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Providence city, RI

ZIP 02907 — 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 02907

Median Home Value
$311,600
Median Rent
$942
Affordability Snapshot
$86,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,002/mo PITI).

23%
Rent-to-Income Ratio

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

6.3x
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 02907 in Providence city, RI, a household would need roughly $86,000 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 $2,002. That is about 74% above the local median household income ($49,564), 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
37.4%-43% vs US avg
x
Vacancy Rate
6.3%-38% vs US avg
x
Broadband Access
87.2%+0% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
6.5%-49% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
31.1%-38% vs US avg
x
Mortgage-Free
21.6%-43% vs US avg
x
$311,600
Home Value
$942
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 detached22.2%
  • 1-unit attached5.7%
  • 2-9 units58.9%
  • 10+ units12.8%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$311,600
Median rent$942
Owner-occupied37.4%
Vacant6.3%
Price-to-income6.3x
Est. income to buy$86,000