The story of this market
The typical home in ZIP 02898 sells for about $858,950, or $215 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $2,200 a month.
ZIP 02898 — Richmond
The housing market in 02898 remains stable with low inventory and high owner-occupancy, reflecting a tight, desirable rural market. Prices have seen steady year-over-year growth, driven by limited supply and strong local income levels. Note that specific monthly sales counts and active listing figures are based on current market snapshots and may fluctuate.
This ZIP is ideal for families and professionals seeking a quiet, rural lifestyle with high homeownership rates and a strong sense of community, while still being within reach of regional employment centers.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.1% · poverty 7.0% — 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 5.4%/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 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 02898, Washington County RI
Crime rates in the Wyoming area of Richmond are generally low, consistent with the rural character of Washington County and significantly lower than the national average.
Schools serving this area are part of the Chariho Regional School District, which is generally well-regarded for its academic performance and community-focused programming.
The area is primarily inland and faces low risk from coastal storm surges, though it is subject to standard New England weather patterns including heavy winter snow and occasional high winds.
Economic momentum is driven by the surrounding Washington County region, with a mix of retail, manufacturing, and education sectors; development remains modest and focused on maintaining the area's rural character.
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.
Commuting typically requires a personal vehicle, with residents traveling toward employment hubs in Providence or South Kingstown via I-95 and local state routes.
The area offers significant access to outdoor recreation, including the Wood River for fishing and kayaking, nearby state management areas for hiking, and local golf courses within a short drive.
The rental market is limited due to the high owner-occupancy rate, with most available units being single-family homes; vacancy pressure is low.
The local economy is supported by a mix of retail trade, manufacturing, and educational services, with many residents commuting to larger employment hubs in the Providence-Warwick metro area.
Transportation is heavily reliant on private vehicles, with I-95 serving as the primary corridor for regional travel.
Development is limited and primarily focused on residential infill, with no major large-scale commercial projects currently under construction.
The Washington County assessment regime is managed at the municipal level, with properties revalued periodically to reflect market conditions.
Parcels are served by the Chariho Regional School District and local municipal utility services.
Property insurance premiums are stable, reflecting the area's low-risk profile for major natural disasters compared to coastal Rhode Island.
Data retrieved from Census Bureau ZCTA-level 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.
- Great Wolf Lodge | Mashantucket, CT3.814.5 mi
- Yawgoo Valley Ski Area4.27.9 mi
- Launch Family Entertainment Warwick4.417.3 mi
- Urban Air Trampoline and Adventure Park4.615.7 mi
- Adventureland Family Fun Park4.211.7 mi
- Foxwoods Resort Casino4.314.7 mi
- Ocean Mist4.511.5 mi
- Brick Alley Pub & Restaurant4.618.9 mi
- Ryan Center4.67.5 mi
- Wide World of Indoor Sports4.414.2 mi
- Ninigret Park4.79.2 mi
- Narragansett Town Beach4.612.6 mi
- East Matunuck State Beach4.612 mi
- Burlingame State Park4.38.8 mi
- Wicked Tulips - North Kingstown RI4.79.5 mi
- The Breakers4.719.9 mi
- Mystic Seaport Museum4.617.9 mi
- Marble House4.719.6 mi
- The Elms4.719.3 mi
- International Tennis Hall of Fame4.719.3 mi
- Ninigret Park4.79.2 mi
- Burlingame State Park4.38.8 mi
- Ryan Park4.611 mi
- Wilson Park4.712.4 mi
- North Kingstown Town Beach4.612.8 mi
- Bowen's Wharf4.718.8 mi
- Harbor Lights Dining Events Golf Marina4.419.5 mi
- New York Yacht Club Harbour Court4.718.4 mi
- Goat Island Marina4.618.4 mi
- Mystic Downtown Marina4.718.6 mi
- Laurel Lane Country Club4.34.1 mi
- Meadow Brook Golf Course4.20.8 mi
- Fenner Hill Golf Club4.42.4 mi
- Elmridge Golf Course3.912.3 mi
- Beaver River Golf Club4.22.3 mi
- Dave's Fresh Marketplace/Wickford4.712 mi
- Wicked Tulips - North Kingstown RI4.79.5 mi
- Shaw's4.211.1 mi
- Marshalls & HomeGoods4.411.4 mi
- Belmont Market4.610.9 mi
- Rhode Island T.F. Green International Airport4.419.8 mi
- Boston Skydive Center530.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular for kayaking, fishing, and scenic recreation.
Large state-managed forest offering extensive hiking and biking trails.
Key-figure check: median price diverges 50.6% from the nearest retained anchor (published ten-year series (2025)) — 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 $424,300 (50.6% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration.