02896, North Smithfield, RI

The 2896 zip code of North Smithfield, RI is located in the southeastern corner of Rhode Island and includes a large swath of land that extends into Massachusetts. The area has a population of just over 21,000 people and median household income is just over $50,000. Home prices in this zip code have been on the rise for the past few years, with the average home price reaching $269,500 as of September 2017. This increase has been driven by strong demand from buyers and limited supply from sellers.

As of September 2017, there were 1,847 homes for sale in this zip code. Of these homes, 612 were single-family homes and 1,527 were condos or apartments. The majority (1,519) of homes for sale are located in the eastern half of the zip code while only 191 are located in the western half. This imbalance is likely due to zoning laws that restrict development in certain areas near Route 95 and other major transportation routes.

Despite this imbalance, there is still strong demand for properties in this zip code. As of September 2017 there were 473 active listings compared to 409 active listings one year earlier. This indicates that more buyers are looking to purchase properties in this area despite limited availability. In addition to strong demand from buyers, sellers have also had an easier time finding buyers interested in purchasing their home due to increasing home prices and low interest rates.

Overall, it appears that home prices will continue to rise in the 2896 zip code over the next few years as both buyers and sellers continue to compete for available properties.