02895, Woonsocket, RI

The 2895 zip code of Woonsocket, RI is located in the southeastern part of the state and includes a population of approximately 17,000. The median household income in this zip code is $40,000, which is lower than the statewide median household income of $51,046. The unemployment rate in this zip code is 7.5%, which is higher than the statewide unemployment rate of 6.3%.

Home equity and home prices are important factors to consider when looking at purchasing a home in Woonsocket. According to Zillow’s 2018 Home Value Index report, the average home value in this zip code is $128,200. This figure represents an increase of 2% from 2017 and 12% from 2016. In addition, Zillow reports that the average home value in this zip code has increased by an average of 5% each year since 2013.

While these figures indicate that there has been an increase in home values over the past few years, it's important to keep in mind that they are still relatively low when compared to other areas of the country. For example, according to Trulia's 2018 Home Values report ,the average home value in ZIP Code 90260 (which includes parts of Los Angeles) is $1 million . Therefore, if you're looking for a property that will offer you a higher return on your investment than what can be found in Woonsocket, it may be worth considering purchasing a house outside of this area.