI?
Burrillville, RI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Burrillville, RI better for rentals, flips, or BRRRR?
For Burrillville, RI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How viable is house hacking in Burrillville, RI?
The house hack math a challenging in Burrillville, RI. Owner-occupant buyers benefit from the $1,836/mo rents and $515K home values.
How strong is tenant demand in Burrillville, RI?
Burrillville, RI draws a predictable base of working renters. Demand at the $1,836/mo rent level is reasonable for standard single-family and small multi rentals.
You know 02839 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02839 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 02839 ranks in Providence-Warwick, RI-MA
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