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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5% |
| One Bedroom | 18.90% |
| Two Bedrooms | 38% |
| Three Bedrooms | 26.70% |
| Four Bedrooms | 7.10% |
| Five Bedrooms or more | 4.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.91 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $101,500 |
| Median Price asked for vacant units | $68,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $447 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 55.70% |
| Debt Free | 30.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.9% |
