ZIP Code 02812 — Richmond, RI Home Prices (2026)

The typical home in ZIP 02812 (Richmond, Rhode Island) is worth about $536,000 at roughly $368 per square foot — 3% more expensive than the Richmond median and 82% more expensive than the typical U.S. home.

$536,000

Typical home value

$368

Price per sq ft

#2 of 4

Richmond ZIPs by value

+3%

vs Richmond median

How 02812 compares

ZIP 02812 is one of the pricier ZIP codes in Richmond: its typical home value of $536,000 ranks #2 of the 4 Richmond ZIP codes we track (the citywide range runs from $499,000 in 02898 to $606,000 in 02892). Per square foot it costs about $368, against $391 for Richmond as a whole, $358 for Rhode Island, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 02812	$536,000	$368
Richmond, RI	$519,000	$391
Rhode Island	$525,500	$358
United States	$294,000	$195

Home value by size in 02812

Using this ZIP’s rate of about $368 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$368,000
1,500 sq ft	$552,000
2,000 sq ft	$736,000
2,500 sq ft	$920,000
3,000 sq ft	$1,104,000

Salary needed to buy a home in ZIP 02812

To buy the typical $536,000 home in ZIP 02812 with 20% down, you need a household income of roughly $146,000 a year (about $3,400 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $173,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$26,800	$4,230/mo	$181,000/yr
10% (+PMI)	$53,600	$4,040/mo	$173,000/yr
20%	$107,200	$3,400/mo	$146,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 02812

At about $368 per square foot, here is roughly how much home different budgets get you in ZIP 02812:

Budget	Approx. size	What that looks like locally
$250k	680 sq ft	below the local median — condos, smaller or older homes
$300k	820 sq ft	below the local median — condos, smaller or older homes
$400k	1090 sq ft	below the local median — condos, smaller or older homes
$500k	1360 sq ft	around the typical home here
$600k	1630 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 02812 home.

Estimate a specific home in 02812

The estimator below is pre-set to ZIP 02812 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Richmond ZIP codes by home value

Where 02812 sits among Richmond’s 4 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	02892	$606,000	$350
2	02812 (this page)	$536,000	$368
3	02894	$502,000	$413
4	02898	$499,000	$698

ZIP 02812 home prices: frequently asked

What is the average home price in ZIP code 02812? +

The typical home in ZIP 02812 (Richmond, RI) is worth about $536,000 as of 2026. That is 3% more expensive than the Richmond median of $519,000 and 82% more expensive than the U.S. median of $294,000.

What is the price per square foot in 02812? +

About $368 per square foot in 02812, versus $391 across Richmond and $358 across Rhode Island. At that rate a 1,500 sq ft home runs roughly $552,000 and a 2,500 sq ft home about $920,000.

What salary do you need to buy a house in ZIP 02812? +

For the typical $536,000 home in ZIP 02812, a household income of about $146,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $173,000; with 5% down about $181,000.

Is 02812 an expensive ZIP code? +

Within Richmond, 02812 ranks #2 of 4 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Richmond. Nationally it is relatively expensive.

See the full Richmond home values page, all Rhode Island cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.