How much is a home worth in ZIP code 02818?

The typical home in 02818 is worth $718,931, based on the Zillow Home Value Index.

Are home values rising in 02818?

Home values in 02818 are up 3.7% over the past year, and up 8.5% a year over five years.

What is the typical rent in 02818?

A typical home in 02818 rents for about $2,417 a month, a gross rental yield of 4.0%.

What is the property tax rate in 02818?

The effective property tax rate in 02818 is 1.5% — roughly $10,620 a year on a typical home.

ZIP code 02818 has a population of 19,786 and a median household income of $139,217.

HousingHandbookReference data

…

U.S. ZIP Code · RI02818

Kent County · Providence-Warwick, RI-MA

Typical home value

$718,931^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.7%
5-year / yr: +8.5%
10-year / yr: +7.0%

Relative price

vs U.S.: +153.1%
vs metro: +38.4%
vs state: +40.3%

Price history

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

The typical home in 02818 is worth $718,931 — 38.4% above the Providence-Warwick, RI-MA median. Over the past year, values have risen 3.7%. Homes here rent for a typical $2,417 a month — a 4.0% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $2,417^[2]
Gross yield: 4.0%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $10,620^[3]

#Climate risk

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

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

#Who lives here

Population: 19,786^[3]
Median household income: $139,217^[3]

#Migration

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

Net migration: +311^[5]
Moved in: 5,091
Moved out: 4,780

Schools

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

Public schools: 6
Elementary: 4
Middle: 1
High: 1

East Greenwich High
High · Grades 9–12 · East Greenwich
742 students
Archie R. Cole MS
Middle · Grades 6–8 · East Greenwich
612 students
Meadowbrook Farms School
Elementary · Grades PK–2 · East Greenwich
307 students
Frenchtown School
Elementary · Grades K–2 · East Greenwich
288 students
James H. Eldredge School
Elementary · Grades 3–5 · East Greenwich
279 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 yield4.0%

Net yield (after ~40% expenses)2.4%

Annual rent$29,000

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$3,635

Loan principal$575,145

Down payment$143,786

Total interest paid$733,566

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 ratio2.12

Monthly cost to own$5,121

Monthly rent$2,417

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: 97th percentile^[1]
Rental yield: 8th percentile^[2]
Property tax: 98th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 02818?: The typical home in 02818 is worth $718,931, based on the Zillow Home Value Index.
Are home values rising in 02818?: Home values in 02818 are up 3.7% over the past year, and up 8.5% a year over five years.
What is the typical rent in 02818?: A typical home in 02818 rents for about $2,417 a month, a gross rental yield of 4.0%.
What is the property tax rate in 02818?: The effective property tax rate in 02818 is 1.5% — roughly $10,620 a year on a typical home.
Who lives in 02818?: ZIP code 02818 has a population of 19,786 and a median household income of $139,217.

#Comparable ZIPs

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

02048 vs 02818 →
Mansfield Center CDP, MA
Typical home
$715,355
Gross yield
4.6%
02879 vs 02818 →
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%
02842
Newport East CDP, RI
Typical home
$758,022
Gross yield
4.9%

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#Jump to section

U.S. ZIP Code · RI02818

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