02876, Slatersville, RI

The 2876 zip code of Slatersville, RI is located in the southeastern corner of Rhode Island and includes a population of just over 10,000 people. The median home value in this zip code is $119,900, which is slightly below the statewide median home value of $130,500. However, when compared to other zip codes in Rhode Island (which have a median home value of around $100,000), the home values in the 2876 zip code are quite high. This may be due to the fact that this area has a higher concentration of affluent residents than other parts of Rhode Island.

In addition to having a high median home value, the 2876 zip code also has a high rate of homeownership (77%). This is significantly higher than the statewide homeownership rate of 63%. One possible explanation for this high homeownership rate is that there are relatively few homes available for sale in this zip code (just under 1/3rd). In addition, many homes in this area are older and may be more difficult to sell due to their location or condition.

Despite these positive factors, there are some concerns associated with the2876 zip code. For example, although it has a high homeownership rate, there is evidence that housing prices have been increasing faster than wages over recent years. This could lead to problems for people who are trying to buy their first home or who are struggling to keep up with inflationary costs. Additionally, while Slatersville does have a relatively low unemployment rate (4%), it does tend to have higher rates of poverty and crime than other areas of Rhode Island.