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Providence city, RI

ZIP 02903 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02903

Median Home Value
$365,600
Median Rent
$1,446
Affordability Snapshot
$101,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,349/mo PITI).

28%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

21.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02903 in Providence city, RI, a household would need roughly $101,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,349. That is about 60% above the local median household income ($62,987), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
21.9%-66% vs US avg
x
Vacancy Rate
14.3%+39% vs US avg
x
Broadband Access
80.7%-7% vs US avg
x
4+ Bedrooms
1.4%-91% vs US avg
x
Built Pre-1939
4.3%-67% vs US avg
x
Built Post-2014
2.7%-61% vs US avg
x
Rent Burden >30%
19.5%-61% vs US avg
x
Mortgage-Free
25.0%-34% vs US avg
x
$365,600
Home Value
$1,446
Rent
1950
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached3.2%
  • 1-unit attached0.1%
  • 2-9 units35.7%
  • 10+ units61.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$365,600
Median rent$1,446
Owner-occupied21.9%
Vacant14.3%
Price-to-income5.8x
Est. income to buy$101,000