East Providence, RI—02916
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 $474,000, with a year-over-year change of 3.4%. 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 | $474,000 | 3.4% |
| Single Family | $481,000 | 3.2% |
| Condos | $334,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $386,000 | 1.0% |
3 Bed | $479,000 | 3.0% |
4 Bed | $577,000 | 3.8% |
| 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 $2,020, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in East Providence, RI is studios: $1,260, 1-bedrooms: $1,590, 2-bedrooms: $2,280, 3-bedrooms: $2,800. The most common rental property sizes in East Providence, RI are 2-bedroom and 1-bedroom, accounting for 39.4% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,020 |
| Studio Rent | $1,120 | $1,260 |
| 1 Bed Rent | $1,550 | $1,590 |
| 2 Bed Rent | $2,200 | $2,280 |
| 3 Bed Rent | $2,750 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% 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 40. 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $579,000 | 12.0% |
Listing Count | 30 | 117.0% |
| Listings as % of Homes | 0.4% | 117.0% |
Days on Market | 40 | 10.0% |
Demographics — East Providence, RI
As of the latest ACS Survey released in 2023, East Providence, RI has a population of 8,720, which has decreased by -3.9% over the past 5 years. East Providence, RI is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,720 | -3.9% |
% Under 18 | 18.7% | -13.8% |
% Seniors | 19.2% | 4.9% |
% WFH | 15.1% | 277.5% |
% w/ College Degree | 42.7% | 1.4% |
As of the latest ACS Survey released in 2023, East Providence, RI is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in East Providence, RI is hispanic, making up 4.8% of the population. Foreign-born residents account for 10.0% of the population in East Providence, RI, and this percentage has increased by 8.7% 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 | 88.0% | -0.9% |
% Black | 2.4% | 4.3% |
% Hispanic | 4.8% | -17.2% |
% Asian | 0.6% | -33.3% |
% Foreign Born | 10.0% | 8.7% |
Mortgage and Risk — East Providence, RI
According to HUD data as of 2023, there were 187 mortgage originations in East Providence, RI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 18.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 187 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — East Providence, RI
East Providence, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 313 |
Total Units Section 8 | 309 |
% Rentals under Section 8 | 30.1% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,550 | $1,260 |
| 2 Bedroom | -$670 | $2,200 | $1,530 |
| 3 Bedroom | -$900 | $2,750 | $1,850 |
| 4 Bedroom | N/A | N/A | $2,290 |
Affordability — East Providence, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $474,000 |
| Median Household Income | $96,300 |