Real Estate Investing in North Kingstown, Rhode Island (02852)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02852 (North Kingstown, RI)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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.
What’s happening in North Kingstown, RI (02852)?
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Market Analysis: 02852 North Kingstown
ZIP 02852 in North Kingstown, RI carries a durable set of headwinds. Home values near $644K and rents of $2,433/mo sit inside a market where underwriting has to be tight.
The 02852 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Looking more closely, 02852 offers a low basis, the region around North Kingstown has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 02852 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 02852 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 North Kingstown:
Property Strategy for 02852
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $345,072 | $1,440 | 3.0% | +3.5% | $345,072 |
| 2BR | $489,625 | $1,780 | 2.6% | +8.9% | $244,813 |
| 3BR | $580,023 | $2,150 | 2.7% | +9.1% | $193,341 |
| 4BR | $816,811 | $2,550 | 2.2% | +9.4% | $204,203 |
| 5BR | $934,641 | — | — | +9.8% | $186,928 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02852 Compare?
| Metric | 02852 | North Kingstown | Rhode Island |
|---|---|---|---|
| Home Value | $644,135 | $769,205 | $487,363 |
| 5-Year CAGR | 7.3% | 7.8% | 8.8% |
| Avg Rent | $2,433 | $2,063 | - |
| Cap Rate | 3.0% | 2.2% | - |
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 02852 (North Kingstown, RI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $644,135 |
| Monthly Rent | $2,433 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 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 (3.0%). 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 02852
Population: 23,269
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 02852
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
What are vacancy rates like in North Kingstown, RI?
North Kingstown, RI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is it easy to find good tenants in North Kingstown, RI?
Expect a solid tenant pool in North Kingstown, RI. The rental market absorbs $2,433/mo rents without meaningful friction.
What are rental rates like in North Kingstown, RI?
Investors in North Kingstown, RI typically see rents near $2,433/mo per month against $644K home values - a solid setup for rental cash flow.
How do landlord-tenant laws work in North Kingstown, RI?
North Kingstown, RI falls under RI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What price range are homes in North Kingstown, RI?
North Kingstown, RI median home values land near $644K. That is reasonable territory for investors looking at $2,433/mo-per-month rentals.
You know 02852 now. You don’t know where it ranks.
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How 02852 ranks in Providence-Warwick, RI-MA
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