The housing market in Providence, RI is thriving. The median value of a home in the area is $350,800, which is slightly above the US median of $338,100. In the past year, homes have appreciated by 8.27%, which is higher than the US average of 10.01%. This suggests that Providence is a great place to make an investment in real estate and indicates that the local housing market is growing at a healthy rate.
The median home cost in Providence is $350,800. Home appreciation the last 10 years has been 100.0%. Home Appreciation in Providence is up 13.6%.
Average Age of Homes
- The median age of Providence real estate is 78 years old
The Rental Market in Providence
- Renters make up 55.7% of the Providence population
- 3.8% of houses and apartments in 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.