North Providence, RI—02911
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Providence, RI
As of Oct '25, the median home price in North Providence, RI is $412,000, with a year-over-year change of 2.5%. This indicates that home prices in North Providence, RI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $412,000 | 2.5% |
| Single Family | $422,000 | 1.9% |
| Condos | $273,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $231,000 | 0.4% |
2 Bed | $338,000 | 1.5% |
3 Bed | $427,000 | 2.4% |
4 Bed | $465,000 | 1.8% |
| 5 Bed | $524,000 | 2.5% |
% of Housing Stock
Rental Trends — North Providence, RI
As of July '25, Rentcast reports the average rent in North Providence, RI is $2,070, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in North Providence, RI is studios: $1,970, 1-bedrooms: $1,720, 2-bedrooms: $1,970, 3-bedrooms: $2,550, 4-bedrooms: $2,600. The most common rental property sizes in North Providence, RI are 1-bedroom and 2-bedroom, accounting for 39.5% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,070 |
| Studio Rent | $1,940 | $1,970 |
| 1 Bed Rent | $1,800 | $1,720 |
| 2 Bed Rent | $1,850 | $1,970 |
| 3 Bed Rent | $2,300 | $2,550 |
| 4 Bed Rent | $2,200 | $2,600 |
% of Rental Stock
Property Listings — North Providence, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in North Providence, RI is 20. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $431,000 | 4.0% |
Listing Count | 43 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 20 | 10.0% |
Demographics — North Providence, RI
As of the latest ACS Survey released in 2023, North Providence, RI has a population of 15,000, which has decreased by -5.7% over the past 5 years. North Providence, RI is a less popular place for families, as children make up 14.8% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | -5.7% |
% Under 18 | 14.8% | -15.9% |
% Seniors | 20.4% | 34.2% |
% WFH | 6.3% | 90.9% |
% w/ College Degree | 32.7% | 4.5% |
As of the latest ACS Survey released in 2023, North Providence, RI is a predominantly white area, with 68.1% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in North Providence, RI is hispanic, making up 14.8% of the population. Foreign-born residents account for 10.2% of the population in North Providence, RI, and this percentage has decreased by 20.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.1% | -10.3% |
% Black | 11.5% | 130.0% |
% Hispanic | 14.8% | 14.7% |
% Asian | 3.6% | -5.3% |
% Foreign Born | 10.2% | -20.9% |
Mortgage and Risk — North Providence, RI
According to HUD data as of 2023, there were 349 mortgage originations in North Providence, RI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in North Providence, RI. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 349 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — North Providence, RI
As of 2024, the percent of homes in North Providence, RI under the Section 8 program is 18.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in North Providence, RI, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 483 |
Total Units Section 8 | 430 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$360 | $1,800 | $1,440 |
| 2 Bedroom | -$90 | $1,850 | $1,760 |
| 3 Bedroom | -$180 | $2,300 | $2,120 |
| 4 Bedroom | $370 | $2,200 | $2,570 |
Affordability — North Providence, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $412,000 |
| Median Household Income | $85,800 |