Providence, RI Real Estate

According to census data in the year 2000 there were 67,915 housing units in Providence. This represents a 1.7% growth from 66,794 in 1990.

Of those housing units, 67,915 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Providence is about 34.6%. Providence's vacancy rate, including seasonal lodging, is about 8.1%. Average household size is 2.56 people.

The majority of houses, apartments or condos in Providence were built after 1943.


Housing Size

Housing Units by Size
Studio Type5%
One Bedroom18.90%
Two Bedrooms38%
Three Bedrooms26.70%
Four Bedrooms7.10%
Five Bedrooms or more4.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.91
Median year structure was built1939
Median Value of occupied units$101,500
Median Price asked for vacant units$68,000

Rented Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1948
Median Monthly Rent asked for vacant units$447

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage7.30%
Home Equity Loan6.50%
Simple Mortgage55.70%
Debt Free30.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.9%