Providence—02912
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Providence
Providence lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Providence
Providence lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Providence
Providence lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Providence
As of the latest ACS Survey released in 2023, Providence has a population of 4,820, which has increased by 254.7% over the past 5 years. Providence is a less popular place for families, as children make up 0.9% of the population. The area has a highly educated workforce, with 60.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,820 | 254.7% |
% Under 18 | 0.9% | -25.0% |
% Seniors | 0.0% | N/A |
% WFH | 20.1% | 54.6% |
% w/ College Degree | 60.0% | -30.0% |
As of the latest ACS Survey released in 2023, Providence is a predominantly white area, with 57.6% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Providence is asian, making up 16.9% of the population. Foreign-born residents account for 11.8% of the population in Providence, and this percentage has increased by 2.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.6% | -11.9% |
% Black | 11.9% | 153.2% |
% Hispanic | 9.6% | -7.7% |
% Asian | 16.9% | 8.3% |
% Foreign Born | 11.8% | 2.6% |
Mortgage and Risk — Providence
According to HUD data as of 2023, there were 24 mortgage originations in Providence, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Providence. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Providence
Providence lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,760 |
| 2 Bedroom | N/A | N/A | $2,150 |
| 3 Bedroom | N/A | N/A | $2,590 |
| 4 Bedroom | N/A | N/A | $3,140 |
Affordability — Providence
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |