How much is a home worth in ZIP code 02871?

The typical home in 02871 is worth $684,359, based on the Zillow Home Value Index.

Are home values rising in 02871?

Home values in 02871 are up 3.3% over the past year, and up 6.7% a year over five years.

What is the typical rent in 02871?

A typical home in 02871 rents for about $3,288 a month, a gross rental yield of 5.8%.

What is the property tax rate in 02871?

The effective property tax rate in 02871 is 1.0% — roughly $6,929 a year on a typical home.

ZIP code 02871 has a population of 17,488 and a median household income of $116,831.

HousingHandbookReference data

…

U.S. ZIP Code · RI02871

Newport County · Providence-Warwick, RI-MA

Typical home value

$684,359^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.3%
5-year / yr: +6.7%
10-year / yr: +7.2%

Relative price

vs U.S.: +140.9%
vs metro: +31.8%
vs state: +33.6%

Price history

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

The typical home in 02871 is worth $684,359 — 31.8% above the Providence-Warwick, RI-MA median. Over the past year, values have risen 3.3%. Homes here rent for a typical $3,288 a month — a 5.8% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $3,288^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $6,929^[3]

#Climate risk

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

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

#Who lives here

Population: 17,488^[3]
Median household income: $116,831^[3]

#Migration

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

Net migration: -227^[5]
Moved in: 2,803
Moved out: 3,030

Schools

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

Public schools: 4
Elementary: 2
Middle: 1
High: 1

Portsmouth High School
High · Grades 9–12 · Portsmouth
790 students
Portsmouth Middle School
Middle · Grades 5–8 · Portsmouth
622 students
Howard Hathaway School
Elementary · Grades K–4 · Portsmouth
401 students
Melville School
Elementary · Grades PK–4 · Portsmouth
330 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 yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$39,460

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$3,460

Loan principal$547,487

Down payment$136,872

Total interest paid$698,289

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 ratio1.40

Monthly cost to own$4,607

Monthly rent$3,288

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: 49th percentile^[1]
Rental yield: 80th percentile^[2]
Property tax: 27th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for highest rental yield in RIView list →

Frequently asked

How much is a home worth in ZIP code 02871?: The typical home in 02871 is worth $684,359, based on the Zillow Home Value Index.
Are home values rising in 02871?: Home values in 02871 are up 3.3% over the past year, and up 6.7% a year over five years.
What is the typical rent in 02871?: A typical home in 02871 rents for about $3,288 a month, a gross rental yield of 5.8%.
What is the property tax rate in 02871?: The effective property tax rate in 02871 is 1.0% — roughly $6,929 a year on a typical home.
Who lives in 02871?: ZIP code 02871 has a population of 17,488 and a median household income of $116,831.

#Comparable ZIPs

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

02881 vs 02871 →
Kingston CDP, RI
Typical home
$688,806
Gross yield
—
02813 vs 02871 →
Charlestown CDP, RI
Typical home
$690,267
Gross yield
—
02748
Bliss Corner CDP, MA
Typical home
$673,398
Gross yield
3.6%
02790
North Westport CDP, MA
Typical home
$668,590
Gross yield
—
02769
MA
Typical home
$665,068
Gross yield
—
02763
North Attleborough Town, MA
Typical home
$663,040
Gross yield
—

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Pit ZIP 02871 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · RI02871

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