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North Providence, RI—02911

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$429,000
1.1% YoY Growth
Household Income
$85,800
47.9% YoY Growth
Days on Market
17
45.0% Shorter YoY
Home Price Forecast
2.6%
Median Rent
$2,000
7.8% YoY Growth
1-Bed Rent
$1,800
3.9% YoY Growth
2-Bed Rent
$1,850
25.5% YoY Growth
3-Bed Rent
$2,300
5.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — North Providence, RI

As of May '26, the median home price in North Providence, RI is $429,000, with a year-over-year change of 1.1%. This indicates that home prices in North Providence, RI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$429,0001.1%
Single Family $440,0001.4%
Condos $278,0002.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $241,000
    1.3%
    2 Bed
    		$351,0001.4%
    3 Bed
    		$445,0001.8%
    4 Bed
    		$485,0000.8%
    5 Bed $550,3121.5%
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    % of Housing Stock

    Studio
    3.8%
    1 Bedroom
    16.1%
    2 Bedrooms
    24.1%
    3 Bedrooms
    40.2%
    4 Bedrooms
    14.2%
    5+ Bedrooms
    1.6%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    11.0%
    1 Bedroom
    39.5%
    2 Bedrooms
    29.4%
    3 Bedrooms
    20.1%

    Property Listings — North Providence, RI

    As of May '26, Realtor.com reports that the median days on market for a home in North Providence, RI is 17. This is a decrease of -45.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$475,000-2.0%
    Listing Count
    		47-1.0%
    Listings as % of Homes0.4%-1.0%
    Days on Market
    		17-45.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$429,000
    Median Household Income$85,800

    North Providence, RI — ZIP Code Boundary Map

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    Frequently Asked Questions