Real Estate Investing in Johnston, Rhode Island (02919)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02919 (Johnston, 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.
No major risk flags on the data we track.
What’s happening in Johnston, RI (02919)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02919 Johnston
Not every below-median market is a bargain. Johnston's 02919 ZIP records signals that favor experienced operators who can absorb the risk $460K pricing implies.
Rent of $1,910/mo on a $460K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 02919 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 02919 among RI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 02919 ZIP's population of 29,473 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategy in 02919 is an operator game, not a passive one. From an investor standpoint, entry prices of $460K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Johnston:
Property Strategy for 02919
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $271,781 | $1,400 | 3.7% | +9.9% | $271,781 |
| 2BR | $355,224 | $1,720 | 3.5% | +9.6% | $177,612 |
| 3BR | $454,946 | $2,080 | 3.3% | +8.9% | $151,649 |
| 4BR | $512,271 | $2,470 | 3.5% | +9.1% | $128,068 |
| 5BR | $542,349 | — | — | +9.3% | $108,470 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02919 Compare?
| Metric | 02919 | Johnston | Rhode Island |
|---|---|---|---|
| Home Value | $460,235 | $460,235 | $487,363 |
| 5-Year CAGR | 6.7% | 6.7% | 8.8% |
| Avg Rent | $1,910 | $1,910 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 02919 (Johnston, RI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 02919 (Johnston, 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 | $460,235 |
| Monthly Rent | $1,910 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.2%). 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 02919
Population: 29,473
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 02919
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
How much does a house cost in Johnston, RI?
In Johnston, RI the median home value sits at $460K. Against the broader RI market, that reads as reasonable for most investors.
Does Johnston, RI favor landlords or tenants?
Johnston, RI operates under RI law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
What real estate strategy is ideal for Johnston, RI?
Johnston, RI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($460K prices, $1,910/mo rents) make it a reasonable choice.
Does house hacking make sense in Johnston, RI?
House hacking in Johnston, RI is reasonable to execute. Prices around $460K and rents of $1,910/mo solid owner-occupant economics.
What is the tenant pool like in Johnston, RI?
Expect a solid tenant pool in Johnston, RI. The rental market absorbs $1,910/mo rents without meaningful friction.
You know 02919 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02919 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 02919 ranks in Providence-Warwick, RI-MA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 02919 (Johnston)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 02919 (Johnston, RI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.