The Most Affordable Neighborhoods in Lower South Providence, Providence, RI by Home Value

 

Lower South Providence, Providence, RI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lower South Providence area can be challenging. Home prices in Lower South Providence are now at a median cost of $147,720, lower than the Providence average of $332,634.

The average cost of rent is $916/mo in Lower South Providence, primarily driven by the current value of real estate in the Lower South Providence area. While nearly 26.10% of residents own their homes outright in Lower South Providence, 67.31% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lower South Providence is $4,198 per month. Households that rent pay about 21.81% of their income on rent here. Lower South Providence's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the neighborhood.


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