Real Estate Investing in Burrillville, Rhode Island (02858)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02858 (Burrillville, 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 29.3 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Burrillville, RI (02858)?
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Market Analysis: 02858 Burrillville
The 02858 ZIP in Burrillville, RI is a local-operator market. Outside capital chasing a $469K entry has to pair deep knowledge with the discount.
Looking more closely, the numbers look inviting — $469K purchase price, 0.0% nominal cap — the work to hit that pro forma in 02858 is substantial and deserves full respect.
Nearby ZIPs in Burrillville have seen price recovery that 02858 has not matched. Providence County data supports the view that the spread is structural rather than temporary.
Resident income in 02858 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 02858 is an operator game, not a passive one. Meanwhile, entry prices of $469K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Burrillville:
Market Trends
Home Value History (with trend line)
📊 How Does 02858 Compare?
| Metric | 02858 | Burrillville | Rhode Island |
|---|---|---|---|
| Home Value | $468,573 | $490,356 | $487,363 |
| 5-Year CAGR | 6.0% | 6.3% | 8.8% |
| Avg Rent | $1,332 | $1,467 | - |
| Cap Rate | 2.2% | 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 02858 (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 | $468,573 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 29.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 (2.2%). 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 02858
Population: 280
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 02858
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
How much rent can I charge in Burrillville, RI?
Rents in Burrillville, RI run near $1,332/mo. Compared with median home prices of $469K that produces solid gross yields for typical rentals.
What kind of vacancy should I budget for in Burrillville, RI?
Occupancy in Burrillville, RI runs steady with elevated vacancy. Well-priced units at $1,332/mo lease on reasonable timelines.
Is Burrillville in RI worth investing in?
Our data puts Burrillville, RI at 3.0/5 for investability. Home prices of $469K and rents around $1,332/mo create a solid backdrop for investor activity.
Does house hacking work in Burrillville, RI?
House hacking works a challenging in Burrillville, RI. Rents of $1,332/mo against $469K acquisition make the strategy solid for owner-occupants.
Are landlord laws favorable in Burrillville, RI?
Burrillville, RI operates under RI law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
You know 02858 now. You don’t know where it ranks.
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How 02858 ranks in Providence-Warwick, RI-MA
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