The story of this market
The typical home in ZIP 02882 sells for about $884,720, or $435 per square foot.
Prices are up +4.6% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,705 a month.
ZIP 02882 — Narragansett
The 02882 housing market remains competitive, driven by high demand for coastal properties and limited inventory. While prices continue to appreciate, the pace has stabilized compared to the rapid growth seen in previous years. Buyers should be prepared for a high-cost environment with significant insurance considerations.
This ZIP is ideal for affluent families, retirees, and second-home buyers seeking coastal living, though it presents challenges for year-round renters due to seasonal market volatility.
Median prices moved up 4.6% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.7% · poverty 20.6% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 02882, Washington County RI
Crime rates in the Narragansett area are generally low, consistently ranking below national averages for both violent and property crime.
Public schools serving the area are part of the Narragansett School District, which is generally well-regarded for its academic performance and student-to-teacher ratios.
The area faces significant coastal flood and storm surge risks due to its proximity to the Atlantic Ocean and Narragansett Bay, impacting insurance premiums.
Economic momentum is driven by tourism, seasonal hospitality, and the University of Rhode Island's proximity, with limited large-scale industrial development.
Property taxes are assessed by the Town of Narragansett based on local mill rates applied to the appraised value of real estate, with exemptions available for seniors and veterans.
Commuters primarily rely on US Route 1 and RI-108 for access to Providence and other employment hubs, with limited public transit options available.
The area is defined by its extensive coastline, including Narragansett Town Beach, Scarborough State Beach, and numerous local parks, trails, and golf courses.
The rental market is heavily influenced by seasonal demand and the university population, leading to high vacancy pressure during off-peak months and limited long-term inventory.
The local economy is anchored by tourism, seasonal hospitality, and proximity to the University of Rhode Island, which provides a stable employment base.
Transportation is dominated by private vehicle use on major corridors like US Route 1, with minimal public transit infrastructure.
Development is strictly regulated due to coastal conservation efforts and zoning laws aimed at preserving the area's character.
The Town of Narragansett Assessor's office conducts periodic revaluations to ensure property assessments align with market values.
Parcels are subject to local municipal taxes and the Narragansett School District levy, with no major MUD/PID districts.
Property insurance premiums are elevated due to high exposure to coastal storm and flood risks.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Yawgoo Valley Ski Area4.28.5 mi
- Adventureland Family Fun Park4.22.1 mi
- Ryan Family Amusements- Newport4.410.9 mi
- Atlantic Beach Park4.516.6 mi
- Newport Vineyards4.214.4 mi
- Brick Alley Pub & Restaurant4.611 mi
- Ocean Mist4.53.3 mi
- Ryan Center4.66.6 mi
- Wide World of Indoor Sports4.414.7 mi
- The Breakers4.711.1 mi
- Fort Adams State Park4.69.7 mi
- Marble House4.710.5 mi
- Ninigret Park4.79.3 mi
- Bowen's Wharf4.710.8 mi
- The Breakers4.711.1 mi
- Marble House4.710.5 mi
- The Elms4.710.8 mi
- International Tennis Hall of Fame4.711 mi
- Newport Car Museum4.916 mi
- Fort Adams State Park4.69.7 mi
- Ninigret Park4.79.3 mi
- Cliff Walk – South End4.810.1 mi
- Cliff Walk4.811.6 mi
- Beavertail State Park4.96.1 mi
- Bowen's Wharf4.710.8 mi
- New York Yacht Club Harbour Court4.79.9 mi
- Goat Island Marina4.610.5 mi
- Newport Yachting Center Marina4.710.8 mi
- BIG WEATHER GEAR4.611 mi
- Laurel Lane Country Club4.38.7 mi
- Meadow Brook Golf Course4.211.6 mi
- Beaver River Golf Club4.210.2 mi
- Jamestown Golf Course4.49.8 mi
- Pinecrest Golf Course4.79.9 mi
- Bowen's Wharf4.710.8 mi
- Dave's Fresh Marketplace/Wickford4.712 mi
- Wicked Tulips - North Kingstown RI4.79.8 mi
- Shaw's4.23.2 mi
- Shaw's4.212.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A premier public beach and major local attraction.
Historic lighthouse serving as a key coastal landmark.
Popular camping and recreational area.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the published ten-year series (2026) (within 12.5%).