Providence - RI housing market
The Providence metro has a typical home value of $522,248, up 3.6% from a year ago. Homes are moving fast at 14 days on market, a strong seller's market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.
Providence housing market, October 2026
The typical Providence home is worth $522,248 as of September 2026, up 0.3% from the prior month, up 1.0% over three months, and up 3.6% from a year ago. Over the past two years values have ranged from $493,502 to $522,248.
Homes are going pending in about 14 days, slower than the 9 days seen three months earlier. There are roughly 3,782 homes for sale, 9% more than a year ago. 24.6% of listings have taken a price cut (up from 18.0% three months ago).
Typical rent is $2,166 a month, up 4.5% year over year, which puts the price-to-rent ratio at 20.1.
At this week's 7.40% mortgage rate with 20% down ($104,450), the typical Providence home costs about $3,546 a month including tax and insurance, which needs a household income of roughly $152,000 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($522,248) 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 $504,100 last year is now worth roughly $522,248.
The median sale price, what homes actually close for, is $495,891. Homes are selling at 101.1% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Providence - RI sit on the market for roughly 14 days before going pending. Shorter = seller's market; longer = buyer's market.
About 24.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,473 new listings hit the market each month in Providence - RI. There are currently 3,782 homes for sale, up 8.6% from a year ago.
The typical monthly rent in Providence - RI is $2,166, up 4.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 20.1x, renting territory (#48 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,893 a month in principal and interest, $727 more than renting before taxes, insurance and upkeep. The two break even at a 4.70% 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 →
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