How much is a home worth in ZIP code 02864?

The typical home in 02864 is worth $519,310, based on the Zillow Home Value Index.

Are home values rising in 02864?

Home values in 02864 are up 3.1% over the past year, and up 6.3% a year over five years.

What is the typical rent in 02864?

A typical home in 02864 rents for about $2,234 a month, a gross rental yield of 5.2%.

What is the property tax rate in 02864?

The effective property tax rate in 02864 is 1.2% — roughly $5,973 a year on a typical home.

ZIP code 02864 has a population of 36,820 and a median household income of $117,522.

HousingHandbookReference data

…

U.S. ZIP Code · RI02864

Providence County · Providence-Warwick, RI-MA

Typical home value

$519,310^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.1%
5-year / yr: +6.3%
10-year / yr: +7.1%

Relative price

vs U.S.: +82.8%
vs metro: ≈ metro median
vs state: +1.4%

Price history

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

The typical home in 02864 is worth $519,310. Over the past year, values have risen 3.1%. Homes here rent for a typical $2,234 a month — a 5.2% 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: $2,234^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $5,973^[3]

#Climate risk

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

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

#Who lives here

Population: 36,820^[3]
Median household income: $117,522^[3]

#Migration

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

Net migration: -138^[5]
Moved in: 14,188
Moved out: 14,326

Schools

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

Public schools: 13
Elementary: 8
Middle: 2
High: 2

Cumberland High School
High · Grades 9–12 · Cumberland
1,418 students
Community School
Elementary · Grades K–5 · Cumberland
672 students
North Cumberland Middle
Middle · Grades 6–8 · Cumberland
631 students
Joseph L. McCourt MS
Middle · Grades 6–8 · Cumberland
461 students
John J. McLaughlin Cumberland
Elementary · Grades K–5 · Cumberland
431 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 yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$26,812

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$2,626

Loan principal$415,448

Down payment$103,862

Total interest paid$529,881

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 ratio1.59

Monthly cost to own$3,556

Monthly rent$2,234

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: 33rd percentile^[1]
Rental yield: 53rd percentile^[2]
Property tax: 59th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for most populous in RIView list →

Frequently asked

How much is a home worth in ZIP code 02864?: The typical home in 02864 is worth $519,310, based on the Zillow Home Value Index.
Are home values rising in 02864?: Home values in 02864 are up 3.1% over the past year, and up 6.3% a year over five years.
What is the typical rent in 02864?: A typical home in 02864 rents for about $2,234 a month, a gross rental yield of 5.2%.
What is the property tax rate in 02864?: The effective property tax rate in 02864 is 1.2% — roughly $5,973 a year on a typical home.
Who lives in 02864?: ZIP code 02864 has a population of 36,820 and a median household income of $117,522.

#Comparable ZIPs

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

02917 vs 02864 →
Greenville CDP, RI
Typical home
$519,411
Gross yield
—
02780 vs 02864 →
Taunton, MA
Typical home
$518,042
Gross yield
4.6%
02777
Ocean Grove CDP, MA
Typical home
$516,896
Gross yield
—
02828
Greenville CDP, RI
Typical home
$523,797
Gross yield
—
02896
RI
Typical home
$513,860
Gross yield
—
02812
Carolina CDP, RI
Typical home
$525,341
Gross yield
—

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#Jump to section

U.S. ZIP Code · RI02864

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