Providence02912

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
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Median Household Income
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Days on Market
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Home Price Forecast
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Median Rent
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1-Bed Rent
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2-Bed Rent
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3-Bed Rent
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Property Listings — Providence

As of Aug '25 and according to Realtor.com, the median days on market for a home in Providence is NA. This is an insufficient data of NA from last year. This indicates that homes are sitting on the market insufficient data to determine a trend than last year. The percentage of listed homes with a reduced price is NA. This is an unknown percentage of inventory, suggesting unknown supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
N/AN/A
Listing Count
N/AN/A
Listings as % of HomesN/AN/A
Days on Market
N/AN/A
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Demographics — Providence

MetricLatest CensusYoY % Change
Population
4,820254.7%
% Under 18
0.9%-25.0%
% Under 5N/AN/A
% Seniors
0.0%N/A
% WFH
20.1%54.6%
% w/ College Degree
60.0%-30.0%
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Race and Ethnicity

MetricLatest Census5-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%
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Mortgage and Risk — Providence

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Providence in that year was 24. 100.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 52.0%. Of those, 4.0% were >90% loan to value. This is considered normal, suggesting that mortgage risk is small in Providence. Investor activity in Providence is low, as 0.0% of all loans are originated by investors. In 2023, 0.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
24N/AN/A
% Conventional Loans
100.0%N/AN/A
% Government Loans
0.0%N/AN/A
% Investor Loans
0.0%N/AN/A
% Second Loans
0.0%N/AN/A
% Cash Out Refinance
0.0%N/AN/A
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Rentals and Section 8 — Providence

As of 2024, the percent of homes in Providence under the Section 8 program is NA. This is considered unknown, suggesting that the neighborhood is unknown composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

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 SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$1,760
2 BedroomN/AN/A$2,150
3 BedroomN/AN/A$2,590
4 BedroomN/AN/A$3,140

Affordability — Providence

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income RatioN/AN/AN/A
Median Home PriceN/AN/AN/A
Median Household IncomeN/AN/AN/A

Providence — ZIP Code Boundary Map

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