Counties / Rhode Island / Kent County

Kent County, RI

FIPS 44003 · population 171,456 · part of Providence, RI

$449k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in Kent County, 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.

County Zillow ZORI$2,2892026-06 · up 5.9% year over year
County ACS gross rent$1,327ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$1,729FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in Kent County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$1,318Kent County, RIHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$1,402Kent County, RIHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$1,729Kent County, RIHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$2,087Kent County, RIHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$2,480Kent County, RIHUD 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

The numbers

What this county costs and earns

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 home value
$449k
▲ 3.9% year over year
Zillow ZHVI · direct
Median asking rent
$2,289
▲ 5.9% year over year
Zillow ZORI · direct
Gross yield
6.1%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,729
market rent is 1.32x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+65.8%not annualized · through 2025
0%ZILLOW ZHVI2026-06+3.9%FHFA HPI2025+5.3%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$366k
Surveyed gross rent$1,327
Rent burden 30%+49.5%
Median year built1967
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
4.8%vacant
76,529estimated housing units
Occupied tenure26.9% renter
owner 73.1%renter 26.9%
Structure mix71.3% single-family
Single-family 71.3%20+ units 8.9%Mobile home 1.6%Other 18.2%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

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.

Annual average covered jobs76,651▲ 1.1% from the prior annual release
Covered establishments7,074annual average reporting locations
Average weekly wage$1,260▲ 4.0% from the prior annual release
Largest private supersectorTrade, transportation, and utilities24.3% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.1%WEEKLY WAGE+4.0%Trade, transportation, and utilities24.3%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

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.

Resident income

How local income has compounded

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.

Per-capita personal income19692024
Per-capita personal income history for Kent CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$40k$80k196919972024$4k$75k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

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%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in Kent CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI5,30069.5% burdened30–50% HAMFI3,94071.7% burdened50–80% HAMFI4,31046.3% burdened80–100% HAMFI1,70016.5% burdenedAbove 100% HAMFI4,8902.2% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
Direct local rental evidence

Recent leases and rental-market liquidity in Kent County, RI

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.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,582$1,438$1,2932021-082026-07
Recent-lease rent$1,5822026-07 · +6.2% year over year
Rental vacancyn/an/a
Time on marketn/an/a
County brief

What the local evidence says

01Decision frame

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.

02Housing economics

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.

03Demand & competition

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.

04Risk & next checks

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.

County ZIP rental landscape

How asking rent and renter pressure vary inside Kent County, RI

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.

Selected ZIP range$1,901$2,742Zillow asking-rent index
Monthly spread$841highest minus lowest selected ZIP
Observed burden range41.4%51.7%ACS renter households paying 30%+
Renter households covered17,585across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.02818$2,74202886$2,25902889$2,15002816$2,04702893$1,901
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.54.2%50.4%46.6%42.7%38.9%0289302886028160288902818Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.02818+158.6%02886+130.7%02889+124.3%02816+118.4%02893+109.9%
WHAT THE LOCAL DISTRIBUTION SAYS

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.

Selected ZIP evidence

Keep each source universe visible

All 5 eligible direct-evidence ZIP profiles are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screenHUD county share
02893$1,901$1,303$1,72942.7%5.9%$76k99.9%
02886$2,259$1,390$1,72951.7%3.6%$90k100.0%
02816$2,047$1,203$1,72947.9%6.2%$82k100.0%
02889$2,150$1,326$1,72950.0%4.3%$86k100.0%
02818$2,742$1,431$1,72941.4%4.8%$110k100.0%
READ BEFORE USING

Zillow ZORI is a typical observed asking-rent index; ACS county and ZCTA figures are ACS 2024 five-year survey estimates, and HUD FMR is a bedroom-specific administrative standard. Their levels and periods should not be merged, treated as one market rent, or used to price an individual unit.

Census ZCTAs are statistical approximations rather than USPS delivery ZIPs. ZIP labels may cross county lines and are assigned using the largest HUD residential-address share; the direct-evidence selection is not an exhaustive county inventory, so absent areas or properties cannot be ranked from this display.

SOURCE LEDGERCensus ACS 5-year — county housing value, tenure and stockACS 2024 5-year · pulled 2026-07-30Census ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD Fair Market Rents — Section 8 standardFY2026 FMR · pulled 2026-07-26HUD-USPS ZIP-to-county residential-address crosswalkHUD-USPS 2026Q1 · pulled 2026-08-09Zillow ZHVI and ZORI — county values and rentscounty ZHVI/ZORI 2026-06 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Cities & communities

Where people live within Kent County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Warwick city83.2KGreene CDP962
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

2 Census places

Population
  1. 01
    Warwick cityIncorporated place
    83,175
  2. 02
    Greene CDPCensus-designated place
    962

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.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.095% of building value expected lost per year

Effective property tax1.35%

$4,957 median annual bill

02
DemandIRS SOI household flows
Net migration+338

5,091 in · 4,753 out

Arriving vs leaving income−$3,249

$73,622 arriving · $76,871 leaving

03
CompetitionHMDA financed purchases
Purchases by investors6.0%

119 of 1,984 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings248▼ 6.6% year over year
Median days on market31▲ 0.0% year over year
Listings price-reduced6.4%seller-concession signal
Median listing pricen/a▲ 6.7% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Providence, RI

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.

CountyPopulationPriceRentYieldHazard
Kent County171,456$449k$2,2896.1%inland flooding
Providence County664,854$460k$2,1105.5%inland flooding
Bristol County582,270$557k$2,0404.4%inland flooding
Washington County130,344$695k$2,5164.3%inland flooding
Newport County84,657$800k$3,1354.7%inland flooding
Bristol County50,490$662k$2,2714.1%inland flooding
Bear case

What can break the county thesis

  1. Parcel flood exposure, insurance, and mitigation costs could erase the gross-yield cushion.
  2. County MLS conditions may not translate to the target submarket or closed-sale execution.
  3. Tax-return migration and workplace jobs may not produce demand for the target unit type.
Underwriting questions

Before pricing a property

Can HUD Fair Market Rent be substituted for the published market rent in a yield calculation?

No. It is a two-bedroom payment standard, while the published rent is median asking market rent.

Does the FHFA measure provide a current dollar home value?

No. It is a repeat-transaction appreciation index, not a home value.

What does the investor participation measure omit?

It is based on non-occupant purchase mortgages and does not measure cash-buyer activity or total investor ownership.