1031 Exchange Warwick, Rhode Island

 

Surrounding submarket Area

Warwick, Rhode Island is a part of the Southern Rhode Island Submarket submarket area, and contains 4 zip codes: 02888, 02889, 02886, and 02887.

Warwick Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Warwick, RI submarket area was $1,273, which is 11.28% higher than 2014 average rent. This represents a compounded annual growth rate of 2.16%. 2019 vacancy in Warwick, RI was 2.80%.

The total population of the city of Warwick, RI has decreased 2.21% since 2010. As of 2018, the population was 80,847. The median household income of the Warwick was $70,490, which is 16.91% higher than the national average.

  • submarket area Southern Rhode Island Submarket
  • avg rent $1,273
  • rent growth 11.28%
  • vacancy 2.80%
  • median income $70,490
  • population (2018) 80,847
  • population growth -2.21%
  • vs. nat'l avg 16.91%
  • zip codes 02886 02887 02888 02889

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