Real Estate Investing in Woonsocket, Rhode Island (02895)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02895 (Woonsocket, 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: 10.1% vacancy may signal weakening demand.
What’s happening in Woonsocket, RI (02895)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02895 Woonsocket
The 02895 ZIP in Woonsocket, RI is a local-operator market. Outside capital chasing a $394K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $394K asset, 02895 is the wrong submarket. If the plan prices in friction, the yield can still work.
Meanwhile, 02895 offers a low basis, the region around Woonsocket has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A solid renter share of 62% in 02895 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 02895 is an operator game, not a passive one. Looking more closely, entry prices of $394K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Woonsocket:
Property Strategy for 02895
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $248,585 | $1,300 | 3.8% | +12.0% | $248,585 |
| 2BR | $327,105 | $1,600 | 3.5% | +9.8% | $163,553 |
| 3BR | $395,819 | $1,930 | 3.5% | +9.0% | $131,940 |
| 4BR | $412,500 | $2,300 | 4.0% | +9.2% | $103,125 |
| 5BR | $478,021 | — | — | +9.6% | $95,604 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02895 Compare?
| Metric | 02895 | Woonsocket | Rhode Island |
|---|---|---|---|
| Home Value | $393,501 | $393,501 | $487,363 |
| 5-Year CAGR | 6.5% | 6.5% | 8.8% |
| Avg Rent | $1,685 | $1,685 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 02895 (Woonsocket, RI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 02895 (Woonsocket, RI)?
~25 seconds · no account needed · your report is anonymous
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 | $393,501 |
| Monthly Rent | $1,685 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 Rent Trends
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +7.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 02895
Population: 43,081
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 02895
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
Frequently Asked Questions
What type of investing works in Woonsocket, RI?
For Woonsocket, RI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How does Woonsocket, RI rate as a rental market?
Yes - Woonsocket, RI a 3.0/5 investability score. With $394K home prices against $1,685/mo monthly rent, the market delivers a reasonable entry point for new investors.
What price range are homes in Woonsocket, RI?
Expect median prices around $394K in Woonsocket, RI. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Can I live-in-and-rent in Woonsocket, RI?
House hacking in Woonsocket, RI is reasonable to execute. Prices around $394K and rents of $1,685/mo solid owner-occupant economics.
Is it easy to find good tenants in Woonsocket, RI?
Woonsocket, RI draws a predictable base of working renters. Demand at the $1,685/mo rent level is reasonable for standard single-family and small multi rentals.
You know 02895 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02895 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 02895 ranks in Providence-Warwick, RI-MA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 02895 (Woonsocket)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 02895 (Woonsocket, RI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.