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Providence, RI Real Estate

Providence anchors one of Rhode Island's largest metro areas with a population of about 190,214. The median home value is near $322,800, and median rent runs around $1,333/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$322,800
Median Rent
$1,333/mo
Population
190,214
Median Income
$66,772
Median Age
32.9
Homeownership
41.2%

Monthly payment on a median Providence home

Example for a $322,800 home: 20% down, 30-yr at ~6.75%, RI property tax ~1.40%, 0.4% insurance.

Est. monthly (PITI)
$2,159
Principal & interest
$1,675
Property tax / mo
$377
Down payment (20%)
$64,560

Providence at a glance

  • 18.3% of residents 25+ hold a bachelor's degree or higher.
  • 41.2% of occupied homes are owner-occupied.
  • Median household income is $66,772.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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