Housing market/Rhode Island/ZIP 02832
ZIP 02832 Hope Valley, Rhode Island
Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area · Rhode Island. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 02832 · RI — sent to you.
ZIP 02832 · RI
ACS rent vs 2BR SAFMR
ZIP 02832 — Hope Valley, RI HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 02832
- 1-unit detached1,67477.1%
- 1-unit attached683.1%
- 2–4 units22110.2%
- 5–49 units1145.3%
- 50+ units934.3%
2–4 unit share 10.2% · 5–49 unit share 5.3% · combined 2–49 15.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,114 (all bedrooms, occupied rentals).
- Median contract rent $1,025.
- Renters paying ≥30% of income 69.1%; ≥50% 10.8%.
- FY2027 2BR SAFMR $1,760 (1.580× ACS median gross rent).
Population
4,950 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +14.6%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 137 units.
- HUD project-based assisted MF: 1 properties, 114 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 02832 20.6% of occupied households are renters; vacancy is 6.7%; ACS median gross rent is $1,114; population increased +14.6% between the 2018 and 2023 ACS vintages; the housing stock includes 221 units in 2–4-unit structures and 114 units in 5–49-unit structures; 2 LIHTC projects totaling 137 units; FY2027 2BR SAFMR is $1,760 versus ACS median gross rent of $1,114. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Rhode Island research
ZIP 02832 is a Census / HUD profile for Westerly-Hopkinton-New Shoreham, RI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 02832 — Hope Valley, RI HUD Section 8 Payment Standards / SAFMR·Rhode Island ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Rhode Island research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 02832?
ZIP 02832 (Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area) has 4,950 residents, 2,024 households, a renter share of 20.6%, median household income of $101,225, and ACS 2023 median gross rent of $1,114. Vacancy is 6.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 02832?
ACS counts 58 units in 2-unit buildings, 163 in 3–4 unit buildings, 36 in 5–9, 32 in 10–19, and 46 in 20–49. Combined 2–49 unit stock is 335 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 02832?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,760. See the full schedule and 90–110% payment-standard band on the ZIP 02832 — Hope Valley, RI HUD Section 8 Payment Standards / SAFMR.
Does this Rhode Island ZIP profile include Georgia listings?
No. ZIP 02832 is Census / HUD research for Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area. Jeff Crowe CRE does not list Rhode Island property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.