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Providence, Rhode Island

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $70K, +2.1% YoY (ZIP); renters hold 55.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +2.1% YoY. inventory, +6.9% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $507,330 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

12 ZIPs in this city:02901 02902 02903 02904 02905 02906 02907 02908 02909 02912 02918 02940

Median Listing Price

$507K

Population

220,495

83,893

Median Days on Market

Active Listings

243

New Listings

130

Housing Market

The median listing price is up 2.1% YoY while the median home got down 16.8% bigger, so value per square foot is up 16.4%.

Pricing

Median Listing Price

$507K+2.1% YoY

Average Listing Price

$630K-0.1% YoY

Price per Sq Ft

$372.362+16.4% YoY

Median Sq Ft

1,348-16.8% YoY

Inventory

Active Listings

243+22.7% YoY

New Listings

130-13.3% YoY

Total Listings

386+6.9% YoY

Buyer Competition

Pending Listings

148-10.8% YoY

Pending Ratio

0.61-27.1% YoY

Median Days on Market

35+10.0% YoY

Price Reduced

13.9%+24.7% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 277,740

278Kunits

Occupied259,21093.3%

Vacant18,5306.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 259,210

259Koccupied

Owner147,56856.9%

Renter111,64243.1%

Renter Share

43.1%-0.7% YoY

Total Housing Units

277,740+0.2% YoY

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 55.8% of this ZIP's 83,893 occupied households, on a median household income of $70K.

Population & Age

Total Population

220,495+0.6% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 220,495

220Kresidents

Under 1844,20720.0%

Adults 18–64148,33667.3%

65 & Over27,95212.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

34.24+0.1% YoY

Population Under 18

44,207-1.4% YoY

Population 65 & Over

27,952+0.3% YoY

Households & Mobility

Total Households

83,893+1.5% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.44-0.6% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.4%

Moved (within US)13.9%

Other1.7%

Veterans

2.4%-0.1% YoY

Income & Poverty

Median Household Income

$70K+2.1% YoY

Per-Capita Income

$38K+2.1% YoY

Mean Household Income

$97K+1.2% YoY

Below Poverty Level

20.4%-0.5% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone61.9%

Public transit3.7%

Worked from home14.1%

Other20.2%

Worked From Home

14.1%+11.1% YoY

Mean Commute

25.31+0.7% YoY

Units & Tenure

Total Housing Units

92,404+0.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 92,404

92Kunits

Occupied83,89390.8%

Vacant8,5119.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 83,893

84Khouseholds

Owner37,05644.2%

Renter46,83755.8%

Avg Household Size — Owner

2.70-0.7% YoY

Avg Household Size — Renter

2.24-0.2% YoY

County Demographics

County population is up 0.9% to 664,854: residents under 18 are up 0.1% and those 65 and over are up 3.0%.

Median Age

38.02024

Population

Providence County Population

675,912+1.3% YoY

Households

Total Households

259,210+1.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.460.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 664,854

665Kresidents

Under 18133,94020.1%

Adults 18–64422,40263.5%

65 & Over108,51216.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

133,940+0.1% YoY

Population 65 & Over

108,512+3.0% YoY

Median Age

38.00+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.9%

Moved (within US)11.0%

Other1.1%

Veterans

4.0%-4.8% YoY

County Economy

County median household income is $79K, 13.4% of residents are below the poverty level, 12.3% work from home.

Income

Median Household Income

$79K+0.7% YoY

Per-Capita Income

$42K+2.0% YoY

Mean Household Income

$103K+1.6% YoY

Poverty

Below Poverty Level

13.4%+3.1% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone70.7%

Public transit2.3%

Worked from home12.3%

Other14.7%

Worked From Home

12.3%+12.8% YoY

Mean Commute

25.90+1.2% YoY

Done with Providence? Put it next to another market.

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Providence, Rhode Island

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $70K, +2.1% YoY (ZIP); renters hold 55.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +2.1% YoY. inventory, +6.9% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

12 ZIPs in this city:02901 02902 02903 02904 02905 02906 02907 02908 02909 02912 02918 02940

Median Listing Price

$507K

Population

220,495

83,893

Median Days on Market

Active Listings

243

New Listings

130

Housing Market

The median listing price is up 2.1% YoY while the median home got down 16.8% bigger, so value per square foot is up 16.4%.

Pricing

Median Listing Price

$507K+2.1% YoY

Average Listing Price

$630K-0.1% YoY

Price per Sq Ft

$372.362+16.4% YoY

Median Sq Ft

1,348-16.8% YoY

Inventory

Active Listings

243+22.7% YoY

New Listings

130-13.3% YoY

Total Listings

386+6.9% YoY

Buyer Competition

Pending Listings

148-10.8% YoY

Pending Ratio

0.61-27.1% YoY

Median Days on Market

35+10.0% YoY

Price Reduced

13.9%+24.7% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 277,740

278Kunits

Occupied259,21093.3%

Vacant18,5306.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 259,210

259Koccupied

Owner147,56856.9%

Renter111,64243.1%

Renter Share

43.1%-0.7% YoY

Total Housing Units

277,740+0.2% YoY

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 55.8% of this ZIP's 83,893 occupied households, on a median household income of $70K.

Population & Age

Total Population

220,495+0.6% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 220,495

220Kresidents

Under 1844,20720.0%

Adults 18–64148,33667.3%

65 & Over27,95212.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

34.24+0.1% YoY

Population Under 18

44,207-1.4% YoY

Population 65 & Over

27,952+0.3% YoY

Households & Mobility

Total Households

83,893+1.5% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.44-0.6% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.4%

Moved (within US)13.9%

Other1.7%

Veterans

2.4%-0.1% YoY

Income & Poverty

Median Household Income

$70K+2.1% YoY

Per-Capita Income

$38K+2.1% YoY

Mean Household Income

$97K+1.2% YoY

Below Poverty Level

20.4%-0.5% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone61.9%

Public transit3.7%

Worked from home14.1%

Other20.2%

Worked From Home

14.1%+11.1% YoY

Mean Commute

25.31+0.7% YoY

Units & Tenure

Total Housing Units

92,404+0.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 92,404

92Kunits

Occupied83,89390.8%

Vacant8,5119.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 83,893

84Khouseholds

Owner37,05644.2%

Renter46,83755.8%

Avg Household Size — Owner

2.70-0.7% YoY

Avg Household Size — Renter

2.24-0.2% YoY

County Demographics

County population is up 0.9% to 664,854: residents under 18 are up 0.1% and those 65 and over are up 3.0%.

Median Age

38.02024

Population

Providence County Population

675,912+1.3% YoY

Households

Total Households

259,210+1.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.460.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 664,854

665Kresidents

Under 18133,94020.1%

Adults 18–64422,40263.5%

65 & Over108,51216.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

133,940+0.1% YoY

Population 65 & Over

108,512+3.0% YoY

Median Age

38.00+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.9%

Moved (within US)11.0%

Other1.1%

Veterans

4.0%-4.8% YoY

County Economy

County median household income is $79K, 13.4% of residents are below the poverty level, 12.3% work from home.

Income

Median Household Income

$79K+0.7% YoY

Per-Capita Income

$42K+2.0% YoY

Mean Household Income

$103K+1.6% YoY

Poverty

Below Poverty Level

13.4%+3.1% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone70.7%

Public transit2.3%

Worked from home12.3%

Other14.7%

Worked From Home

12.3%+12.8% YoY

Mean Commute

25.90+1.2% YoY

Done with Providence? Put it next to another market.