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Area data

Middletown, RI — ZIP 02840

Population: 23,448 (Census ACS)

The median home value in ZIP 02840 (Middletown, RI) is $966,328 — up 8.0% over the past year. Homes sell for a median $1.35M after a median 70 days on market. Typical rent runs $3,156/month. 4 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with coastalflooding the top-rated hazards. Cost of living is 1.0% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$966,328

Median home value

+8.0%

1-year change

70

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Median home value
$966,328
1-year appreciation
+8.0%
3-year appreciation
+18.8%
5-year appreciation
+40.6%
10-year appreciation
+120.5%
All-time peak (2026-07)
$966,328
House Price Index (state)
428.0 (+4.1% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$1.35M
Median list price
$1.27M
Median price per sqft
$509
1-year sale-price change
-1.8%
Median days on market
70 days
Homes sold (recent period)
12
For-sale inventory
77
Sale-to-list ratio
96.2%
Active listings
14
1-year forecast
+3.0%
Days to pending
66 days
New listings (monthly)
26

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$3,156/mo
1-year rent change
+2.7%
Studio fair-market rent
$1,207/mo
1BR fair-market rent
$1,509/mo
2BR fair-market rent
$1,921/mo
3BR fair-market rent
$2,498/mo
4BR fair-market rent
$2,882/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
99.0 (100 = US avg)
Electricity rate (state-level)
29.5¢/kWh
Natural gas rate (state-level)
$21.70/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
4
Elementary schools
1
Middle schools
1
High schools
2
Schools include
Frank E. Thompson Middle, Rogers High School, Newport Area Career Tech Ctr, Claiborne Pell Elementary

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
coastalFlooding
Notable hazard ratings (county)
coastalFlooding: Relatively Moderate · drought: Relatively Low · hurricane: Relatively Low · iceStorm: Relatively Low · inlandFlooding: Relatively Low · lightning: Relatively Low
FEMA flood zone
AE
Flood risk level
High
Wildfire risk to homes (county)
Higher than 8% of US counties
Buildings in wildfire direct-exposure zone
26.2%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Newport Naval Education/Training Center (6.1 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
52.0°F
Average high
59.0°F
Average low
44.0°F
Annual precipitation
42.9 in
USDA plant hardiness zone
7a (extreme annual low 0 to 5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
17.8 / 20
Transit service frequency
279
Jobs reachable by car (30 min)
26,167
Jobs reachable by transit (45 min)
24,553

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
6
Nearest national park
Touro Synagogue National Historic Site (1 mi)
National parks include
Touro Synagogue National Historic Site, New Bedford Whaling National Historical Park, Roger Williams National Memorial
Airports within 30 mi
17
Nearest airport
Newport State Airport (NPT) (4 mi)
Nearest major airport
Newport State Airport (NPT) (4 mi)
Hospitals nearby (~15 mi)
1
Hospitals include
NEWPORT HOSPITAL
Avg hospital rating (CMS)
4.0 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-446 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,938
Housing built before 1970
77.6%
Housing built 2000 or later
6.0%
Median annual property tax
$5,264
Mean commute to work
16 min
Households with broadband internet
79.6%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
33,808
Average weekly wage
$1,156
Top industries (by employment)
Accommodation & Food, Professional Services, Health Care
Annual residential building permits (county)
92

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 02840State medianUS median
Median home value$966,328$517,445$289,727
Median sale price$1.35M$551,000$325,000
Median days on market70 days34 days51 days
Typical rent$3,156/mo$2,126/mo$1,808/mo
Median annual property tax$5,264$4,962$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 02840?
$966,328.
What is the median sale price in ZIP 02840?
$1.35M.
How long do homes take to sell in ZIP 02840?
Median days on market: 70 days.
What is typical rent in ZIP 02840?
Typical rent: $3,156/month.
What is the natural-hazard risk in ZIP 02840?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: coastalFlooding.
Is ZIP 02840 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in ZIP 02840?
Risk to homes is higher than 8% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 02840?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 02840?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 02840?
4 schools (1 elementary, 1 middle, 2 high) (NCES, 2022-23).
Is ZIP 02840 walkable?
Walkability index: 17.8/20 (EPA Smart Location Database).
What is the cost of living in ZIP 02840?
Regional Price Parity: 99.0 (100 = US average) (Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents