ZIP Code · RI

ZIP 02895

Part of Woonsocket, RI

Pop. 43,521·Providence County·31st most expensive ZIP in Rhode Island

Median rent (all units)

$1,577/mo

Year-over-Year

+2.8%

Month-over-Month

Stable

vs US Median

-$355

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 02895 · $1,577

More affordable than 67% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,220

1 BR

$1,300

2 BR

$1,600

3 BR

$1,930

4 BR+

$2,300

Research median

$1,600/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 02895 usually run 1.2% below trend in February and 0.9% above it in June, about $33 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 02895 is 1.2% below its high of $1,596 in May 2026, at $1,577 as of September 2026.

Past year vs. the rest of Rhode Island

Rent in ZIP 02895 changed +2.8% over the year to September 2026. Across the 25 Rhode Island ZIP codes Zillow tracks, the typical change was +4.8%.

Recent direction

Rent has fallen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($61,059) is $1,526 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,300); a 2-bedroom is $1,600.

From Zillow's monthly rent index (ZORI) for ZIP 02895. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,924/yr

At $1,577/mo median

Location

CityWoonsocket

StateRI

CountyProvidence County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.8% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 02895 (Woonsocket, RI) is majority renter-occupied, has a median income below the national average, 19.8% of residents hold a bachelor's degree or higher.

Population

43,521

Median income

$61,059

Median age

35.7

Renters

62.8%

Age distribution

23.3%

25.3%

24.4%

12.3%

14.7%

Under 1823.3%

18–3425.3%

35–5424.4%

55–6412.3%

65+14.7%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

56.5%

25.5%

White56.5%

Black7.1%

Hispanic25.5%

Asian7%

Other3.9%

Education (25+)

17.4%

36.9%

26%

19.8%

No HS diploma17.4%

HS diploma36.9%

Some college26%

Bachelor's+19.8%

Housing tenure

37.2%

62.8%

Owner37.2%

Renter62.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 02895 in Woonsocket, RI has changed in 5 years

Rent

$1,171 → $1,577

up 34.7%

Income

$48,882 → $61,059

up 24.9%

Population

43,177 → 43,521

up 0.8%

Renter share

62.3% → 62.8%

+0.5 pts

Bachelor's+

19.6% → 19.8%

+0.2 pts

Across the past five years, the going rent in ZIP 02895 in Woonsocket, RI has shifted from $1,171 to $1,577, up 34.7% since 2022. Household income in the area moved from $48,882 to $61,059 across the same window, up 24.9% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Reading these numbers side by side helps frame whether current listings in ZIP 02895 in Woonsocket, RI look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 02895

Last updated: October 17, 2026

ZIP code 02895 covers Woonsocket, RI. The median rent here is $1,577/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,600/mo.

At 31% of local median household income ($61,059/yr), ZIP 02895 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02895?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,577/mo in ZIP 02895. The local median household income is $61,059/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 02895?

Rent in ZIP 02895 has risen 2.8% over the past year as of September 2026. It sits 1.2% below its high of $1,596 in May 2026.

When is the cheapest time to rent in ZIP 02895?

Asking rents in ZIP 02895 are usually lowest in February, about 1.2% below their yearly trend, and highest in June, about 0.9% above it. At today's median that is a gap of roughly $33 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 02895 compare to other ZIPs in Rhode Island?

ZIP 02895 is one of the more affordable among Rhode Island ZIP codes for rent, ranking #31 of 32 at $1,577/mo. Over the year to September 2026, rent in ZIP 02895 changed +2.8%, against a typical +4.8% across the 25 Rhode Island ZIP codes Zillow tracks.