Home Price Key
Affordable
Average
Expensive
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 $332,634, higher than the Rhode Island average of $323,786.
The average cost of rent is $1,209/mo in Providence, primarily driven by the current value of real estate in the Providence area. While nearly 32.53% of residents own their homes outright in Providence, 33.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Providence is $7,094 per month. Households that rent pay about 17.05% of their income on rent here. Providence's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- North Providence, RI: less expensive homes
- East Providence, RI: less expensive homes
- Johnston, RI: less expensive homes
- Rumford, RI: less expensive homes
- Cranston, RI: less expensive homes
- Pawtucket, RI: less expensive homes
- Central Falls, RI: less expensive homes
- Riverside, RI: less expensive homes
- Seekonk, MA: higher priced homes
- Lincoln, RI: higher priced homes
Cities with Similar Populations
- St. Charles, MO: less expensive homes
- Springfield, MO: less expensive homes
- Southfield, MI: less expensive homes
- Smyrna, GA: equally priced homes
- South Jordan, UT: higher priced homes
- Springfield, OH: less expensive homes
- Springfield, OR: less expensive homes
- Spring Hill, FL: less expensive homes
- Sterling Heights, MI: less expensive homes
- South Hill, WA: higher priced homes
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