Direct recent-lease rent history
Monthly overall-rent index; missing observations are not filled from another geography.
FIPS 44003 · population 171,456 · part of Providence, RI
The latest county-level Zillow ZORI is $2,289 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $1,318 | Kent County, RI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,402 | Kent County, RI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,729 | Kent County, RI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $2,087 | Kent County, RI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $2,480 | Kent County, RI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 44003. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Kent County’s tension is measured rent and gross yield against thin visible supply and inland-flood exposure. Investors who can verify parcel rent, tax, insurance and flood conditions should investigate; those relying on county averages, HUD standards or price momentum should be cautious. Vacancy, unit mix, insurance quotes and parcel flood exposure are not published, preventing stabilized cash-flow underwriting.
Zillow’s 2026-06 county measure puts median home value at $449,155, up 3.86% year over year, and median asking market rent at $2,289 monthly, up 5.88%. The supplied 6.12% gross yield is before costs, not net. The 1.35% effective property-tax rate is a carrying-cost input but cannot price a parcel. HUD’s two-bedroom FMR is a payment standard, not asking rent, and cannot substitute for market rent or generate yield. FHFA’s annual 2025 repeat-transaction HPI rose 5.34%; it confirms positive direction but is not a dollar value and cannot be combined with Zillow’s differently dated, differently measured change.
Realtor.com MLS evidence shows 248 active listings, down 6.6% year over year, a 31-day median marketing time, and 6.41% reduced. Its 122.63% pending-to-active ratio signals tight visible supply, but listings, pendings, marketing time and reductions are not closed sales or proof of buyer demand. Tax-return data show net migration of 338 households, while incoming movers’ average AGI was $3,249 below outgoing movers’; more households do not establish stronger renter or buyer budgets. QCEW covers county-workplace jobs, not resident employment; Trade, transportation, and utilities is the largest disclosed private supersector. Non-occupant purchase mortgages were 119 of 1,984 purchases, or 6%, not cash-buyer activity or investor ownership.
Modeled climate loss is 0.1% of building value per year, with inland flood dominant; it is a county model, not a parcel loss or insurance quote. The thesis can fail if flood exposure and insurance erase gross yield, listed supply does not translate into executable prices, or net migration does not become local housing demand. Next checks: property tax bills, flood maps and insurance, lease and sale comps, vacancy, expenses, and financing; without them, net yield, resale liquidity and tenant depth cannot be underwritten.
This view uses 5 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
For a household choosing among the selected direct-evidence ZIP/ZCTA matches in Kent County, the immediately relevant asking-rent question is how much budget flexibility is needed across the current observed range. Zillow ZORI, a typical observed asking-rent index, ran from $1,901 in 02893 to $2,742 in 02818 in June 2026: an $841 spread, with a $2,150 median across the selected matches. The county Zillow ZORI was $2,289, so it is a countywide benchmark rather than a substitute for those local observations. The practical choice is not simply low versus high rent: households should test whether a specific available unit's monthly charge, bedroom count, and lease terms fit their own income and desired location within this spread.
The three rent series answer different questions and should not be blended. In the 2024 ACS five-year survey, ZCTA median gross rent ranged from $1,203 to $1,431, while the county ACS figure was $1,327; these are survey estimates of reported gross rent, not current Zillow asking-rent observations. Separately, the FY2026 HUD two-bedroom administrative standard is $1,729 in every shown match. Relative to that bedroom-specific standard, the Zillow index runs from 110% to 159%. This comparison identifies the scale of the difference between a typical asking-rent index and the HUD standard; it does not convert either series into the other or establish what a particular unit will lease for.
ACS measures also frame affordability and vacancy conditions as separate decision inputs. The share of renter households with gross-rent burden of at least 30% ranged from 41.4% in 02818 to 51.7% in 02886, versus 49.5% countywide. The corresponding ACS vacancy estimates span from 3.6% at that high-burden endpoint to 6.2% in 02816; the county rate is 4.8%. The pairing of higher burden and lower vacancy at one displayed endpoint is descriptive, not evidence that either caused the other, and vacancy is not a count of units now available. A renter comparing listings should weigh the actual all-in payment against income while separately confirming availability, utilities, fees, and occupancy timing.
Coverage and geography constrain the reading. The selected set contains every eligible direct-ZORI ZIP/ZCTA match under the stated rule and covers 17,585 renter households, but it is not an exhaustive county inventory. ZIPs may cross county lines; ZIP-linked labels are mapped to the county through the largest HUD residential-address share, and Census ZCTAs are statistical areas rather than USPS delivery ZIPs. Before acting, verify the property's exact address and county, current asking rent and bedroom configuration, utility and parking charges, deposits and fees, lease length, income or program eligibility, availability date, and the condition disclosed for that exact unit.
All 5 eligible direct-evidence ZIP profiles are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 02893 | $1,901 | $1,303 | $1,729 | 42.7% | 5.9% | $76k | 99.9% |
| 02886 | $2,259 | $1,390 | $1,729 | 51.7% | 3.6% | $90k | 100.0% |
| 02816 | $2,047 | $1,203 | $1,729 | 47.9% | 6.2% | $82k | 100.0% |
| 02889 | $2,150 | $1,326 | $1,729 | 50.0% | 4.3% | $86k | 100.0% |
| 02818 | $2,742 | $1,431 | $1,729 | 41.4% | 4.8% | $110k | 100.0% |
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.095% of building value expected lost per year
$4,957 median annual bill
5,091 in · 4,753 out
$73,622 arriving · $76,871 leaving
119 of 1,984 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Kent County | 171,456 | $449k | $2,289 | 6.1% | inland flooding |
| Providence County | 664,854 | $460k | $2,110 | 5.5% | inland flooding |
| Bristol County | 582,270 | $557k | $2,040 | 4.4% | inland flooding |
| Washington County | 130,344 | $695k | $2,516 | 4.3% | inland flooding |
| Newport County | 84,657 | $800k | $3,135 | 4.7% | inland flooding |
| Bristol County | 50,490 | $662k | $2,271 | 4.1% | inland flooding |
No. It is a two-bedroom payment standard, while the published rent is median asking market rent.
No. It is a repeat-transaction appreciation index, not a home value.
It is based on non-occupant purchase mortgages and does not measure cash-buyer activity or total investor ownership.