Zip 02907 (Providence, RI) Housing

The housing market in 02907 Providence, RI is doing very well. The median value of a house in this area is $293,400, which is much less than the US median value of $338,100. However, the appreciation rate on houses in 02907 Providence, RI has seen a 10.01% increase over the past year- much higher than the national average of 8.27%. This indicates that the area is experiencing healthy growth and appreciation in regards to housing prices, making it an attractive place for potential homeowners.

The median home cost in Providence (zip 02907) is $293,400. Home appreciation the last 10 years has been 100.0%. Home Appreciation in Providence (zip 02907) is up 13.6%.

Average Age of Homes

- The median age of Providence (zip 02907) real estate is 78 years old

The Rental Market in Providence (zip 02907)

- Renters make up 60.2% of the Providence (zip 02907) population
- 2.6% of houses and apartments in Providence (zip 02907), 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
	11,658.0	139,647,020.0
	66	42
	$293,400	$338,100
	13.6%	16.6%
	61.0%	57.0%
	100.0%	101.1%
	$15.14	$10.98
	$3,307	$2,690
	27.5%	57.4%
	9.2%	11.2%
	63.3%	31.4%
Vacant Housing
	2.6%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	2.7%	2.6%
	0.4%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.7%	4.5%
	10.1%	11.3%
	28.1%	13.0%
	38.6%	20.1%
	13.1%	13.6%
	0.7%	8.3%
	4.4%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.8%	13.6%
	7.8%	13.6%
	5.0%	13.6%
	6.1%	13.2%
	6.8%	14.8%
	5.0%	13.6%
	7.8%	10.0%
	3.9%	4.7%
	58.0%	12.2%

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