02874, Saunderstown, RI

The 2874 zip code of Saunderstown, Rhode Island is home to a population of approximately 2,000 people. The median household income in this zip code is $68,000, and the median home value is $223,500. Over the past five years, the average annual rate of growth in home prices has been 8.5%. This indicates that there is a high demand for homes in this zip code and that buyers are willing to pay a higher price for properties here.

One reason why home values are high in the 2874 zip code of Saunderstown is because of its location. This area is close to both Providence and Newport Beach, which are two major cities with a lot of jobs and amenities. Additionally, this area has plenty of green space and natural beauty which contributes to its appeal as a place to live.

Another factor contributing to the high prices in the 2874 zip code of Saunderstown is the low supply of homes available for sale. There are only about 120 homes available for sale each year here, compared with an average of 1,200 homes available nationwide. This means that there is strong demand for properties in this zip code and that buyers have plenty of choice when it comes to where they want to buy a home.