Providence, Rhode Island Real Estate Market Analysis

dynamic.RE

Providence, Rhode Island

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

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-24.8%

Faster

Price vs US

113%

Above avg

Median Listing Price

$496K

Population

220,495

Households

83,893

Median Days on Market

Active Listings

207

New Listings

112

Housing Market

Pricing

Median Listing Price

$496K-2.2% YoY

Average Listing Price

$634K-1.6% YoY

Price per Sq Ft

$370.116+13.0% YoY

Median Sq Ft

1,377-15.8% YoY

Inventory

Active Listings

207-0.5% YoY

New Listings

112+3.7% YoY

Total Listings

403+1.8% YoY

Buyer Competition

Pending Listings

201+7.5% YoY

Pending Ratio

0.97+7.6% YoY

Median Days on Market

32-15.0% YoY

Price Reduced

7.2%-34.4% YoY

Units & Occupancy

2024 Occupancy

278Kunits

Occupied259,21093.3%
Vacant18,5306.7%

2024 Tenure

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.

Population & Age

Total Population

220,495+0.6% YoY

2024 Age Mix

220Kresidents

Under 1844,20720.0%
Adults 18–64148,33667.3%
65 & Over27,95212.7%

Age Composition Over Time2019–2024

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

--Not reported for this area (ACS).

Avg Household Size

2.44-0.6% YoY

2024 Residential Mobility

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

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

92Kunits

Occupied83,89390.8%
Vacant8,5119.2%

2024 Tenure

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

Median Age

38.02024

Population

Providence County Population

675,912+1.3% YoY

Households

Total Households

259,210+1.1% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.460.0% YoY

Age

2024 Age Mix

665Kresidents

Under 18133,94020.1%
Adults 18–64422,40263.5%
65 & Over108,51216.3%

Age Composition Over Time2017–2024

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

of residents

Same house87.9%
Moved (within US)11.0%
Other1.1%

Veterans

4.0%-4.8% YoY

County Economy

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

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

Providence, Rhode Island

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

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-24.8%

Faster

Price vs US

113%

Above avg

Median Listing Price

$496K

Population

220,495

Households

83,893

Median Days on Market

Active Listings

207

New Listings

112

Housing Market

Pricing

Median Listing Price

$496K-2.2% YoY

Average Listing Price

$634K-1.6% YoY

Price per Sq Ft

$370.116+13.0% YoY

Median Sq Ft

1,377-15.8% YoY

Inventory

Active Listings

207-0.5% YoY

New Listings

112+3.7% YoY

Total Listings

403+1.8% YoY

Buyer Competition

Pending Listings

201+7.5% YoY

Pending Ratio

0.97+7.6% YoY

Median Days on Market

32-15.0% YoY

Price Reduced

7.2%-34.4% YoY

Units & Occupancy

2024 Occupancy

278Kunits

Occupied259,21093.3%
Vacant18,5306.7%

2024 Tenure

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.

Population & Age

Total Population

220,495+0.6% YoY

2024 Age Mix

220Kresidents

Under 1844,20720.0%
Adults 18–64148,33667.3%
65 & Over27,95212.7%

Age Composition Over Time2019–2024

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

--Not reported for this area (ACS).

Avg Household Size

2.44-0.6% YoY

2024 Residential Mobility

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

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

92Kunits

Occupied83,89390.8%
Vacant8,5119.2%

2024 Tenure

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

Median Age

38.02024

Population

Providence County Population

675,912+1.3% YoY

Households

Total Households

259,210+1.1% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.460.0% YoY

Age

2024 Age Mix

665Kresidents

Under 18133,94020.1%
Adults 18–64422,40263.5%
65 & Over108,51216.3%

Age Composition Over Time2017–2024

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

of residents

Same house87.9%
Moved (within US)11.0%
Other1.1%

Veterans

4.0%-4.8% YoY

County Economy

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

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