How much is a home worth in ZIP code 02886?

The typical home in 02886 is worth $421,996, based on the Zillow Home Value Index.

Are home values rising in 02886?

Home values in 02886 are up 3.3% over the past year, and up 7.0% a year over five years.

What is the typical rent in 02886?

A typical home in 02886 rents for about $2,350 a month, a gross rental yield of 6.7%.

What is the property tax rate in 02886?

The effective property tax rate in 02886 is 1.3% — roughly $5,506 a year on a typical home.

ZIP code 02886 has a population of 31,293 and a median household income of $92,047.

HousingHandbookReference data

…

U.S. ZIP Code · RI02886

Kent County · Providence-Warwick, RI-MA

Typical home value

$421,996^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.3%
5-year / yr: +7.0%
10-year / yr: +7.5%

Relative price

vs U.S.: +48.6%
vs metro: -18.8%
vs state: -17.6%

Price history

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

The typical home in 02886 is worth $421,996 — 18.8% below the Providence-Warwick, RI-MA median. Over the past year, values have risen 3.3%. Homes here rent for a typical $2,350 a month — a 6.7% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $2,350^[2]
Gross yield: 6.7%^[2]
Cap rate: 4.0%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $5,506^[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: 31,293^[3]
Median household income: $92,047^[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: 9
Elementary: 6
Middle: 1
High: 2

Toll Gate High School
High · Grades 9–12 · Warwick
1,149 students
Winman Middle School
Middle · Grades 6–8 · Warwick
715 students
Cedar Hill School
Elementary · Grades K–5 · Warwick
311 students
Robertson School
Elementary · Grades K–5 · Warwick
276 students
Greenwood School
Elementary · Grades K–5 · Warwick
253 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 yield6.7%

Net yield (after ~40% expenses)4.0%

Annual rent$28,200

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,134

Loan principal$337,597

Down payment$84,399

Total interest paid$430,586

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 ratio1.25

Monthly cost to own$2,943

Monthly rent$2,350

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: 61st percentile^[1]
Rental yield: 98th percentile^[2]
Property tax: 85th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 02886?: The typical home in 02886 is worth $421,996, based on the Zillow Home Value Index.
Are home values rising in 02886?: Home values in 02886 are up 3.3% over the past year, and up 7.0% a year over five years.
What is the typical rent in 02886?: A typical home in 02886 rents for about $2,350 a month, a gross rental yield of 6.7%.
What is the property tax rate in 02886?: The effective property tax rate in 02886 is 1.3% — roughly $5,506 a year on a typical home.
Who lives in 02886?: ZIP code 02886 has a population of 31,293 and a median household income of $92,047.

#Comparable ZIPs

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

02905 vs 02886 →
Providence, RI
Typical home
$420,785
Gross yield
5.3%
02740 vs 02886 →
New Bedford, MA
Typical home
$424,442
Gross yield
5.7%
02911
Providence, RI
Typical home
$418,322
Gross yield
5.3%
02914
East Providence, RI
Typical home
$425,924
Gross yield
—
02908
Providence, RI
Typical home
$414,853
Gross yield
6.5%
02746
New Bedford, MA
Typical home
$431,408
Gross yield
—

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#Jump to section

U.S. ZIP Code · RI02886

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