The story of this market
The typical home in Providence, Rhode Island sells for about $525,000, or $325 per square foot.
Prices are up +4.95% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $2,400 a month.
Monthly price momentum
Home values since 2015
+5.7%
RI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Providence, Rhode Island
The Providence housing market is showing signs of stabilization with moderate price growth and a slight increase in inventory. While supply remains tight, recent permitting activity and urban development projects are beginning to address long-term housing needs. The market remains competitive, driven by the city's strong institutional anchors and ongoing revitalization efforts.
No ARED county foreclosure postings attributed to Providence yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price diverges 17.7% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Deterministic aggregate of 11 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 3.1% year over year.
Homes spend a median of 21 days on market with 0.0 months of supply — a fast-moving market.
5% of listings have cut prices · homes sell at 1.07% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 22.4% — a mixed stability profile.
- Supercharged Entertainment4.516.3 mi
- Urban Air Trampoline and Adventure Park4.517.9 mi
- United Skates of America4.33.4 mi
- R1 Indoor Karting | Time Mission, Dart City, Mission Box & Axe Bar4.64.3 mi
- Dave & Buster's Providence4.20.3 mi
- Gillette Stadium4.619.9 mi
- The Xfinity Center4.215.3 mi
- Supercharged Entertainment4.516.3 mi
- Patriot Place4.619.9 mi
- Amica Mutual Pavilion4.40.3 mi
- Bally's Lincoln3.94.8 mi
- Roger Williams Park Zoo4.62.4 mi
- Colt State Park4.811.8 mi
- RISD Museum4.70.3 mi
- Lincoln Woods State Park4.65.2 mi
- RISD Museum4.70.3 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.815.8 mi
- Providence Children's Museum4.60.6 mi
- Newport Car Museum4.918.9 mi
- Blithewold Manor, Gardens & Arboretum4.714 mi
- Colt State Park4.811.8 mi
- Lincoln Woods State Park4.65.2 mi
- Roger Williams Park4.72.2 mi
- Goddard Memorial State Park4.611.6 mi
- Rocky Point State Park4.79.6 mi
- East Providence Yacht Club4.31.4 mi
- Rhode Island Yacht Club4.64.2 mi
- Fairwinds Marina4.69.5 mi
- Topgolf Rhode Island4.35.5 mi
- TPC Boston4.714.6 mi
- Kirkbrae Country Club4.68.8 mi
- Triggs Memorial Golf Course4.22.5 mi
- Swansea Country Club4.48.5 mi
- Wrentham Village Premium Outlets4.515.2 mi
- Providence Place4.40.4 mi
- Warwick Mall4.37.6 mi
- Garden City Center4.65 mi
- Emerald Square Mall49 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A massive 435-acre Victorian-era park featuring a zoo, botanical center, and lakes, serving as the city's primary green space.
An Ivy League institution that serves as a major cultural and economic anchor for the city's East Side.
A large regional shopping mall located in the heart of downtown, serving as a major retail destination.
Providence is well-suited for urban-dwelling professionals, students, and families who value historic character and proximity to major educational and healthcare institutions. The city's competitive market and ongoing revitalization efforts also attract long-term investors looking for growth in a dense, transit-oriented environment.
The Providence public school system faces significant challenges, with many schools receiving lower performance ratings compared to suburban districts in Rhode Island. Efforts are ongoing to improve educational outcomes through district-wide reforms and increased state oversight.
The city is served by a network of bus routes managed by RIPTA and is a key stop on the MBTA Commuter Rail line to Boston. Highway access is provided by I-95 and I-195, which intersect near the downtown core.
Providence offers a rich amenity base including the expansive Roger Williams Park, numerous historic districts, and a vibrant downtown dining and arts scene. Residents benefit from proximity to major universities and the scenic waterfront, which serves as a hub for community events and recreation.
The rental market in Providence is characterized by high demand and low vacancy rates, with rents currently trending above the national average. Investor interest remains strong, though the city is actively working to increase housing supply to alleviate pressure on renters.
Providence's economy is anchored by the 'Eds and Meds' sector, with Brown University and major hospital systems serving as the largest employers. The city is also a hub for government and financial services, contributing to a diverse but education-heavy labor market.
The city is experiencing a period of urban revitalization, driven by significant investments in the waterfront and downtown connectivity projects. Major employers in education, healthcare, and government provide a stable economic base, while new residential developments aim to address housing shortages.
The city is currently focused on infill housing projects and downtown connectivity improvements to support a growing population. Recent initiatives aim to streamline the permitting process to meet state-mandated housing production goals.
Parcels in Providence are subject to municipal property taxes and may fall within specific historic or redevelopment districts that influence land use and development standards.
Providence experiences crime rates that are generally higher than the national average, with property and violent crime trends remaining a focus for local law enforcement. The city's urban density contributes to these figures, which are typical for a regional capital of its size.
Providence faces moderate risks from coastal flooding and storm surges due to its location at the head of Narragansett Bay. Insurance premiums in low-lying areas are influenced by these environmental factors and the city's historical flood mitigation infrastructure.
Property insurance in Providence is influenced by the city's coastal geography and the associated risks of storm-related damage. Market health is stable, though premiums reflect the regional climate risk profile.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Rhode Island) — Local Property Tax Assessment: Property is assessed at full and fair cash value. The tax is calculated by multiplying the assessed value by the local tax rate (mill rate). Municipalities may apply homestead exemptions or tax classifications (residential vs. commercial) as authorized by state law.
Data retrieved from data.census.gov; figures represent city-level estimates.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.