Providence, RI housing market
Typical home value
$432K
▲ 2.3% 1 yr
Typical rent
$2,190/mo
▲ 4.8% 1 yr
Gross rent yield
6.1%
U.S. 6.3%
5-year home value change
+33%
U.S. +20%
Key takeaways
- 1The typical home in Providence is worth $431,740, up 2.3% over the past year and up 33% over five years.
- 2Typical rent is $2,190 a month (+4.8% YoY), a gross rent yield of 6.1% (above the Providence, RI metro's 5.0%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,373/mo, $183 more than typical rent.
- 4Zillow forecasts the Providence, RI metro's home values to change +2.6% over the next 12 months.
Market temperature (Providence, RI metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 54/100, #88 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Providence compares
| Measure | Providence | Providence, RI metro | United States |
|---|---|---|---|
| Typical home value | $431,740 | $522,248 | $366,157 |
| Home value, 1-yr change | +2.3% | +3.6% | +1.2% |
| Typical rent | $2,190 | $2,166 | $1,932 |
| Rent, 1-yr change | +4.8% | +4.2% | +2.7% |
| Gross rent yield | 6.1% | 5.0% | 6.3% |
| Price-to-rent ratio | 16.4 | 20.1 | 15.8 |
| Mortgage P&I, typical home | $2,373 | $2,870 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Providence rental, pre-filled.
Rent vs buy in Providence
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $432K home.
Other cities in the Providence, RI metro
New Bedford, MA
$439K home$1,811 rent
▲ 3.4% 1 yr
Fall River, MA
$448K home$1,888 rent
▲ 2.1% 1 yr
Cranston, RI
$455K home$2,092 rent
▲ 1.8% 1 yr
Pawtucket, RI
$399K home$1,866 rent
▲ 1.8% 1 yr
Warwick, RI
$421K home$2,235 rent
▲ 4.3% 1 yr
Taunton, MA
$517K home$2,069 rent
▲ 3.9% 1 yr
East Providence, RI
$445K home$1,998 rent
▲ 2.1% 1 yr
Attleboro, MA
$536K home$2,366 rent
▲ 2.9% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.