The story of this market
The typical home in ZIP 02738 sells for about $915,000, or $1,421 per square foot.
Prices are up +26.32% from a year ago, so sellers still have some momentum. Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,176 a month.
ZIP 02738 — Marion
The Little Compton market is characterized by high demand and extremely limited inventory, keeping prices elevated. Recent sales data shows homes selling near asking price, reflecting a balanced but expensive market. Growth is constrained by strict local zoning, which continues to limit new housing supply.
This ZIP is best suited for affluent buyers, retirees, and those seeking a quiet, rural coastal lifestyle, as the high price point and limited housing stock make it challenging for first-time buyers or commuters.
Median prices moved up 26.3% year over year.
Homes spend a median of 105 days on market with 3.2 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.7% · poverty 9.0% — 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 10.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 02837, Newport County RI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Little Compton maintains a very low crime rate, consistently ranking among the safest communities in Rhode Island with minimal reported violent or property crime.
The town is served by the Little Compton School District, which is generally well-regarded for its small class sizes and high academic performance within the state.
The area faces significant coastal flood and storm surge risks due to its geography, leading to high property insurance premiums and strict building requirements.
Economic growth is limited by strict zoning and a focus on preserving the town's rural, agricultural, and coastal character, with little large-scale commercial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Commuting typically requires a private vehicle, with residents often driving to nearby employment hubs in Newport or Fall River, Massachusetts.
The area is defined by its rural landscape, featuring extensive conservation land, public beaches like South Shore Beach, and historic village centers.
The rental market is extremely limited with very low inventory, often dominated by seasonal or high-end short-term rentals.
The local economy is primarily driven by agriculture, tourism, and high-end residential services, with many residents commuting to larger regional employment centers.
Public transit is virtually non-existent; the area relies entirely on road infrastructure for connectivity to the rest of Rhode Island.
Development is heavily restricted by town planning boards to preserve the rural character, with minimal new construction projects approved.
The town assessor manages property valuations, which are updated periodically to reflect market conditions in this high-value coastal market.
The area is served by the Little Compton School District and standard municipal utility districts.
Property insurance is costly and difficult to secure due to the high exposure to coastal storm and flood risks.
Data retrieved from data.census.gov ZCTA 02837 profile.
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.
- Water Wizz of Cape Cod4.46.4 mi
- Jellystone Park™ Cranberry Acres4.311 mi
- Nova Trampoline Park4.616.7 mi
- Sauchuk's Corn Maze & Pumpkin Patch4.719.2 mi
- Billy Beez Kingston Collection4.318.9 mi
- King Richard’s Faire3.710.3 mi
- Cisco Kitchen & Bar4.59.9 mi
- Flying Bridge Restaurant4.412.9 mi
- Fireside Grille4.217.7 mi
- Tavern On The Wharf4.118.8 mi
- Water Wizz of Cape Cod4.46.4 mi
- King Richard’s Faire3.710.3 mi
- New Bedford Whaling Museum4.89.8 mi
- Buttonwood Park Zoo4.511.3 mi
- AMC Dartmouth Mall 114.412.9 mi
- Plymouth Rock4.318.6 mi
- Plimoth Patuxet Museums4.617.9 mi
- Heritage Museums & Gardens4.813.1 mi
- New Bedford Whaling Museum4.89.8 mi
- Mayflower II4.518.7 mi
- Myles Standish State Forest4.511.9 mi
- Shawme-Crowell State Forest4.612.9 mi
- Thousand Trails Gateway to Cape Cod3.95.3 mi
- The Knob4.811.7 mi
- Fort Phoenix State Reservation4.69 mi
- Sandwich Marina4.713.7 mi
- Kingman Yacht Center4.77.3 mi
- East Wind Lobster and Grille4.37.6 mi
- Pope's Island Marina4.59.2 mi
- Fairhaven Shipyard Companies, Inc.4.49 mi
- Cape Cod Country Club4.611.2 mi
- Falmouth Country Club4.312.2 mi
- The Bay Pointe Club3.96.7 mi
- Acushnet River Valley4.17.4 mi
- Marion Golf Club4.61 mi
- Dartmouth Mall4.212.9 mi
- Lobster Trap Restaurant & Fish Market4.67.5 mi
- Wareham Crossing4.45.4 mi
- Shaw's4.211.6 mi
- Shaw's44.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A popular public coastal access point for residents.
A scenic nature area with walking trails.
Key-figure check: median price diverges 18.8% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $1,087,000 (18.8% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $1,087,000 (+18.8% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.