HousingHandbookReference data

U.S. ZIP Code · RI02878

Newport County · Providence-Warwick, RI-MA

Typical home value

$555,116[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.9%
5-year / yr
+6.7%
10-year / yr
+7.5%

Relative price

vs U.S.
+95.4%
vs metro
+6.9%
vs state
+8.4%
ZIP 02878 location in RI
Location of ZIP 02878 in RI

Price history

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

The typical home in 02878 is worth $555,116 — 6.9% above the Providence-Warwick, RI-MA median. Over the past year, values have risen 2.9%. Homes here rent for a typical $2,433 a month — a 5.3% 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
$2,433[2]
Gross yield
5.3%[2]
Cap rate
3.2%[2]

#Property tax

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

Effective tax rate
1.2%[3]
Typical annual tax
$6,501[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
16,189[3]
Median household income
$106,036[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
5
Elementary
3
Middle
1
High
1
  • Tiverton Middle School

    Middle · Grades 5–8 · Tiverton

    488 students

  • Tiverton High School

    High · Grades 9–12 · Tiverton

    448 students

  • Ranger School

    Elementary · Grades PK–4 · Tiverton

    221 students

  • Pocasset School

    Elementary · Grades PK–4 · Tiverton

    191 students

  • Fort Barton School

    Elementary · Grades K–4 · Tiverton

    172 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.

Gross yield5.3%
Net yield (after ~40% expenses)3.2%
Annual rent$29,200

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.

Monthly payment$2,807
Loan principal$444,093
Down payment$111,023
Total interest paid$566,416

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.

Own : rent ratio1.57
Monthly cost to own$3,811
Monthly rent$2,433

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
51st percentile[1]
Rental yield
55th percentile[2]
Property tax
67th percentile[3]

Frequently asked

How much is a home worth in ZIP code 02878?
The typical home in 02878 is worth $555,116, based on the Zillow Home Value Index.
Are home values rising in 02878?
Home values in 02878 are up 2.9% over the past year, and up 6.7% a year over five years.
What is the typical rent in 02878?
A typical home in 02878 rents for about $2,433 a month, a gross rental yield of 5.3%.
What is the property tax rate in 02878?
The effective property tax rate in 02878 is 1.2% — roughly $6,501 a year on a typical home.
Who lives in 02878?
ZIP code 02878 has a population of 16,189 and a median household income of $106,036.

#Comparable ZIPs

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

  • Foster Center CDP, RI

    Typical home
    $555,458
    Gross yield
  • RI

    Typical home
    $556,518
    Gross yield
    5.9%
  • RI

    Typical home
    $564,733
    Gross yield
  • RI

    Typical home
    $543,764
    Gross yield
  • Harmony CDP, RI

    Typical home
    $540,372
    Gross yield
  • Attleboro, MA

    Typical home
    $539,001
    Gross yield
    5.0%

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