How much is a home worth in ZIP code 02893?

The typical home in 02893 is worth $402,801, based on the Zillow Home Value Index.

Are home values rising in 02893?

Home values in 02893 are up 4.2% over the past year, and up 7.6% a year over five years.

What is the typical rent in 02893?

A typical home in 02893 rents for about $1,848 a month, a gross rental yield of 5.5%.

What is the property tax rate in 02893?

The effective property tax rate in 02893 is 1.5% — roughly $6,093 a year on a typical home.

ZIP code 02893 has a population of 31,173 and a median household income of $77,608.

HousingHandbookReference data

…

U.S. ZIP Code · RI02893

Kent County · Providence-Warwick, RI-MA

Typical home value

$402,801^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.2%
5-year / yr: +7.6%
10-year / yr: +8.5%

Relative price

vs U.S.: +41.8%
vs metro: -22.5%
vs state: -21.4%

Price history

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

The typical home in 02893 is worth $402,801 — 22.5% below the Providence-Warwick, RI-MA median. Over the past year, values have risen 4.2%. Homes here rent for a typical $1,848 a month — a 5.5% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $1,848^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $6,093^[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: 31,173^[3]
Median household income: $77,608^[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: 6
Elementary: 3
Middle: 1
High: 1

West Warwick High School
High · Grades 9–12 · West Warwick
1,072 students
John F. Deering Middle
Middle · Grades 5–8 · West Warwick
1,049 students
John F. Horgan School
Elementary · Grades K–4 · West Warwick
481 students
Greenbush Elementary School
Elementary · Grades K–4 · West Warwick
446 students
Wakefield Hills El. School
Elementary · Grades K–4 · West Warwick
397 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 yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$22,180

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$2,037

Loan principal$322,241

Down payment$80,560

Total interest paid$411,000

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 ratio1.56

Monthly cost to own$2,879

Monthly rent$1,848

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: 82nd percentile^[1]
Rental yield: 70th percentile^[2]
Property tax: 100th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 02893?: The typical home in 02893 is worth $402,801, based on the Zillow Home Value Index.
Are home values rising in 02893?: Home values in 02893 are up 4.2% over the past year, and up 7.6% a year over five years.
What is the typical rent in 02893?: A typical home in 02893 rents for about $1,848 a month, a gross rental yield of 5.5%.
What is the property tax rate in 02893?: The effective property tax rate in 02893 is 1.5% — roughly $6,093 a year on a typical home.
Who lives in 02893?: ZIP code 02893 has a population of 31,173 and a median household income of $77,608.

#Comparable ZIPs

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

02910 vs 02893 →
Cranston, RI
Typical home
$405,839
Gross yield
6.1%
02861 vs 02893 →
Pawtucket, RI
Typical home
$399,142
Gross yield
5.5%
02907
Providence, RI
Typical home
$398,621
Gross yield
5.8%
02904
Providence, RI
Typical home
$397,965
Gross yield
5.5%
02888
Warwick, RI
Typical home
$411,059
Gross yield
—
02889
Warwick, RI
Typical home
$411,505
Gross yield
7.1%

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Pit ZIP 02893 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · RI02893

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