Zip 02905 (Providence, RI) Housing

The housing market in Providence, RI (zip code 02905) is above the US median value at $346,400. This is a positive indication of the local real estate market. Furthermore, the one year house appreciation rate for Providence is 10.01%, which is higher than the nationwide average of 8.27%. This suggests that now is an ideal time to invest in a property in the area, as it will likely appreciate in value more quickly than other markets in the US.

The median home cost in Providence (zip 02905) is $346,400. Home appreciation the last 10 years has been 100.0%. Home Appreciation in Providence (zip 02905) is up 13.6%.

Average Age of Homes

- The median age of Providence (zip 02905) real estate is 78 years old

The Rental Market in Providence (zip 02905)

- Renters make up 46.6% of the Providence (zip 02905) population
- 1.1% of houses and apartments in Providence (zip 02905), 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, Rhode Island	United States
	10,660.0	139,647,020.0
	66	42
	$346,400	$338,100
	13.6%	16.6%
	61.0%	57.0%
	100.0%	101.1%
	$17.02	$10.98
	$4,140	$2,690
	44.3%	57.4%
	7.5%	11.2%
	48.2%	31.4%
Vacant Housing
	1.1%	1.9%
	0.9%	0.4%
	0.4%	0.7%
	0.4%	0.4%
	0.3%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	0.8%	2.4%
	0.0%	2.8%
	1.2%	3.9%
	2.8%	4.5%
	7.9%	11.3%
	16.3%	13.0%
	35.8%	20.1%
	20.0%	13.6%
	6.7%	8.3%
	5.1%	9.7%
	0.0%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.8%	13.6%
	3.8%	13.6%
	2.3%	13.6%
	2.9%	13.2%
	5.4%	14.8%
	2.3%	13.6%
	7.4%	10.0%
	5.6%	4.7%
	64.2%	12.2%

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