The story of this market
The typical home in ZIP 02875 sells for about $427,000, or $225 per square foot.
Prices are down 28.8% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,206 a month.
ZIP 02875 — Richmond
The housing market in 02875 is currently experiencing a significant price correction with a notable year-over-year decline. Low sales volume and limited inventory characterize this rural market, making it sensitive to broader regional economic shifts.
This ZIP code is best suited for those seeking a quiet, rural lifestyle, including retirees or individuals who work remotely and prefer a low-density environment.
Median prices moved down 28.8% year over year.
Homes spend a median of 45 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 0.0% — a stable, low-distress profile.
ZCTA 02875, Washington County RI
Property taxes are assessed at the local municipal level in Washington County, Rhode Island, based on property valuations.
Residents typically rely on personal vehicles for commuting, with access to regional routes connecting to employment hubs in the Providence metro area.
The area features rural landscapes and proximity to local parks and natural areas within Richmond and Shannock.
The rental market is limited in depth due to the small population size and rural nature of the ZIP code.
The local economy is primarily rural with limited commercial activity, relying on nearby regional centers for employment.
Transportation is primarily automobile-dependent with no significant public transit infrastructure.
Parcels are subject to local municipal and school district taxation.
Data retrieved from US Census Bureau ZCTA 02875 profile.
- Great Wolf Lodge | Mashantucket, CT3.816.3 mi
- Yawgoo Valley Ski Area4.27.3 mi
- Urban Air Trampoline and Adventure Park4.617.8 mi
- Launch Family Entertainment Warwick4.419.5 mi
- Adventureland Family Fun Park4.28.6 mi
- Foxwoods Resort Casino4.316.6 mi
- Ocean Mist4.57.4 mi
- Brick Alley Pub & Restaurant4.617 mi
- Newport Vineyards4.219.7 mi
- Ryan Center4.65.9 mi
- Ninigret Park4.75.7 mi
- Narragansett Town Beach4.69.7 mi
- East Matunuck State Beach4.68.1 mi
- Beavertail State Park4.912.6 mi
- Point Judith Lighthouse4.410.5 mi
- The Breakers4.717.8 mi
- Mystic Seaport Museum4.618 mi
- Marble House4.717.4 mi
- The Elms4.717.3 mi
- International Tennis Hall of Fame4.717.3 mi
- Ninigret Park4.75.7 mi
- Beavertail State Park4.912.6 mi
- Burlingame State Park4.36.2 mi
- Fishermen's Memorial State Park and Campground4.49.4 mi
- Ryan Park4.611 mi
- Bowen's Wharf4.716.9 mi
- New York Yacht Club Harbour Court4.716.3 mi
- Goat Island Marina4.616.5 mi
- Mystic Downtown Marina4.718.6 mi
- Newport Yachting Center Marina4.716.9 mi
- Winnapaug Country Club4.111.3 mi
- Laurel Lane Country Club4.33.1 mi
- Meadow Brook Golf Course4.23.5 mi
- Fenner Hill Golf Club4.45.1 mi
- Elmridge Golf Course3.912.2 mi
- Dave's Fresh Marketplace/Wickford4.712.2 mi
- Wicked Tulips - North Kingstown RI4.79.3 mi
- Shaw's4.28.3 mi
- Marshalls & HomeGoods4.48.2 mi
- Belmont Market4.67.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides access to outdoor recreation in a low-density setting.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).