Real Estate Investing in Tiverton, Rhode Island (02878)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02878 (Tiverton, 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.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
What’s happening in Tiverton, RI (02878)?
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Market Analysis: 02878 Tiverton
Looking more closely, ZIP 02878 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $558K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 02878 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Tiverton have seen price recovery that 02878 has not matched. Newport County data supports the view that the spread is structural rather than temporary.
The demographic picture in 02878 includes headwinds that any investor should price in. Income distribution skews lower than Tiverton averages, and tenant stability requires active management.
trends toward 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 Tiverton:
Property Strategy for 02878
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $378,005 | $1,510 | 2.9% | +8.1% | $378,005 |
| 2BR | $443,828 | $1,980 | 3.2% | +9.0% | $221,914 |
| 3BR | $542,091 | $2,650 | 3.5% | +9.1% | $180,697 |
| 4BR | $736,495 | $3,000 | 2.9% | +10.2% | $184,124 |
| 5BR | $1,057,938 | — | — | +12.0% | $211,588 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02878 Compare?
| Metric | 02878 | Tiverton | Rhode Island |
|---|---|---|---|
| Home Value | $557,558 | $557,558 | $487,363 |
| 5-Year CAGR | 6.4% | 6.4% | 8.8% |
| Avg Rent | $2,231 | $2,231 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 02878 (Tiverton, RI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $557,558 |
| Monthly Rent | $2,231 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 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 (3.1%). 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 02878
Population: 16,260
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 02878
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 3,250 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How qualified is the tenant pool in Tiverton, RI?
The tenant pool in Tiverton, RI is solid, supported by local employment and population fundamentals. Rents of $2,231/mo are well-absorbed by the market.
Is Tiverton in RI worth investing in?
Our data puts Tiverton, RI at 3.0/5 for investability. Home prices of $558K and rents around $2,231/mo create a solid backdrop for investor activity.
What approach is best for Tiverton, RI real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Tiverton, RI. The numbers - $558K homes against $2,231/mo rents - support that play.
How quickly do rentals get leased in Tiverton, RI?
Tiverton, RI carries elevated vacancy risk. Expect reliable absorption at market rents of $2,231/mo.
Is rental property easy to operate in Tiverton, RI?
Landlord-friendliness in Tiverton, RI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 02878 now. You don’t know where it ranks.
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How 02878 ranks in Providence-Warwick, RI-MA
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