The Most Affordable Neighborhoods in Federal Hill, Providence, RI by Home Value

 

Federal Hill, Providence, RI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Federal Hill area can be challenging. Home prices in Federal Hill are now at a median cost of $245,842, lower than the Providence average of $332,634.

The average cost of rent is $1,097/mo in Federal Hill, primarily driven by the current value of real estate in the Federal Hill area. While nearly 37.39% of residents own their homes outright in Federal Hill, 83.10% rent.

Housing affordability isn’t just about home prices, though. The average household income in Federal Hill is $4,506 per month. Households that rent pay about 24.34% of their income on rent here. Federal Hill's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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