The story of this market
The typical home in ZIP 02898 sells for about $858,950, or $335 per square foot.
Prices are up +4.2% 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 $2,150 a month.
ZIP 02898 — Richmond
The 02898 housing market is characterized by extremely tight inventory and high price points, reflecting a persistent demand for rural, single-family properties. While sales volume remains low due to limited supply, prices have continued to appreciate steadily. The market remains stable as buyers prioritize space and quality of life over proximity to urban centers.
This ZIP is best suited for families and professionals seeking a quiet, rural lifestyle with easy highway access to larger employment centers, while offering more space than typical suburban environments.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 2.1 months of supply — a fast-moving market.
12% 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 1.1% · poverty 7.0% — 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 11.8%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 02898, Washington County RI
Wyoming is a rural village within Richmond, RI, generally characterized by low crime rates consistent with the quiet, semi-rural nature of Washington County.
Public schools serving the area are part of the Chariho Regional School District, which is generally well-regarded for its academic performance and community-focused environment.
The area is subject to standard New England weather risks, including winter storms and potential localized flooding near the Wood River; property insurance remains stable but reflects regional coastal-proximity adjustments.
Economic momentum is driven by its proximity to major employment hubs in Providence and the University of Rhode Island, with limited new large-scale commercial development in the immediate village core.
Property taxes are assessed at the municipal level by the Town of Richmond, which utilizes a standard mill rate applied to the assessed value of real property.
Residents primarily rely on personal vehicles for commuting, with I-95 providing the main artery for travel toward Providence or the Connecticut border.
The area offers significant outdoor amenities, including access to the Wood River for fishing and kayaking, as well as proximity to Arcadia Management Area for hiking and trails.
The rental market is limited in depth due to the predominantly owner-occupied, single-family housing stock, leading to low vacancy pressure and steady demand.
The local economy is largely supported by small businesses, agricultural interests, and the service sector, with many residents commuting to larger regional employers in the Providence metro area.
Transportation is heavily car-dependent, with I-95 serving as the primary corridor for regional connectivity.
Development is strictly managed by local zoning to preserve the rural character of the village, with no major high-density projects currently in the pipeline.
The Town of Richmond Assessor's office manages property valuations, with periodic revaluations conducted to ensure tax equity.
Parcels are subject to the Chariho Regional School District tax levy and standard municipal service districts.
Property insurance premiums are generally stable, though proximity to wooded areas may influence wildfire risk ratings for specific parcels.
Data retrieved from Census Reporter/ACS 2024 5-year tables for ZCTA 02898.
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, CT3.814.5 mi
- Yawgoo Valley Ski Area4.27.9 mi
- Launch Family Entertainment Warwick4.417.3 mi
- Urban Air Trampoline and Adventure Park4.615.7 mi
- Adventureland Family Fun Park4.211.7 mi
- Foxwoods Resort Casino4.314.7 mi
- Ocean Mist4.511.5 mi
- Brick Alley Pub & Restaurant4.618.9 mi
- Ryan Center4.67.5 mi
- Wide World of Indoor Sports4.414.2 mi
- Ninigret Park4.79.2 mi
- Narragansett Town Beach4.612.6 mi
- East Matunuck State Beach4.612 mi
- Burlingame State Park4.38.8 mi
- Wicked Tulips - North Kingstown RI4.79.5 mi
- The Breakers4.719.9 mi
- Mystic Seaport Museum4.617.9 mi
- Marble House4.719.6 mi
- The Elms4.719.3 mi
- International Tennis Hall of Fame4.719.3 mi
- Ninigret Park4.79.2 mi
- Burlingame State Park4.38.8 mi
- Ryan Park4.611 mi
- Wilson Park4.712.4 mi
- North Kingstown Town Beach4.612.8 mi
- Bowen's Wharf4.718.8 mi
- Harbor Lights Dining Events Golf Marina4.419.5 mi
- New York Yacht Club Harbour Court4.718.4 mi
- Goat Island Marina4.618.4 mi
- Mystic Downtown Marina4.718.6 mi
- Laurel Lane Country Club4.34.1 mi
- Meadow Brook Golf Course4.20.8 mi
- Fenner Hill Golf Club4.42.4 mi
- Elmridge Golf Course3.912.3 mi
- Beaver River Golf Club4.22.3 mi
- Dave's Fresh Marketplace/Wickford4.712 mi
- Wicked Tulips - North Kingstown RI4.79.5 mi
- Shaw's4.211.1 mi
- Marshalls & HomeGoods4.411.4 mi
- Belmont Market4.610.9 mi
- Rhode Island T.F. Green International Airport4.419.8 mi
- Boston Skydive Center530.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The largest recreational area in Rhode Island, offering extensive hiking, biking, and equestrian trails.
A popular destination for fly fishing, kayaking, and canoeing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.