Zip 02908 (Providence, RI) Housing

The housing market in 02908 Providence, RI is a thriving one. The median value of homes in this area is $332,700, which is slightly lower than the US House Median Value of $338,100. However, the 1 year house appreciation rate in 02908 Providence, RI is 10.01%, which is significantly higher than the US 1 year house appreciation rate of 8.27%. This shows that the housing market here is holding steady and has had an increase in value over the past year. The strong appreciation rate indicates that this area has been attractive to potential buyers and will likely remain so in the future.

The median home cost in Providence (zip 02908) is $332,700. Home appreciation the last 10 years has been 100.0%. Home Appreciation in Providence (zip 02908) is up 13.6%.

Average Age of Homes

- The median age of Providence (zip 02908) real estate is 78 years old

The Rental Market in Providence (zip 02908)

- Renters make up 50.0% of the Providence (zip 02908) population
- 5.0% of houses and apartments in Providence (zip 02908), 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
	17,323.0	139,647,020.0
	66	42
	$332,700	$338,100
	13.6%	16.6%
	61.0%	57.0%
	100.0%	101.1%
	$15.21	$10.98
	$3,499	$2,690
	40.9%	57.4%
	17.0%	11.2%
	42.1%	31.4%
Vacant Housing
	5.0%	1.9%
	2.3%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	8.7%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	1.1%	2.4%
	0.6%	2.8%
	0.7%	3.9%
	0.7%	4.5%
	9.8%	11.3%
	22.6%	13.0%
	43.6%	20.1%
	11.3%	13.6%
	2.7%	8.3%
	2.6%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	2.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.4%	13.6%
	2.4%	13.6%
	4.9%	13.6%
	5.0%	13.2%
	7.9%	14.8%
	4.9%	13.6%
	9.8%	10.0%
	9.6%	4.7%
	53.3%	12.2%

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