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Affordable
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These days, finding an affordable place to live in the Providence area can be challenging. Home prices in Providence are now at a median cost of $143,954, lower than the Arkansas average of $207,061.
The average cost of rent is $779/mo in Providence, primarily driven by the current value of real estate in the Providence area. In Providence, 28.80% of households rent, and 72.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Providence is $4,559 per month. Households that rent pay about 17.08% of their income on rent here. Providence’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Judsonia, AR: equally priced homes
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- Pangburn, AR: higher priced homes
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Cities with Similar Populations
- Zap, ND: higher priced homes
- Wyola, AR: higher priced homes
- Arkansas City, AR: less expensive homes
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- Andersons Crossroads, NC: equally priced homes
- Anatone, WA: higher priced homes
- Anaktuvuk Pass, AK: less expensive homes
- Amherst, SD: equally priced homes
- Ambia, IN: higher priced homes
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