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Providence city, RI

ZIP 02909 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02909

Median Home Value
$283,800
Median Rent
$1,068
Affordability Snapshot
$78,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,823/mo PITI).

20%
Rent-to-Income Ratio

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

4.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.1 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 02909 in Providence city, RI, a household would need roughly $78,000 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 $1,823. That is about 22% above the local median household income ($63,950), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
39.2%-40% vs US avg
x
Vacancy Rate
15.6%+51% vs US avg
x
Broadband Access
90.3%+4% vs US avg
x
4+ Bedrooms
1.4%-91% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
19.0%-62% vs US avg
x
Mortgage-Free
24.5%-36% vs US avg
x
$283,800
Home Value
$1,068
Rent
1938
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached18.6%
  • 1-unit attached4.4%
  • 2-9 units60.6%
  • 10+ units16.3%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$283,800
Median rent$1,068
Owner-occupied39.2%
Vacant15.6%
Price-to-income4.4x
Est. income to buy$78,000