Lincoln, RI 02865 Real Estate Market Report

ZIP Code: 02865
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Lincoln, RI are approximately 6.49%, which is higher than the 5.87% average observed in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary indicator of recent transaction activity is the median sold price of 559,000, which establishes current market value for SFR and condominium transactions in the area and suggests strong realized pricing relative to many asking prices. up

2. There is a notable gap between the median listing price of 757,900 and the median sold price of 559,000, which may indicate pricing friction where seller expectations exceed recent transaction values and appears to constrain near-term deal flow.

3. Liquidity appears mixed: the median days on market is 295, which signals slower sales velocity for sample transactions and may indicate that properties are taking substantially longer to convert despite a generally hot market temperature.

4. Macro and cost-of-capital signals are a headwind—interest rate pressure is elevated and local mortgage conditions show Current 30-year fixed mortgage rates in Lincoln, RI are approximately 6.49%, which is higher than the 5.87% average observed in February 2026—this elevated financing cost may temper buyer pool activity even as prices and rents trend up.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Lincoln, RI 02865 Real Estate Market Report

ZIP Code: 02865
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Lincoln, RI are approximately 6.49%, which is higher than the 5.87% average observed in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market-value signal is the median sold price of 294,450, which indicates strong realized pricing in recent transactions and should be treated as the primary benchmark for underwriting and comps in Lincoln, RI.

2. Inventory appears as relatively constrained active supply in the analyzed sample, which alongside a hot market temperature suggests persistent pricing pressure and supports sellers’ ability to realize near-term asking expectations.

3. Despite strong pricing, the median days on market at 317 points to slower sales velocity than typically expected in a hot market and may indicate pricing friction or a narrower buyer pool at current price levels.

4. Market fundamentals show rising momentum: price year-over-year trend is up and rent year-over-year trend is up, while interest rate pressure is elevated—the current 30-year fixed mortgage rate is approximately 6.49%, higher than the 5.87% average observed in February 2026, which may temper buyer affordability even as prices and rents climb.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.