Providence - RI housing market

The typical Providence home is worth $525,363 as of August 2026, up 0.4% from the prior month, up 0.8% over three months, and up 3.6% from a year ago. Over the past two years values have ranged from $495,298 to $525,363.

Homes are going pending in about 13 days, slower than the 10 days seen three months earlier. There are roughly 3,690 homes for sale, 6% more than a year ago. 22.1% of listings have taken a price cut (up from 16.4% three months ago).

Typical rent is $2,167 a month, up 4.6% year over year, which puts the price-to-rent ratio at 20.2.

At this week's 7.40% mortgage rate with 20% down ($105,073), the typical Providence home costs about $3,567 a month including tax and insurance, which needs a household income of roughly $152,900 to stay under a 28% payment-to-income ratio.

The typical home value ($525,363) is the Zillow Home Value Index for the Providence - RI metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.6% over the past year. In Providence - RI, that means a home worth $507,107 last year is now worth roughly $525,363.

The median sale price, what homes actually close for, is $492,005. Homes are selling at 101.4% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Providence - RI sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,553 new listings hit the market each month in Providence - RI. There are currently 3,690 homes for sale, up 6.4% from a year ago.

The typical monthly rent in Providence - RI is $2,167, up 4.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 20.2x, renting territory (#47 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,910 a month in principal and interest, $743 more than renting before taxes, insurance and upkeep. The two break even at a 4.65% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →