East Providence, RI—02914
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Providence, RI
As of Nov '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 | N/A | N/A |
2 Bed | $364,000 | -1.6% |
3 Bed | $412,000 | -0.5% |
4 Bed | $439,000 | 0.5% |
| 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 $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 |
% of Rental Stock
Property Listings — East Providence, RI
As of Nov '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 | 6.0% |
Listing Count | 35 | 14.0% |
| Listings as % of Homes | 0.2% | 14.0% |
Days on Market | 45 | 47.0% |
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% |
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% |
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% |
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 |
Affordability — East Providence, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $406,000 |
| Median Household Income | $60,800 |