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Providence city, RI

ZIP 02906 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02906

Median Home Value
$582,700
Median Rent
$1,500
Affordability Snapshot
$160,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,743/mo PITI).

18%
Rent-to-Income Ratio

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

5.7x
Home Price-to-Income Ratio

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

32.4 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 02906 in Providence city, RI, a household would need roughly $160,000 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 $3,743. That is about 56% above the local median household income ($102,796), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
50.1%-23% vs US avg
x
Vacancy Rate
7.7%-25% vs US avg
x
Broadband Access
95.1%+9% vs US avg
x
4+ Bedrooms
10.3%-31% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
39.9%+4% vs US avg
x
$582,700
Home Value
$1,500
Rent
1938
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached35.3%
  • 1-unit attached4.1%
  • 2-9 units49.2%
  • 10+ units11.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$582,700
Median rent$1,500
Owner-occupied50.1%
Vacant7.7%
Price-to-income5.7x
Est. income to buy$160,000