US5.com
  1. Home
  2. States
  3. Rhode Island
  4. ZIP 02908
  5. Housing & Real Estate
Providence city, RI

ZIP 02908 — 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 02908

Median Home Value
$293,800
Median Rent
$1,164
Affordability Snapshot
$81,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,887/mo PITI).

19%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

21.0 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 02908 in Providence city, RI, a household would need roughly $81,000 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 $1,887. That is roughly in line with the local median household income ($74,341). 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
46.5%-29% vs US avg
x
Vacancy Rate
14.4%+40% vs US avg
x
Broadband Access
90.7%+4% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
10.7%-16% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
18.4%-63% vs US avg
x
Mortgage-Free
28.4%-26% vs US avg
x
$293,800
Home Value
$1,164
Rent
1940
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 detached32.3%
  • 1-unit attached3.3%
  • 2-9 units53.4%
  • 10+ units11.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$293,800
Median rent$1,164
Owner-occupied46.5%
Vacant14.4%
Price-to-income4.0x
Est. income to buy$81,000