The housing market in North Providence, RI is doing very well. The median value of homes in the area is $336,400, which is slightly lower than the US house median value of $338,100. However, the 1 year house appreciation rate in North Providence is 10.01%, which is higher than the US average of 8.27%. This indicates that there has been a strong increase in home values over the past year and this trend seems to be continuing. Investing in real estate in this area could be a lucrative option for those interested.
The median home cost in North Providence is $336,400. Home appreciation the last 10 years has been 100.0%. Home Appreciation in North Providence is up 13.6%.
Average Age of Homes
- The median age of North Providence real estate is 48 years old
The Rental Market in North Providence
- Renters make up 35.2% of the North Providence population
- 2.1% of houses and apartments in North Providence, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.