How much is a home worth in ZIP code 02891?

The typical home in 02891 is worth $624,268, based on the Zillow Home Value Index.

Are home values rising in 02891?

Home values in 02891 are up 8.2% over the past year, and up 8.0% a year over five years.

What is the typical rent in 02891?

A typical home in 02891 rents for about $1,946 a month, a gross rental yield of 3.7%.

What is the property tax rate in 02891?

The effective property tax rate in 02891 is 0.8% — roughly $4,994 a year on a typical home.

ZIP code 02891 has a population of 21,587 and a median household income of $97,110.

HousingHandbookReference data

…

U.S. ZIP Code · RI02891

Washington County · Providence-Warwick, RI-MA

Typical home value

$624,268^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +8.2%
5-year / yr: +8.0%
10-year / yr: +7.3%

Relative price

vs U.S.: +119.8%
vs metro: +20.2%
vs state: +21.9%

Price history

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

The typical home in 02891 is worth $624,268 — 20.2% above the Providence-Warwick, RI-MA median. Over the past year, values have risen 8.2%. Homes here rent for a typical $1,946 a month — a 3.7% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,946^[2]
Gross yield: 3.7%^[2]
Cap rate: 2.2%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,994^[3]

#Climate risk

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

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

#Who lives here

Population: 21,587^[3]
Median household income: $97,110^[3]

#Migration

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

Net migration: -216^[5]
Moved in: 3,375
Moved out: 3,591

Schools

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

Public schools: 6
Elementary: 3
Middle: 1
High: 1

Westerly High School
High · Grades 9–12 · Westerly
692 students
Westerly Middle School
Middle · Grades 5–8 · Westerly
649 students
Dunn's Corners School
Elementary · Grades K–4 · Westerly
270 students
Springbrook Elementary School
Elementary · Grades K–4 · Westerly
251 students
State Street School
Elementary · Grades K–4 · Westerly
232 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 yield3.7%

Net yield (after ~40% expenses)2.2%

Annual rent$23,350

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$3,157

Loan principal$499,414

Down payment$124,854

Total interest paid$636,975

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 ratio2.10

Monthly cost to own$4,093

Monthly rent$1,946

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: 91st percentile^[1]
Rental yield: 5th percentile^[2]
Property tax: 9th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 02891?: The typical home in 02891 is worth $624,268, based on the Zillow Home Value Index.
Are home values rising in 02891?: Home values in 02891 are up 8.2% over the past year, and up 8.0% a year over five years.
What is the typical rent in 02891?: A typical home in 02891 rents for about $1,946 a month, a gross rental yield of 3.7%.
What is the property tax rate in 02891?: The effective property tax rate in 02891 is 0.8% — roughly $4,994 a year on a typical home.
Who lives in 02891?: ZIP code 02891 has a population of 21,587 and a median household income of $97,110.

#Comparable ZIPs

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

02779 vs 02891 →
MA
Typical home
$629,474
Gross yield
—
02852 vs 02891 →
RI
Typical home
$632,026
Gross yield
—
02822
RI
Typical home
$615,580
Gross yield
—
02375
MA
Typical home
$633,639
Gross yield
—
02921
Cranston, RI
Typical home
$641,015
Gross yield
—
02760
North Attleborough Town, MA
Typical home
$605,688
Gross yield
4.7%

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Pit ZIP 02891 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · RI02891

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