East Providence, RI 02915 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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East Providence, RI—02915

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$445,000

2.4% YoY Growth

Household Income

$90,600

46.1% YoY Growth

Days on Market

23

4.0% Shorter YoY

Home Price Forecast

1.2%

Median Rent

$2,090

3.8% YoY Growth

1-Bed Rent

$1,770

1.0% YoY Growth

2-Bed Rent

$2,110

7.7% YoY Growth

3-Bed Rent

$2,580

2.2% YoY Growth

Other Zip Codes in East Providence, RI

Home Price Trends — East Providence, RI

As of May '26, the median home price in East Providence, RI is $445,000, with a year-over-year change of 2.4%. This indicates that home prices in East Providence, RI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$445,000	2.4%
Single Family	$449,000	2.5%
Condos	$321,000	2.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — East Providence, RI

As of July '25, Rentcast reports the average rent in East Providence, RI is $2,190, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in East Providence, RI is studios: $1,370, 1-bedrooms: $1,940, 2-bedrooms: $2,240, 3-bedrooms: $2,730, 4-bedrooms: $2,570. The most common rental property sizes in East Providence, RI are 1-bedroom and 2-bedroom, accounting for 41.0% and 39.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,090	$2,190
Studio Rent	$1,370	$1,370
1 Bed Rent	$1,770	$1,940
2 Bed Rent	$2,110	$2,240
3 Bed Rent	$2,580	$2,730
4 Bed Rent	$2,500	$2,570

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% of Rental Stock

Studio

5.9%

1 Bedroom

41.0%

2 Bedrooms

39.3%

3 Bedrooms

13.5%

4 Bedrooms

0.4%

Property Listings — East Providence, RI

As of May '26, Realtor.com reports that the median days on market for a home in East Providence, RI is 23. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$475,000	7.0%
Listing Count	41	-20.0%
Listings as % of Homes	0.4%	-20.0%
Days on Market	23	-4.0%

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Demographics — East Providence, RI

As of the latest ACS Survey released in 2023, East Providence, RI has a population of 16,800, which has increased by 1.2% over the past 5 years. East Providence, RI is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,800	1.2%
% Under 18	16.9%	8.3%
% Seniors	19.9%	3.1%
% WFH	9.9%	560.0%
% w/ College Degree	36.2%	25.7%

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As of the latest ACS Survey released in 2023, East Providence, RI is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in East Providence, RI is hispanic, making up 7.4% of the population. Foreign-born residents account for 8.1% of the population in East Providence, RI, and this percentage has decreased by 9.0% 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	77.3%	-11.3%
% Black	3.5%	12.9%
% Hispanic	7.4%	289.5%
% Asian	2.2%	-46.3%
% Foreign Born	8.1%	-9.0%

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Mortgage and Risk — East Providence, RI

According to HUD data as of 2023, there were 386 mortgage originations in East Providence, RI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in East Providence, RI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	386
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — East Providence, RI

As of 2024, the percent of homes in East Providence, RI under the Section 8 program is 22.3%. 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 East 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	740
Total Units Section 8	610
% Rentals under Section 8	22.3%
% Occupied Section 8	88.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$340	$1,770	$1,430
2 Bedroom	-$360	$2,110	$1,750
3 Bedroom	-$470	$2,580	$2,110
4 Bedroom	$60	$2,500	$2,560