The story of this market
The typical home in ZIP 02892 sells for about $410,000, or $212 per square foot.
Prices are down 2.45% from a year ago, which gives buyers more room to negotiate. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,673 a month.
ZIP 02892 — South Kingstown
The housing market in 02892 shows stable demand with a median home value of $479,600. While year-over-year prices have seen a slight decline, the market remains balanced with a 100% sale-to-list ratio. Inventory levels and days on market suggest a steady pace of activity for buyers and sellers.
This ZIP is well-suited for families and commuters seeking a balance between suburban living and access to the Providence-Warwick metro area's employment and amenities.
Median prices moved down 2.5% year over year.
Homes spend a median of 33 days on market with 3.5 months of supply — a fast-moving market.
26% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 1.2% — a stable, low-distress 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 6.0%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 02892
Crime trends in the area are generally stable and compare favorably to the broader Providence-Warwick metropolitan region.
The area is served by public schools that generally maintain average to above-average performance ratings within the state system.
The region faces standard New England climate risks, including seasonal winter storms and potential flood exposure in low-lying areas near water bodies.
Economic momentum is driven by proximity to the Providence-Warwick employment corridor, with a mix of local services and regional healthcare and education employers.
Property taxes are assessed at the municipal level based on local mill rates applied to the assessed value of real estate, with standard exemptions available for owner-occupants.
Residents typically face a 33-minute mean commute, with primary access to the Providence-Warwick employment core via regional highway corridors.
The area offers access to local parks, walking trails, and proximity to regional shopping districts and waterfront amenities within a short drive.
The rental market shows stable demand with moderate vacancy pressure, reflecting a mix of long-term residents and regional commuters.
The local economy is anchored by the broader Providence-Warwick metro area, featuring a diverse mix of healthcare, education, and service-sector employers.
The area is served by major highway corridors facilitating regional transit, with limited public transit options compared to the urban core.
Development is primarily focused on residential infill and small-scale commercial improvements within existing zoning frameworks.
The county appraisal district conducts periodic revaluations to ensure property assessments align with current market values.
Parcels are subject to municipal property taxes and standard regional school and utility district levies.
Property insurance premiums are influenced by regional hazard profiles, including coastal and storm-related risks common to Rhode Island.
Rhode Island operates as a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard real estate disclosure form detailing the condition of the property at the time of sale.
Data retrieved from Census Reporter and data.census.gov for ZCTA 02892.
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.
- Great Wolf Lodge | Mashantucket, CT3.818 mi
- Yawgoo Valley Ski Area4.24.4 mi
- Launch Family Entertainment Warwick4.416.3 mi
- Urban Air Trampoline and Adventure Park4.614.5 mi
- Adventureland Family Fun Park4.28.1 mi
- Foxwoods Resort Casino4.318.3 mi
- Topgolf Rhode Island4.319.4 mi
- Brick Alley Pub & Restaurant4.615.2 mi
- Ocean Mist4.59 mi
- Newport Vineyards4.217.5 mi
- Ninigret Park4.78.9 mi
- Narragansett Town Beach4.68.9 mi
- Beavertail State Park4.911.3 mi
- East Matunuck State Beach4.69.2 mi
- Point Judith Lighthouse4.411.4 mi
- The Breakers4.716.1 mi
- Marble House4.715.8 mi
- The Elms4.715.5 mi
- International Tennis Hall of Fame4.715.5 mi
- Newport Car Museum4.917.7 mi
- Ninigret Park4.78.9 mi
- Beavertail State Park4.911.3 mi
- Burlingame State Park4.39.4 mi
- Fishermen's Memorial State Park and Campground4.410 mi
- Fort Wetherill State Park4.713 mi
- Bowen's Wharf4.715.1 mi
- Harbor Lights Dining Events Golf Marina4.417.5 mi
- New York Yacht Club Harbour Court4.714.7 mi
- Goat Island Marina4.614.6 mi
- Newport Yachting Center Marina4.715.1 mi
- Laurel Lane Country Club4.30.4 mi
- Meadow Brook Golf Course4.23.1 mi
- North Kingstown Golf Course4.111.6 mi
- Fenner Hill Golf Club4.45.9 mi
- Beaver River Golf Club4.21.5 mi
- Dave's Fresh Marketplace/Wickford4.79.2 mi
- Dave's Fresh Marketplace/East Greenwich4.712.8 mi
- Wicked Tulips - North Kingstown RI4.76.3 mi
- Shaw's4.27.4 mi
- Marshalls & HomeGoods4.47.8 mi
- Rhode Island T.F. Green International Airport4.418.3 mi
- Boston Skydive Center530.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides green space and recreational facilities for local residents.
Accessible retail and dining options within the surrounding area.
Key-figure check: median price diverges 17.0% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $479,600 (+17% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.