Providence - RI housing market
The Providence metro has a typical home value of $529,756, up 3.4% from a year ago. Homes are moving fast at 11 days on market, a strong seller's market. 20% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($529,756) 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 3.4% over the past year. In Providence - RI, that means a home worth $512,337 last year is now worth roughly $529,756.
The median sale price, what homes actually close for, is $493,341. 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 11 days before going pending. Shorter = seller's market; longer = buyer's market.
About 20.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,610 new listings hit the market each month in Providence - RI. There are currently 3,562 homes for sale, up 4.7% from a year ago.
The typical monthly rent in Providence - RI is $2,180, up 3.9% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 20.3x, renting territory (#48 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $2,723 a month in principal and interest, $543 more than renting before taxes, insurance and upkeep. The two break even at a 4.63% 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 September 2026. Methodology →
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