02889 — Kent County, Rhode Island Market Snapshot
Housing market data for zip code 02889 in Kent County, Rhode Island. Updated monthly with median prices, days on market, and more.
Market Sales Data
77 sales in 2026 (year to date)
Median Sale Price
$446,000
Days to Sell
33
Homes Sold
77
Inventory
56
Sale-to-List
101.8%
New Listings
113
Price/SqFt
$315
Pending Sales
92
Conforming Loan Available
Most homebuyers in 02889 can comfortably use conventional financing. The median home price of $446,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
02889's market is balanced with homes taking an average of 33 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 02889 (101.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 02889 can comfortably use conventional financing. The median home price of $446,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 02889 are set at the county level.
2026 Loan Limits — Kent County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $787,750 |
| 2 Units | $1,066,250 | $1,008,450 |
| 3 Units | $1,288,800 | $1,219,000 |
| 4 Units | $1,601,750 | $1,514,950 |
Affordability Snapshot — Zip 02889
To purchase the median home at $446,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,567.
Monthly Payment
$3,567
Income Required
$152,876
Principal & Interest
$2,748/mo
Down Payment (5%)
$22,300
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 02889.
Estimated Monthly Payment
$2,910
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 02889. Tell us what you're looking for.