Neighborhood
Great Island
Narragansett, Rhode Island US
Great Island, Narragansett, Rhode Island is a higher-priced, lower-yield market with prices in line with Narragansett and 104% above Rhode Island, plus a gross yield of 4.8. Prices are down 4.7% over the past year, which weakens recent momentum, while the Red Flag score of 60 suggests moderate overall risk. Walkability is 13, and education is in the 89th percentile, indicating strong score-based school-district performance.
AI Summary•Updated May 2026
Area
8.47 mi²
ZIP Code
02882
County
South County
State
Rhode Island
Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesEPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024
Verified Price · Median Sale
$767,633
YoY-4.7%
Gross Rental Yield
4.8%
Listed rent · ZORI annualized
Red Flag Index
High
60 / 100
Walkability Score
13
OpenStreetMap POI density · national percentile
Education Score
89 / 100
Pre-pandemic SEDA (2018/19) · district proxy
AI Score
42
DistrictScore attractiveness · national model
Great Island Property Prices & Rental Yield
Verified Redfin sale data and Zillow ZORI asking rent for Great Island, Narragansett.
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Sign in to view — freeMarket Economics Snapshot
May 2026| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $767,633 | -4.7% |
| Price / Sq Ft (Verified) | $598/sqft | +9.8% |
| Asking Rent (Median) | $3,078/mo | — |
| Gross Rental Yield | 4.8% | — |
| Liquidity Score | 21 / 100 | Low |
| Homes Sold (Period) | 41 | -31.7% |
Is Great Island Safe? Natural-Hazard Risk
FEMA National Risk Index composite across eight hazards, plus inherited Rhode Island crime context.
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Sign in to view — free What Stands Out AI Insight
Active transaction volume — 41 homes sold last period
Flood risk is Very High (100/100)
Hurricane risk is Very High (80/100)
Insights are generated from Great Island's live DistrictScore metrics.
Great Island Environment & Safety
Satellite PM2.5 air-quality history, FBI UCR crime trend (Rhode Island-level, the finest official aggregation), EPA radon potential and point-source hazard screening.
Rhode Island Crime Trend
FBI UCR20132024
All crimes / 1k
Violent / 1k
| Year | Crimes / 1k | Violent / 1k | YoY |
|---|---|---|---|
| 2024 | 11.9 | 1.5 | -6.8% |
| 2023 | 12.8 | 1.7 | -11.4% |
| 2022 | 14.6 | 1.7 | +1.9% |
| 2021 | 14.3 | 2.0 | +0.4% |
| 2020 | 14.8 | 2.3 | -16.4% |
| 2019 | 17.6 | 2.2 | — |
Reported at the state level — the finest official US crime aggregation; Great Island inherits the Rhode Island figures.
Radon Potential
EPAZone 1
Zone 1 — Highest potential · Great Island
EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.
Environmental Hazards
EPA / BTSSuperfund (NPL)4.3 kmModerate
Industrial odor4 nearbyVery High
Point-source screening near Great Island: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.
Walkability & Amenities in Great Island
Amenity density and pedestrian access from OpenStreetMap points of interest.
Walkability & Amenities
OpenStreetMap POI13
Minimal
Walkability Score
2
Grocery
8
Dining
0
Schools
0
Universities
0
Hospitals
1
Pharmacies
5
Parks
1
Rail Transit
0
Coworking
POI counts are amenities within Great Island's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.
Great Island vs Narragansett vs Rhode Island
How Great Island benchmarks against its city and state medians.
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Sign in to view — freeBuying Property in the US as a Foreigner
Federal & Rhode Island tax facts for non-resident buyers, plus the latest local market news.
Buying as a Foreigner
US Tax & OwnershipApplies to everyone7
Capital Gains (Federal)
Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).
Property Tax
Property tax: ~1.00% average effective rate (statewide average; set and collected locally).
State Income Tax
State income tax up to 5.99%; rental income is taxed at these rates.
State Capital Gains
Capital gains are taxed as ordinary income at state rates.
Transfer Tax
Real estate transfer tax: transfer tax with a high-value surcharge.
Assessment Cap
No Proposition 13-style assessment cap; property is reassessed at market value.
Mansion Tax / Rent Control
A surcharge applies to high-value home sales.
US citizens & tax residents7
Primary-Home Exclusion
Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.
1031 Like-Kind Exchange
A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.
Depreciation Recapture
Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).
Mortgage Interest Deduction
Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).
Opportunity Zones
Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.
Rental Income (Resident)
Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.
1031 State Conformity
The state conforms to the federal 1031 like-kind exchange rules.
Foreign buyers (non-residents)5
FIRPTA (Foreign Sellers)
FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.
Non-Resident Capital Gains
Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.
Non-Resident Rental Tax
Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).
Estate Tax (Non-Resident)
Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.
ITIN Requirement
Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.
Talk to a US real-estate tax advisor
FIRPTA, ITIN & Rhode Island property-tax guidance for foreign buyers
Great Island Real Estate FAQ
Great Island, Narragansett, Rhode Island has a mixed investment profile: prices are in line with Narragansett and 104% above Rhode Island, while the gross yield is 4.8. Prices are down 4.7% over the past year, and the Red Flag score is 60.
Neighborhoods near Great Island
Compare Great Island with nearby neighborhoods in Narragansett.
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