The story of this market
The typical home in ZIP 02895 sells for about $418,000, or $235 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,161 a month.
ZIP 02895 — Woonsocket
The Woonsocket housing market is currently stable, characterized by a median sale price of $418,000 and a moderate supply of inventory. Demand remains consistent, though the market is sensitive to interest rate fluctuations and the affordability constraints of the local workforce. Recent sales data indicates a slight year-over-year price increase, reflecting a balanced but cautious environment.
This ZIP is well-suited for first-time homebuyers and investors seeking value in an established urban setting, as well as renters looking for proximity to Providence without the higher costs of the city center.
Median prices moved up 0.7% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
18% 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 6.8% · poverty 18.7% — 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 10.1%/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 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 02895, Woonsocket, RI
Woonsocket experiences crime rates that are generally higher than the Rhode Island state average, though it remains consistent with other older industrial cities in the region.
Public schools in Woonsocket are managed by the Woonsocket Education Department, which faces ongoing challenges regarding student performance and resource allocation compared to suburban districts.
The area has moderate exposure to flood risks near the Blackstone River and typical New England winter storm hazards; property insurance premiums are influenced by these regional climate factors.
Economic momentum is driven by efforts to revitalize the historic mill district and attract small-to-medium enterprises, though large-scale corporate development remains limited.
Property taxes are assessed by the City of Woonsocket based on a municipal tax rate applied to the assessed value of real estate, with specific exemptions available for owner-occupied primary residences.
Residents primarily commute via RI-146 and I-295 toward Providence, with travel times typically ranging from 25 to 40 minutes depending on traffic.
The area features access to the Blackstone River Bikeway, several municipal parks like Cass Park, and proximity to local shopping centers along the Diamond Hill Road corridor.
The rental market is characterized by high demand for multi-family units, with vacancy rates remaining low due to the city's role as an affordable housing hub for the region.
The local economy is anchored by healthcare, manufacturing, and retail services, with many residents commuting to the broader Providence-Warwick metropolitan area for employment.
The city is served by RIPTA bus routes and is positioned near major highway corridors including RI-146 and I-295, facilitating regional connectivity.
Development efforts are focused on the rehabilitation of historic properties and infrastructure improvements along the Blackstone River corridor.
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Parcels are subject to municipal property taxes and standard utility districts for water and sewer services provided by the city.
Property insurance costs are influenced by the age of the housing stock and regional flood risk assessments for the Blackstone River basin.
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Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
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.
- Supercharged Entertainment4.511.3 mi
- Urban Air Trampoline and Adventure Park4.56.4 mi
- United Skates of America4.312.8 mi
- R1 Indoor Karting | Time Mission, Dart City, Mission Box & Axe Bar4.69.5 mi
- Dave & Buster's Providence4.212.8 mi
- Gillette Stadium4.614.2 mi
- The Xfinity Center4.215.1 mi
- Supercharged Entertainment4.511.3 mi
- Patriot Place4.614 mi
- Amica Mutual Pavilion4.413.1 mi
- Bally's Lincoln3.98.4 mi
- Southwick's Zoo4.75.8 mi
- Urban Air Trampoline and Adventure Park4.56.4 mi
- Lincoln Woods State Park4.68.2 mi
- Mendon Twin Drive-In4.58 mi
- RISD Museum4.713.1 mi
- Providence Children's Museum4.613.7 mi
- The Providence Athenaeum4.813.2 mi
- The WaterFire Arts Center4.712.5 mi
- AS220's Empire Street Complex4.513.3 mi
- Lincoln Woods State Park4.68.2 mi
- Slater Memorial Park4.612.4 mi
- Prospect Terrace4.712.9 mi
- Waterplace Park4.712.9 mi
- North Attleboro WW1 Memorial Park4.710.2 mi
- Point Breeze4.216.9 mi
- East Providence Yacht Club4.314.2 mi
- Rhode Island Yacht Club4.617.3 mi
- Fore Kicks Sports Complex and Golf Course4.512.7 mi
- Shining Rock Golf Club4.212.7 mi
- Blissful Meadows Golf Club.4.58.9 mi
- Kirkbrae Country Club4.64.5 mi
- Triggs Memorial Golf Course4.211.8 mi
- Wrentham Village Premium Outlets4.58.7 mi
- Providence Place4.412.8 mi
- Emerald Square Mall49.1 mi
- Shaw's4.210.5 mi
- Dave's Fresh Marketplace/Cumberland4.66.8 mi
- Rhode Island T.F. Green International Airport4.419.6 mi
- Worcester Regional Airport4.626.2 mi
- Boston Skydive Center55.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A scenic multi-use path connecting Woonsocket to neighboring towns along the river.
A major municipal park offering sports fields, playgrounds, and community space.
Highlights the industrial history of the Blackstone Valley.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).