East Providence, RI 02914 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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East Providence, RI—02914

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$406,000

0.2% YoY Growth

Household Income

$60,800

19.0% YoY Growth

Days on Market

41

13.0% Longer YoY

Home Price Forecast

2.6%

Median Rent

$1,850

1.0% YoY Growth

1-Bed Rent

$1,750

13.2% YoY Growth

2-Bed Rent

$1,900

4.1% YoY Growth

3-Bed Rent

$2,800

10.4% YoY Growth

Other Zip Codes in East Providence, RI

Home Price Trends — East Providence, RI

As of Dec '25, the median home price in East Providence, RI is $406,000, with a year-over-year change of -0.2%. This indicates that home prices in East Providence, RI are flat. 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 Type	Median Home Value	YoY % Change
All Homes	$406,000	-0.2%
Single Family	$406,000	-0.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — East Providence, RI

As of July '25, Rentcast reports the average rent in East Providence, RI is $1,990, 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: $1,950, 1-bedrooms: $1,720, 2-bedrooms: $2,040, 3-bedrooms: $2,650, 4-bedrooms: $2,570. The most common rental property sizes in East Providence, RI are 2-bedroom and 1-bedroom, accounting for 44.0% and 38.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$1,990
Studio Rent	$1,700	$1,950
1 Bed Rent	$1,750	$1,720
2 Bed Rent	$1,900	$2,040
3 Bed Rent	$2,800	$2,650
4 Bed Rent	$2,400	$2,570

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% of Rental Stock

Studio

4.2%

1 Bedroom

38.5%

2 Bedrooms

44.0%

3 Bedrooms

11.1%

4 Bedrooms

2.1%

5+ Bedrooms

0.2%

Property Listings — East Providence, RI

As of Dec '25, Realtor.com reports that the median days on market for a home in East Providence, RI is 45. This is a increase of 47.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$432,000	8.0%
Listing Count	34	8.0%
Listings as % of Homes	0.2%	8.0%
Days on Market	41	13.0%

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Demographics — East Providence, RI

As of the latest ACS Survey released in 2023, East Providence, RI has a population of 21,400, which has remained stable by -1.0% over the past 5 years. East Providence, RI is a moderately popular place for families, as children make up 16.1% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,400	-1.0%
% Under 18	16.1%	-16.1%
% Seniors	22.1%	19.5%
% WFH	9.4%	291.7%
% w/ College Degree	25.0%	25.0%

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As of the latest ACS Survey released in 2023, East Providence, RI is a predominantly white area, with 66.5% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in East Providence, RI is hispanic, making up 11.8% of the population. Foreign-born residents account for 24.4% of the population in East Providence, RI, and this percentage has increased by 8.9% 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	66.5%	-2.9%
% Black	8.4%	-32.3%
% Hispanic	11.8%	45.7%
% Asian	3.8%	-5.0%
% Foreign Born	24.4%	8.9%

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Mortgage and Risk — East Providence, RI

According to HUD data as of 2023, there were 338 mortgage originations in East Providence, RI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in East Providence, RI. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	338
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — East Providence, RI

As of 2024, the percent of homes in East Providence, RI under the Section 8 program is 24.6%. 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	1,259
Total Units Section 8	967
% Rentals under Section 8	24.6%
% Occupied Section 8	84.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$340	$1,750	$1,410
2 Bedroom	-$180	$1,900	$1,720
3 Bedroom	-$730	$2,800	$2,070
4 Bedroom	$110	$2,400	$2,510