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East Providence, RI—02915

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$423,000
1.8% YoY Growth
Household Income
$90,600
46.1% YoY Growth
Days on Market
48
10.0% Longer YoY
Home Price Forecast
2.9%
Median Rent
$2,090
3.8% YoY Growth
1-Bed Rent
$1,770
1.0% YoY Growth
2-Bed Rent
$2,110
7.7% YoY Growth
3-Bed Rent
$2,580
2.2% YoY Growth

Other Zip Codes in East Providence, RI

0291602914
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — East Providence, RI

As of Dec '25, the median home price in East Providence, RI is $423,000, with a year-over-year change of 1.8%. This indicates that home prices in East Providence, RI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$423,0001.8%
Single Family $426,0001.7%
Condos $313,0004.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $298,000
    1.7%
    2 Bed
    		$365,0001.1%
    3 Bed
    		$435,0001.6%
    4 Bed
    		$474,0001.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.5%
    1 Bedroom
    16.4%
    2 Bedrooms
    31.4%
    3 Bedrooms
    38.2%
    4 Bedrooms
    8.0%
    5+ Bedrooms
    2.5%

    Rental Trends — East Providence, RI

    As of July '25, Rentcast reports the average rent in East Providence, RI is $2,190, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in East Providence, RI is studios: $1,370, 1-bedrooms: $1,940, 2-bedrooms: $2,240, 3-bedrooms: $2,730, 4-bedrooms: $2,570. The most common rental property sizes in East Providence, RI are 1-bedroom and 2-bedroom, accounting for 41.0% and 39.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,090$2,190
    Studio Rent $1,370$1,370
    1 Bed Rent $1,770$1,940
    2 Bed Rent $2,110$2,240
    3 Bed Rent $2,580$2,730
    4 Bed Rent $2,500$2,570
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    % of Rental Stock

    Studio
    5.9%
    1 Bedroom
    41.0%
    2 Bedrooms
    39.3%
    3 Bedrooms
    13.5%
    4 Bedrooms
    0.4%

    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 25. This is a decrease of -6.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$457,00015.0%
    Listing Count
    		343.0%
    Listings as % of Homes0.4%3.0%
    Days on Market
    		4810.0%
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    Demographics — East Providence, RI

    As of the latest ACS Survey released in 2023, East Providence, RI has a population of 16,800, which has increased by 1.2% over the past 5 years. East Providence, RI is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		16,8001.2%
    % Under 18
    		16.9%8.3%
    % Seniors
    		19.9%3.1%
    % WFH
    		9.9%560.0%
    % w/ College Degree
    		36.2%25.7%
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    As of the latest ACS Survey released in 2023, East Providence, RI is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in East Providence, RI is hispanic, making up 7.4% of the population. Foreign-born residents account for 8.1% of the population in East Providence, RI, and this percentage has decreased by 9.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		77.3%-11.3%
    % Black
    		3.5%12.9%
    % Hispanic
    		7.4%289.5%
    % Asian
    		2.2%-46.3%
    % Foreign Born
    		8.1%-9.0%
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    Mortgage and Risk — East Providence, RI

    According to HUD data as of 2023, there were 386 mortgage originations in East Providence, RI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in East Providence, RI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		386
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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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 22.3%. 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 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
    		740
    Total Units Section 8
    		610
    % Rentals under Section 8
    		22.3%
    % Occupied Section 8
    		88.8%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$340$1,770$1,430
    2 Bedroom-$360$2,110$1,750
    3 Bedroom-$470$2,580$2,110
    4 Bedroom$60$2,500$2,560

    Affordability — East Providence, RI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.9
    Median Home Price$423,000
    Median Household Income$90,600

    East Providence, RI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    East Providence, RI

    02914

    Barrington, RI

    02806

    Providence, RI

    02905

    East Providence, RI

    02916

    Warwick, RI

    02888

    Frequently Asked Questions