ZIP 02886 - 860Z200US02886 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 02886 for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in a vibrant part of Rhode Island, this ZIP code offers a mix of suburban appeal and economic stability. With data from 2023, this snapshot provides a clear view of population trends, income levels, housing metrics, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 02886.

Population & Households

ZIP 02886 is home to a population of 30,925 residents as of 2023, making it a moderately sized community with a strong residential base. This population is distributed across 13,121 households, reflecting a community with a mix of family and individual living arrangements. The total number of housing units stands at 13,669, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

Economic stability is a key draw for ZIP 02886, with a median household income of $91,037 in 2023. This figure points to a relatively affluent community, offering a solid foundation for local businesses and a comfortable lifestyle for residents. Housing costs align with this income level, with a median house value of $334,400—a price point that reflects a competitive yet accessible market for homebuyers. For renters, the median rent is $1,300 per month, providing a more affordable option compared to purchasing in this area. These metrics suggest that ZIP 02886 strikes a balance between cost and quality of living, appealing to a range of budgets.

Race & Ethnicity

The demographic makeup of ZIP 02886 is predominantly White, with 84.73% of the population identifying as such in 2023. Other racial and ethnic groups contribute to the area’s diversity, including Hispanic or Latino residents at 4.97%, Asian residents at 4.16%, and Black or African American residents at 1.85%. This composition indicates a primarily homogeneous community with pockets of cultural diversity, which can influence local businesses, schools, and community dynamics. For those prioritizing cultural fit or market diversity, these figures provide a starting point for understanding the social fabric of ZIP 02886.

Key Facts

• Total population in ZIP 02886: 30,925 residents as of 2023.
• Total households: 13,121, supporting a mix of family and solo living.
• Total housing units: 13,669, with a small surplus of available properties.
• Median household income: $91,037, indicating economic stability.
• Median house value: $334,400, reflecting a competitive housing market.
• Median rent: $1,300, offering a more affordable housing option.
• Racial composition: 84.73% White, 4.97% Hispanic, 4.16% Asian, 1.85% Black.

What This Means for You

For homebuyers, ZIP 02886 offers a stable housing market with a median home value of $334,400, which is attainable for many given the area’s strong median income of $91,037. The slight surplus of housing units (13,669 total versus 13,121 households) could mean less competition for available properties. Real estate investors and agents might find opportunities in this surplus, particularly for rental properties, as the median rent of $1,300 suggests steady demand from non-homeowners. Small-business owners can benefit from a relatively affluent customer base, with disposable income to support local goods and services—consider targeting family-oriented or suburban-focused offerings given the household density. Analysts can use these demographics to assess growth potential, noting the area’s diversity (albeit limited) and economic indicators as predictors of future trends. Across all groups, ZIP 02886 presents a balanced, opportunity-rich environment for personal and professional growth.

Run This Study Yourself

• Curious about diving deeper into ZIP 02886 or another area? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to uncover detailed metrics on population, income, housing costs, and more—tailored to your needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business in the area.