Real Estate Investing in Scituate, Rhode Island (02857)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02857 (Scituate, 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.
- High price-to-rent: Price-to-rent ratio 26.6 — 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 Scituate, RI (02857)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02857 Scituate
ZIP 02857 inside Providence County looks affordable on the surface — median value of $554K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $554K asset, 02857 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 02857 sits on the difficult end of the RI spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 02857 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Scituate:
Property Strategy for 02857
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $427,401 | $1,930 | 3.3% | +7.6% | $213,700 |
| 3BR | $535,397 | $2,330 | 3.1% | +7.7% | $178,466 |
| 4BR | $621,541 | $2,770 | 3.2% | +8.2% | $155,385 |
| 5BR | $655,355 | — | — | +8.3% | $131,071 |
Market Trends
Home Value History (with trend line)
📊 How Does 02857 Compare?
| Metric | 02857 | Scituate | Rhode Island |
|---|---|---|---|
| Home Value | $554,020 | $558,312 | $487,363 |
| 5-Year CAGR | 5.8% | 5.1% | 8.8% |
| Avg Rent | $1,737 | $1,854 | - |
| Cap Rate | 2.5% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02857 (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 | $554,020 |
| Monthly Rent | $1,737 |
| Price-to-Rent | 26.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.5%). 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 02857
Population: 8,095
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 02857
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
What is the smart move for investors in Scituate, RI?
Most investors in Scituate, RI run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How qualified is the tenant pool in Scituate, RI?
The tenant pool in Scituate, RI is solid, supported by local employment and population fundamentals. Rents of $1,737/mo are well-absorbed by the market.
What is the rental occupancy rate in Scituate, RI?
Scituate, RI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How expensive is real estate in Scituate, RI?
The median home value in Scituate, RI is roughly $554K. That puts it reasonable relative to the RI statewide average.
What do rentals go for in Scituate, RI?
Rental rates in Scituate, RI average $1,737/mo. Tenant demand and $554K home values make the yield look reasonable by investor standards.
You know 02857 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02857 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 02857 ranks in Providence-Warwick, RI-MA
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