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Providence—02912

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
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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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  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Providence

Providence lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
N/AN/A
Single Family N/AN/A
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    53.1%
    2 Bedrooms
    46.9%

    Rental Trends — Providence

    Providence lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    2 Bedrooms
    100.0%

    Property Listings — Providence

    Providence lacks sufficient listing trend data for analysis.

    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

    As of the latest ACS Survey released in 2023, Providence has a population of 4,820, which has increased by 254.7% over the past 5 years. Providence is a less popular place for families, as children make up 0.9% of the population. The area has a highly educated workforce, with 60.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,820254.7%
    % Under 18
    		0.9%-25.0%
    % Seniors
    		0.0%N/A
    % WFH
    		20.1%54.6%
    % w/ College Degree
    		60.0%-30.0%
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    As of the latest ACS Survey released in 2023, Providence is a predominantly white area, with 57.6% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Providence is asian, making up 16.9% of the population. Foreign-born residents account for 11.8% of the population in Providence, and this percentage has increased by 2.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    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 HUD data as of 2023, there were 24 mortgage originations in Providence, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Providence. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

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

    Providence lacks sufficient Section 8 program data for analysis.

    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 Average
    Home Price to Income RatioN/A
    Median Home PriceN/A
    Median Household IncomeN/A

    Providence — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Providence, RI

    02903

    Providence, RI

    02906

    Providence, RI

    02907

    Wanskuck

    02918

    East Providence, RI

    02914

    Frequently Asked Questions