The story of this market
The typical home in ZIP 02864 sells for about $535,000, or $329 per square foot.
Prices are down 7.8% from a year ago, which gives buyers more room to negotiate. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $2,230 a month.
ZIP 02864 — Cumberland
The housing market in 02864 shows signs of stabilization with a median sale price of $535,000 and a moderate inventory level. While year-over-year prices have seen a slight decline, the market remains competitive with a high sale-to-list ratio. Buyer behavior has shifted slightly, contributing to a balanced environment for both buyers and sellers.
This ZIP is well-suited for family buyers and commuters seeking a suburban environment with access to the Providence metro area.
Median prices moved down 7.8% year over year.
Homes spend a median of 30 days on market with 3.0 months of supply — a fast-moving market.
10% of listings have cut prices · homes sell at 106.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 4.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 02864, Providence County RI
The area is served by 13 schools, with the local district generally characterized by stable performance metrics.
The county's overall natural-hazard risk is rated as Relatively Moderate, with coldwave, heatwave, and icestorm identified as the top-rated hazards.
The area maintains a steady suburban economic profile with proximity to the Providence-Warwick employment core and ongoing residential activity.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Rhode Island) — Local Property Tax Assessment: Property is assessed at full and fair cash value. The tax is calculated by multiplying the assessed value by the local tax rate (mill rate). Municipalities may apply homestead exemptions or tax classifications (residential vs. commercial) as authorized by state law.
Residents primarily commute toward the Providence-Warwick employment core via regional highway corridors.
The area features local parks and green spaces, with access to regional shopping and dining districts within a short drive.
The rental market shows moderate depth with a median rent of $2,230; vacancy pressure remains relatively low.
The local economy is integrated into the broader Providence-Warwick metro area, featuring a mix of service, retail, and professional sectors.
The area is served by regional road networks connecting to the Providence-Warwick transit corridor.
Development activity is primarily focused on residential infill and suburban maintenance.
The Providence County assessment regime follows standard Rhode Island municipal property tax procedures.
Parcels are subject to municipal property taxes and standard school district funding allocations.
Property insurance premiums are influenced by regional hazard profiles, including moderate risks for winter weather events.
Data retrieved from US Census Bureau ACS tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
- Gillette Stadium4.611 mi
- The Xfinity Center4.29.7 mi
- Supercharged Entertainment4.57.4 mi
- Patriot Place4.610.8 mi
- Amica Mutual Pavilion4.410.3 mi
- Bally's Lincoln3.96.2 mi
- Roger Williams Park Zoo4.612.6 mi
- Southwick's Zoo4.711.2 mi
- RISD Museum4.710.1 mi
- Urban Air Trampoline and Adventure Park4.58 mi
- RISD Museum4.710.1 mi
- Providence Children's Museum4.610.8 mi
- The Providence Athenaeum4.810.1 mi
- The WaterFire Arts Center4.710 mi
- Children's Museum In Easton4.216.9 mi
- Lincoln Woods State Park4.65.3 mi
- Roger Williams Park4.712.4 mi
- Slater Memorial Park4.67.6 mi
- Prospect Terrace4.79.8 mi
- India Point Park4.710.7 mi
- Fore Kicks Sports Complex and Golf Course4.59.9 mi
- TPC Boston4.79.4 mi
- Kirkbrae Country Club4.63.4 mi
- Triggs Memorial Golf Course4.29.9 mi
- Wentworth Hills Country Club3.93.3 mi
- Wrentham Village Premium Outlets4.55.4 mi
- Providence Place4.49.9 mi
- Patriot Place4.610.8 mi
- Emerald Square Mall43.4 mi
- Rhode Island T.F. Green International Airport4.417.2 mi
- Boston Skydive Center55.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Serves as a central community hub.
Large recreational area with trails and open space.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).