Housing Insights for ZIP Code 02892 (West Kingston, RI)

Housing Summary for ZIP Code 02892

Homeowners

The median home value in ZIP Code 02892 (West Kingston, RI) is $327,500. Approximately 85.5% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.0%.

The average occupancy of owner-occupied units in ZIP Code 02892 is 2.88 occupants, while owner-occupied units have an aggregate average size of 3.16 bedrooms per housing unit.

Renters

In the 02892 ZIP Code, an estimated 14.5% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 0.0%.

Among renter-occupied units in this ZIP, the average occupancy is 2.66 occupants, while renters in this Washington County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 02892

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 02892.

ZIP 02892 Rhode Island U.S.
Median Home Value $327,500 $484,787 $364,385
Owner-Occupied Housing Units 85.5% 60.8% 64.0%
Homeowner Vacancy Rate 0.0% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.88 2.63 2.70
Average # of Bedrooms Per Unit 3.16 2.55 2.75
Median Housing Rent $0 $1,004 $1,062
Renter-Occupied Housing Units 14.5% 39.2% 36.0%
Rental Vacancy Rate 0.0% 5.7% 6.0%
Average Size of Renter-Occupied Unit 2.66 2.23 2.49
Percent of Income Spent on Rent 0% 29.52% 29.83%

Home Values in ZIP Code 02892 (West Kingston, RI)

The median home value in ZIP Code 02892 is $327,500. That median value is about 25% higher than the median home value of $261,900 in Rhode Island overall, and is 51% higher than the $217,500 the median home value in the entire U.S. In ZIP Code 02892, approximately 46.4% of homes are valued $300,000 to $499,999. That is 69% higher than in Rhode Island, in which 27.5% of homes are valued at $300,000 to $499,999, and is about 140% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 02892 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 02892

This chart visualizes the breakdown of home values in ZIP Code 02892, Rhode Island, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 02892 vs. home values in both the state of Rhode Island and in the U.S. overall.

Home Values in ZIP Code 02892

See the table below for a regional comparison of home values in ZIP Code 02892.

Home Value ZIP 02892 Rhode Island U.S.
Less than $50,000 2.9% 2.3% 6.9%
$50,000 to $99,999 2.0% 2.0% 12.0%
$100,000 to $149,999 1.8% 7.0% 13.3%
$150,000 to $199,999 8.2% 16.6% 14.0%
$200,000 to $299,999 26.7% 33.2% 19.6%
$300,000 to $499,999 46.4% 27.5% 19.3%
$500,000 to $999,999 12.1% 9.5% 11.4%
$1,000,000 or more 0.0% 2.0% 3.4%

Home Ages in ZIP Code 02892 (West Kingston, RI)

Approximately 24.6% of homes in this West Kingston, RI region were built in 1990 to 1999. This amount of homes built in 1990 to 1999 in ZIP Code 02892 is about 224% higher than percentage of homes built in this time period in Rhode Island overall (7.6% of homes), and is 77% higher the percentage (13.9% of homes) in the U.S. as a whole. Additionally, an esimated 23.0% of local homes were built in 1980 to 1989. On the other end of the scale, just 0.1% of homes in this Washington County ZIP Code were built in 2010 to 2013 in ZIP Code 02892. In comparison, 0.9% of homes in Rhode Island overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 02892

A detailed regional comparison of home ages in ZIP Code 02892.

Year Built ZIP 02892 Rhode Island U.S.
2014 or later 0.7% 0.7% 2.5%
2010 to 2013 0.1% 0.9% 2.7%
2000 to 2009 12.7% 6.1% 14.0%
1990 to 1999 24.6% 7.6% 13.9%
1980 to 1989 23.0% 11.3% 13.4%
1970 to 1979 20.8% 12.1% 15.2%
1960 to 1969 3.1% 11.6% 10.6%
1950 to 1959 6.8% 12.3% 10.3%
1940 to 1949 2.7% 7.1% 4.9%
1939 or earlier 5.4% 30.4% 12.6%

Age of Homes in ZIP Code 02892

See the chart below for details on the age of homes in ZIP Code 02892, Rhode Island, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 02892

Frequently asked questions about housing in this West Kingston, RI ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 02892.

1

What is the average home value ZIP Code 02892?

The median home value in ZIP Code 02892 (West Kingston, RI) is $327,500.
2

Are homes expensive in ZIP Code 02892?

The median home value in 02892 ($327,500) is an estimated 25% higher than the aggregate median value of $261,900 in Rhode Island, and is 51% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 02892?

The vacacy rate for owner-occupied housing in ZIP Code 02892 is 0.0%. This rate is 100% lower than the overall Rhode Island owner-occupied vacancy rate of 1.7%. Additionally, the 02892 vacancy rate is 100% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 02892 have older homes or newer construction?

In ZIP Code 02892, about 24.6% of homes were built in 1990 to 1999. That time range includes the most home construction. Also, 23.0% of homes in the region were built in 1980 to 1989. In contrast, 0.1% of homes in 02892 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 02892? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 02892 than renter-occupied housing. Owner-occupied units make up 85.5% of housing, compared to 14.5% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 02892?

The vacacy rate for rental units in ZIP Code 02892 is 0.0%. This rate is 100% lower than the overall Rhode Island vacancy rate of 5.7%. Additionally, the 02892 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.