Rental numbers for Washington County, RI
The typical home here runs -$3,011 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.2%.
- Gross yield
- 4.2%
- typical home, Zillow
- Median ZIP yield
- 4.2%
- 5 ZIPs with full data
- Cash flow
- -$3,011/mo
- at 7.78%, 25% down
- Typical price
- $690,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,397/mo
- Zillow ZORI, Aug 2026
ZIP codes in Washington County
18 with published figures
| 02898Richmond | $500,000 | $1,960* | 4.7% | 1.1% | -$2,221 | n/a |
| 02804Hopkinton | $465,000 | $1,790* | 4.6% | 1.2% | -$2,055 | n/a |
| 02892Richmond | $602,000 | $2,270* | 4.5% | 1.2% | -$2,642 | n/a |
| 02812Richmond | $533,000 | $1,980* | 4.5% | 1.1% | -$2,393 | n/a |
| 02852North Kingstown | $641,000 | $2,358 | 4.4% | 1.2% | -$2,809 | n/a |
| 02894Richmond | $499,000 | $1,820* | 4.4% | 0.9% | -$2,332 | n/a |
| 02873Hopkinton | $513,000 | $1,840* | 4.3% | 0.4% | -$2,587 | n/a |
| 02813Charlestown | $706,000 | $2,500 | 4.3% | 1.7% | -$2,823 | n/a |
| 02822Exeter | $623,000 | $2,190* | 4.2% | 1.1% | -$2,802 | n/a |
| 02879South Kingstown | $739,000 | $2,593 | 4.2% | 1.3% | -$3,161 | +8.9% |
| 02833Hopkinton | $503,000 | $1,730* | 4.1% | 0.4% | -$2,547 | n/a |
| 02808Bradford | $445,000 | $1,480* | 4.0% | 1.0% | -$2,018 | n/a |
| 02891Westerly | $637,000 | $2,097 | 4.0% | 1.2% | -$2,817 | +4.0% |
| 02832Hopkinton | $503,000 | $1,650* | 3.9% | 0.4% | -$2,551 | n/a |
| 02882Narragansett | $884,000 | $2,769 | 3.8% | 1.3% | -$3,788 | n/a |
| 02881South Kingstown | $693,000 | $1,850* | 3.2% | 0.5% | -$3,432 | n/a |
| 02874North Kingstown | $888,000 | $1,880* | 2.5% | -0.2% | -$4,903 | n/a |
| 02807New Shoreham | $1,840,000 | $1,880* | 1.2% | -0.4% | -$10,557 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +5.8%
- Rent, 12 months
- +5.4%
- Rent minus price growth
- -0.5 pts
- Property tax
- 1.00%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $499,092 | $1,723 |
| Aug 2022 | $565,313 | $1,916 |
| Aug 2023 | $589,846 | $2,051 |
| Aug 2024 | $623,020 | $2,180 |
| Aug 2025 | $651,977 | $2,275 |
| Aug 2026 | $689,899 | $2,397 |
HUD Fair Market Rent
FY2027, Providence-Fall River, RI-MA HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,423 | $1,509 | $1,879 | $2,302 | $2,615 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 5.5
- 290 units, last 12 months
- National percentile
- 51th
- among US counties
Tools
Test a listing in Washington County against today's rate.
Open the calculatorPart of the Providence, RI metro.
Questions
- Is Washington County good for rental property?
- The typical home here runs -$3,011 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.2%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Washington County?
- About 1.00% of value, from Census ACS median taxes paid over median home value. On a $690,000 home that is about $6,892 a year.
- What is Fair Market Rent in Washington County?
- HUD's FY2027 Fair Market Rent here is $1,509 for a 1-bedroom, $1,879 for a 2-bedroom and $2,302 for a 3-bedroom. Typical cash flow at today's rate is -$3,011 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.