02812, Carolina, RI

The 2812 zip code of Carolina, Rhode Island has a median home value of $157,000. This is significantly higher than the statewide median home value of $146,500. The 2812 zip code also has a higher than average percentage of homes with a mortgage at 66%. This indicates that homeowners in this area are more likely to have access to financing for their home purchase than homeowners statewide.

One reason why the 2812 zip code may have a higher median home value is because it is located in an affluent area. The 2812 zip code has a population that is over 95% white and over 85% college educated. These are both demographics that are associated with high income levels. Additionally, the 2812 zip code has low unemployment rates and high incomes compared to other areas in Rhode Island. These factors may contribute to the high median home values in this area.

Another factor that may contribute to the high median home values in the 2812 zip code is its low number of homes for sale. There are only 116 homes for sale in this area which means that there is limited competition for buyers who want to purchase a home here. This may lead to increased prices for homes in this area.