Housing market/Rhode Island/ZIP 02891
ZIP 02891 Westerly, 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 02891 · RI — sent to you.
ZIP 02891 · RI
ACS rent vs 2BR SAFMR
ZIP 02891 — Westerly, 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 02891
- 1-unit detached8,59667.9%
- 1-unit attached4253.4%
- 2–4 units2,17117.1%
- 5–49 units1,1719.2%
- 50+ units2802.2%
- Mobile170.1%
2–4 unit share 17.1% · 5–49 unit share 9.2% · combined 2–49 26.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,249 (all bedrooms, occupied rentals).
- Median contract rent $1,127.
- Renters paying ≥30% of income 42.6%; ≥50% 16.5%.
- FY2027 2BR SAFMR $1,890 (1.513× ACS median gross rent).
Population
21,698 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +2.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 150 units.
- HUD project-based assisted MF: 5 properties, 293 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 02891 25.4% of occupied households are renters; vacancy is 21.0%; ACS median gross rent is $1,249; population increased +2.9% between the 2018 and 2023 ACS vintages; the housing stock includes 2,171 units in 2–4-unit structures and 1,171 units in 5–49-unit structures; 1 LIHTC projects totaling 150 units; FY2027 2BR SAFMR is $1,890 versus ACS median gross rent of $1,249. 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 02891 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 02891 — Westerly, 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 02891?
ZIP 02891 (Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area) has 21,698 residents, 10,002 households, a renter share of 25.4%, median household income of $90,435, and ACS 2023 median gross rent of $1,249. Vacancy is 21.0%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 02891?
ACS counts 1,260 units in 2-unit buildings, 911 in 3–4 unit buildings, 406 in 5–9, 417 in 10–19, and 348 in 20–49. Combined 2–49 unit stock is 3,342 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 02891?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,890. See the full schedule and 90–110% payment-standard band on the ZIP 02891 — Westerly, RI HUD Section 8 Payment Standards / SAFMR.
Does this Rhode Island ZIP profile include Georgia listings?
No. ZIP 02891 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.