Real Estate Investing in Burrillville, Rhode Island (02859)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02859 (Burrillville, RI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 29.0 — 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 Burrillville, RI (02859)?
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Market Analysis: 02859 Burrillville
From a cash-flow lens, ZIP 02859 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $481K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $481K asset, 02859 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 02859 sits on the difficult end of the RI spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 02859 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 02859 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 Burrillville:
Property Strategy for 02859
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $255,692 | $1,250 | 3.5% | +9.1% | $255,692 |
| 2BR | $387,748 | $1,540 | 2.9% | +8.5% | $193,874 |
| 3BR | $463,925 | $1,860 | 2.9% | +7.6% | $154,642 |
| 4BR | $503,614 | $2,210 | 3.2% | +7.5% | $125,903 |
Market Trends
Home Value History (with trend line)
📊 How Does 02859 Compare?
| Metric | 02859 | Burrillville | Rhode Island |
|---|---|---|---|
| Home Value | $481,484 | $490,356 | $487,363 |
| 5-Year CAGR | 6.5% | 6.3% | 8.8% |
| Avg Rent | $1,386 | $1,467 | - |
| Cap Rate | 2.3% | 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 02859 (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 | $481,484 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 02859
Population: 6,803
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 02859
Schools in This ZIP Code
About Repit School Scores
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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
What do rentals go for in Burrillville, RI?
Average rent in Burrillville, RI is approximately $1,386/mo per month. Against $481K home values that yields a reasonable rent-to-price ratio.
What kind of tenants rent in Burrillville, RI?
Tenant quality in Burrillville, RI ranks as solid. Landlords generally report reliable occupancy at market rents of $1,386/mo.
Should investors worry about vacancy in Burrillville, RI?
Vacancy in Burrillville, RI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,386/mo.
Does house hacking work in Burrillville, RI?
House hacking works a challenging in Burrillville, RI. Rents of $1,386/mo against $481K acquisition make the strategy solid for owner-occupants.
How strong is Burrillville, RI for real estate investors?
Burrillville, RI scores 3.0/5 for investability. Home values sit at $481K and rents near $1,386/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 02859 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02859 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 02859 ranks in Providence-Warwick, RI-MA
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