How much is a home worth in ZIP code 02048?

The typical home in 02048 is worth $715,355, based on the Zillow Home Value Index.

Are home values rising in 02048?

Home values in 02048 are up 2.1% over the past year, and up 6.2% a year over five years.

What is the typical rent in 02048?

A typical home in 02048 rents for about $2,741 a month, a gross rental yield of 4.6%.

What is the property tax rate in 02048?

The effective property tax rate in 02048 is 1.2% — roughly $8,278 a year on a typical home.

ZIP code 02048 has a population of 23,931 and a median household income of $125,273.

HousingHandbookReference data

…

U.S. ZIP Code · MA02048

Bristol County · Providence-Warwick, RI-MA

Typical home value

$715,355^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +6.2%
10-year / yr: +6.1%

Relative price

vs U.S.: +151.8%
vs metro: +37.7%
vs state: +16.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 02048 is worth $715,355 — 37.7% above the Providence-Warwick, RI-MA median. Over the past year, values have risen 2.1%. Homes here rent for a typical $2,741 a month — a 4.6% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,741^[2]
Gross yield: 4.6%^[2]
Cap rate: 2.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.2%^[3]
Typical annual tax: $8,278^[3]

#Climate risk

FEMA National Risk Index ratings for Bristol County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Moderate
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 23,931^[3]
Median household income: $125,273^[3]

#Migration

Household moves in and out of Bristol County over a year, from IRS tax-return data.

Net migration: +140^[5]
Moved in: 11,079
Moved out: 10,939

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 2
Middle: 1
High: 1

Mansfield High
High · Grades 9–12 · Mansfield
1,035 students
Harold L Qualters Middle
Middle · Grades 6–8 · Mansfield
786 students
Jordan/Jackson Elementary
Elementary · Grades 3–5 · Mansfield
738 students
Everett W Robinson
Elementary · Grades K–2 · Mansfield
712 students
Roland Green School
Prekindergarten · Grades PK · Mansfield
100 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.6%

Net yield (after ~40% expenses)2.8%

Annual rent$32,886

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,617

Loan principal$572,284

Down payment$143,071

Total interest paid$729,917

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.79

Monthly cost to own$4,905

Monthly rent$2,741

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 30th percentile^[1]
Rental yield: 20th percentile^[2]
Property tax: 63rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for fastest-growing in MAView list →

Frequently asked

How much is a home worth in ZIP code 02048?: The typical home in 02048 is worth $715,355, based on the Zillow Home Value Index.
Are home values rising in 02048?: Home values in 02048 are up 2.1% over the past year, and up 6.2% a year over five years.
What is the typical rent in 02048?: A typical home in 02048 rents for about $2,741 a month, a gross rental yield of 4.6%.
What is the property tax rate in 02048?: The effective property tax rate in 02048 is 1.2% — roughly $8,278 a year on a typical home.
Who lives in 02048?: ZIP code 02048 has a population of 23,931 and a median household income of $125,273.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

02818 vs 02048 →
Warwick, RI
Typical home
$718,931
Gross yield
4.0%
02879 vs 02048 →
Wakefield-Peace Dale CDP, RI
Typical home
$724,465
Gross yield
4.5%
02813
Charlestown CDP, RI
Typical home
$690,267
Gross yield
—
02881
Kingston CDP, RI
Typical home
$688,806
Gross yield
—
02871
Melville CDP, RI
Typical home
$684,359
Gross yield
5.8%
02748
Bliss Corner CDP, MA
Typical home
$673,398
Gross yield
3.6%

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Pit ZIP 02048 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MA02048

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