East Providence, RI—02915
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Providence, RI
As of Oct '25, the median home price in East Providence, RI is $430,000, with a year-over-year change of 2.0%. This indicates that home prices in East Providence, RI are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $430,000 | 2.0% |
| Single Family | $433,000 | 1.6% |
| Condos | $319,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $301,000 | 2.0% |
2 Bed | $371,000 | 1.1% |
3 Bed | $441,000 | 1.6% |
4 Bed | $484,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — East Providence, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in East Providence, RI is 26. 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 12.0% |
Listing Count | 38 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 26 | -4.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — East Providence, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $430,000 |
| Median Household Income | $90,600 |