Providence, RI Foreclosures
How much do homes sell for in Providence, RI?
The average home price is currently $522,356.
In Providence, RI, how many homes are available?
There are currently 2 active home listings available in Providence.
What’s the average rental cost in Providence, RI?
The average rental price in Providence is $1,770.
What is the most expensive home in Providence?
The most expensive home sold in Providence had a price of $89,304,920.
What is currently the cheapest priced home in Providence, RI?
The cheapest home for sale in Providence is priced at $12,819.
Living in Providence, RI
Providence, RI, is a dynamic city with a rich cultural heritage, exceptional dining, and lively arts scene. Known for its prestigious universities and historic districts, Providence offers a unique blend of urban amenities and scenic outdoor spaces. The city is well-connected and promotes a thriving community life.
Current Market Conditions in Providence, RI
The real estate market in Providence, RI, has shown promising trends with a steady increase in home prices over the last year. The demand for housing is high, driven by its favorable location, educational institutions, and the growing economy. Investors are particularly interested in the market due to its potential for appreciation and relatively affordable home prices compared to nearby Boston.
Increased interest in urban living post-pandemic has led to a surge in demand for downtown properties. Many buyers and renters are looking for homes that are within walking distance to amenities, public transportation, and cultural venues. The rental market is also competitive, with a noticeable uptick in occupancy rates.
Home Value Estimator For Providence, RI
There are currently 62,468 real estate properties
in Providence, RI,
with a median automated valuation model (AVM) price
of $392,348.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Providence, RI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Providence, RI,
is $522,356.00, with the most expensive house
in Providence, RI, topping out
at $89,304,920.00 and the cheapest home
in Providence, RI,
clocking in at $12,819.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Providence, RI!
Rent Prices
In Providence, RI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Providence, RI, is on
a rollercoaster ride. The
average rent price in Providence, RI,
is $1,770.00. Indeed, when looking to rent in
Providence, RI, you can expect to pay as little
as $710.00 or as much
as $4,500.00,
with the average rent median estimated to
be $1,630.00. The good news is that finding
an affordable and desirable property to rent in Providence, RI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
