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Providence city, RI

ZIP 02905 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02905

Median Home Value
$322,700
Median Rent
$976
Affordability Snapshot
$89,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,073/mo PITI).

21%
Rent-to-Income Ratio

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

5.6x
Home Price-to-Income Ratio

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

27.6 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 02905 in Providence city, RI, a household would need roughly $89,000 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 $2,073. That is about 56% above the local median household income ($57,126), 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
51.0%-22% vs US avg
x
Vacancy Rate
5.8%-43% vs US avg
x
Broadband Access
82.8%-5% vs US avg
x
4+ Bedrooms
3.3%-78% vs US avg
x
Built Pre-1939
5.2%-59% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
27.1%-45% vs US avg
x
Mortgage-Free
26.8%-30% vs US avg
x
$322,700
Home Value
$976
Rent
1938
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached39.1%
  • 1-unit attached1.8%
  • 2-9 units46.6%
  • 10+ units11.9%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$322,700
Median rent$976
Owner-occupied51.0%
Vacant5.8%
Price-to-income5.6x
Est. income to buy$89,000