Interested in purchasing investment houses in the 02831 zip code in Hope, RI?
The zip code 02831 is in both Providence and Kent counties with a latitude of -71.589110000000 and longitude of 41.752640000000, is in the state of Rhode Island. The average asking price of houses and condos is $299,767.00 and the average sale price was $179,063.00. this regions is classified as the Providence metro area and is in the 401 area code. The location in degrees is 41° 45' 9.504" N, 71° 35' 20.796" W. The county F.I.P.S. is 44007. The total land area is 9.6 square miles and the water area is 2.8 square miles. The elevation in this area is 266 - 440 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 02831 is in county number 007 and is L. Sector 00, L. Segment 01, H. Sector 90, and H. Segment 90. The population was 3,312 in 2019 and 3,515 in 2010. Of this, the break down in 2019 was 1,802 urban and 1,509 rural. This further breaks down to 1,746 males (52.7%) and 1,566 females (47.3%). The median age of residents is 46.4 years. The population of the greater Providence-New Bedford-Fall River, RI-MA area is 1,610,368. The population density (people per square mile) is 344. This zip code has a combined total of 1,317 houses and condos. There are 164 rented appartments. 14% of residents rent versus the 14% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $76,762 and the average salary is $62,390. The median household income of individuals is $80,798.00 and the average is $101,590.00. This zip code has a mean commute time to work of 29.3 minutes. The unemployment rate is 4.9%. Income earners by percent breakdown as 23.70% (Under $50,000), 40.90% ($50,000-$100,000), and 35.40% earn over $100,000. 2.8% of residents live below poverty line versus the 10.8% in the state that are below this line. The cost of living index is 93.1. The educational breakdown is 96.7% have a high school education or higher, 35.1% have a bachelor's degree or higher, and 9.8% have some kind of profesional degree.
This area has 1,293 households and the average size is 2.8 people. Individuals who are single and have never been married are 34.5%, 49.7% are now married, 0.0% are separated, 6.5% are widowed, and 9.3% are divorced. The average yearly contribution amount given by people to charity was $2,311 versus the state average of $2,961. The percent of residents who gave to charity was 40.8%.
The estimated median value of houses and condos is $323,542. The median monthly owner costs of mortgage holders was $1,907, where as the costs for those who don't have a mortgage are $673. The median number of rooms in houses and condos are 6.9 versus apartments which had a median number of 7.1.
The real estate tax percent rate is 1.5% which equated to an average real estate tax amount payment of $4,988. In comparision, the average real estate tax percent rate in the state is 1.5% which equated to an average real estate tax amount payment in the state of $4,339. The median housing property tax percent for residents with mortgages was 1.8% which amounted to an average tax amount of $5,659. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $3,821. Reported taxable interest for persons was $2,820, dividends $4,502, capital gains +$6,923, and itemized deductions $24,927. The average earned income tax credit is $1,917. The percent of individuals that use a tax preparer is 63.2%. The total average income taxes paid by individuals was $12,786. Businesses reported an average profit of $14,212.
Rufino's Pizzeria
4 Hope Furnace Rd, Hope, RI 02831
The Classic Cafe
206 Seven Mile Rd, Hope, RI 02831
Speranza Pizza
4 Hope Furnace Rd, Hope, RI 02831
Oceanside Seafood
16 Tiogue Ave, West Warwick, RI 02893 (4.2 miles away)
Pat
1650 Nooseneck Hill Rd, Coventry, RI 02816 (4.2 miles away)
Ocean Pride
270 Atwood Ave, Cranston, RI 02920 (5.1 miles away)
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