Zip 02871 (Portsmouth, RI) Housing

The housing market in 02871 Portsmouth, RI reflects the US national trend of increasing home values. The median value of a house in this area is $571,900, compared to the US median value of $338,100. Additionally, houses in this area have experienced an appreciation rate of 10.78% over the past year, which is higher than the national average appreciation rate of 8.27%. This suggests that now may be a great time to invest in property in 02871 Portsmouth, RI as prices are likely to continue to increase.

The median home cost in Portsmouth (zip 02871) is $571,900. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Portsmouth (zip 02871) is up 16.0%.

Average Age of Homes

- The median age of Portsmouth (zip 02871) real estate is 44 years old

The Rental Market in Portsmouth (zip 02871)

- Renters make up 22.5% of the Portsmouth (zip 02871) population
- 0.7% of houses and apartments in Portsmouth (zip 02871), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Portsmouth, Rhode Island	United States
	8,212.0	139,647,020.0
	48	42
	$571,900	$338,100
	16.0%	16.6%
	60.5%	57.0%
	91.2%	101.1%
	$12.96	$10.98
	$5,244	$2,690
	70.9%	57.4%
	12.4%	11.2%
	16.8%	31.4%
Vacant Housing
	0.7%	1.9%
	0.6%	0.4%
	3.6%	0.7%
	0.0%	0.4%
	6.0%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	0.9%	2.4%
	0.1%	2.8%
	0.2%	3.9%
	0.7%	4.5%
	2.7%	11.3%
	4.0%	13.0%
	14.7%	20.1%
	25.9%	13.6%
	13.4%	8.3%
	26.9%	9.7%
	5.0%	3.9%
	2.3%	2.2%
	1.4%	0.8%
	1.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.5%	13.6%
	10.5%	13.6%
	9.2%	13.6%
	15.2%	13.2%
	13.7%	14.8%
	9.2%	13.6%
	10.7%	10.0%
	7.9%	4.7%
	13.0%	12.2%

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