October's First-Time Homebuyer Report for Providence

Providence ranks as the eighth-fastest growing city in Rhode Island at a 10-year growth rate of 2.3%. The population of Providence also ranks as the largest with 178,042 people. The neighborhood with the largest population is Wanskuck. With a median age of 67 years, homes in Providence tend to be older than most. The best school in the city is Classical High School.

Price Range

Homes in Providence are generally less expensive than others in the state with a median home value of $136,800 and an average list price of $172,966.

Make sure you take a look at these eye-catching homes in Providence that generated the most views from potential buyers:

$2.2M   $2.8M   $199K  

Typical Dwelling

The typical dwelling in Providence is a three-bedroom detached home worth about $225,986. To purchase a similar home, a buyer with good credit and a $45,197 cash down payment could obtain a mortgage with a 3.95% interest rate and a $979 monthly payment. The property tax rate is $19.05 per $1,000 of taxable assessed value.

Get started right now by checking out Providence homes for sale or reviewing Providence real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
White Lion Real Estate, Inc.
Snapped 5 homes in this area
Broadway Real Estate Group
Snapped 825 homes in this area
Garden City Realtors RI
Snapped 1 home in this area

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