02808, Bradford, RI

The 2808 zip code of Bradford, Rhode Island has a median home value of $128,000 and a median home equity value of $123,000. This is significantly lower than the statewide median home value of $269,500 and statewide median home equity value of $236,100. The 2808 zip code also has a lower than average percentage of homes with mortgages at 66%.

There are several factors that could contribute to the lower home values in the 2808 zip code. First, Bradford is located in one of the most economically depressed areas in the state. Second, there are relatively few homes for sale in this zip code which may be contributing to its low home values. Finally, many residents may be underwater on their mortgages which could be reducing their equity in their homes.