Providence-Warwick Metro Area, RI Housing

The housing market in Providence-Warwick, RI Metro Area is booming. The median value of homes in the metro area is $430,100, which is significantly higher than the national median value of homes of $338,100. Furthermore, over the past year, house values have appreciated by 12.66%, which far outpaces the national appreciation rate of 8.27%. This indicates that now is an ideal time for people to invest in this area and take advantage of the highly profitable real estate market.

The median home cost in Providence-Warwick Metro Area is $430,100. Home appreciation the last 10 years has been 90.5%. Home Appreciation in Providence-Warwick Metro Area is up 14.3%.

Average Age of Homes

- The median age of Providence-Warwick Metro Area real estate is 57 years old

The Rental Market in Providence-Warwick Metro Area

- Renters make up 34.9% of the Providence-Warwick Metro Area population
- 1.6% of houses and apartments in Providence-Warwick Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Providence-Warwick, Rhode Island	United States
	723,480.0	139,647,020.0
	60	42
	$430,100	$338,100
	14.3%	16.6%
	57.9%	57.0%
	90.5%	101.1%
	$14.31	$10.98
	$4,381	$2,690
	56.3%	57.4%
	9.5%	11.2%
	34.1%	31.4%
Vacant Housing
	1.6%	1.9%
	0.5%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	2.8%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.9%	2.4%
	0.4%	2.8%
	0.5%	3.9%
	0.7%	4.5%
	3.4%	11.3%
	9.3%	13.0%
	31.4%	20.1%
	24.1%	13.6%
	12.7%	8.3%
	10.9%	9.7%
	2.6%	3.9%
	1.0%	2.2%
	0.3%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.1%	13.6%
	6.1%	13.6%
	8.1%	13.6%
	11.2%	13.2%
	12.1%	14.8%
	8.1%	13.6%
	11.5%	10.0%
	6.0%	4.7%
	31.4%	12.2%

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