Foreclosures in Providence, RI

Current Market Conditions in Providence, RI

The real estate market in Providence has shown a steady increase in demand over the last year, thanks to a growing population and urban revitalization efforts. With rising interest in the arts and culture scene, as well as its proximity to top educational institutions, more homebuyers are seeking property in the area.

Homes in Providence are appreciated for their unique character, and while prices have increased, many still find this city offers affordable options compared to nearby metropolitan areas. Condo developments and lofts have become particularly popular among young professionals and students.

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.