The Most Affordable Neighborhoods in Providence, FL by Home Value

 

Providence, FL Map of Most Affordable Neighborhoods
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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 $110,211, lower than the Florida average of $278,762.

The average cost of rent is $696/mo in Providence, primarily driven by the current value of real estate in the Providence area. While nearly 50.19% of residents own their homes outright in Providence, 23.29% rent.

Housing affordability isn’t just about home prices, though. The average household income in Providence is $3,899 per month. Households that rent pay about 17.85% of their income on rent here. Providence's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.


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