Providence housing market: home prices, trends and forecast
Providence home prices: the Zillow Home Value Index placed a typical home in Providence, Rhode Island at $431,740 in September 2026. That was 2.3% above the previous year and the highest monthly figure recorded.
- Value of a typical home
- $431,740September 2026, Zillow ZHVI
- Change over 12 months
- Since September 2025, +2.3%.
Providence home prices since 2000
A steel line marks Providence, while a grey line marks the United States. From January 2000, a typical home in Providence rose from $109,043 to $431,740, or ×3.96. Over those same months, the US recorded ×2.99. The boom reached its high in July 2006 at $270,792 before falling to a low of $145,924 in April 2012, a decline of −46.1%.
Median Providence home price by year
Each yearly figure averages twelve monthly values, while 2026 displays the most recent month.
| Year | Providence | Change on the year | United States |
|---|---|---|---|
| 2000 | $112,865 | $125,745 | |
| 2001 | $126,116 | +11.7% | $134,899 |
| 2002 | $148,904 | +18.1% | $144,276 |
| 2003 | $178,443 | +19.8% | $155,308 |
| 2004 | $214,936 | +20.5% | $169,891 |
| 2005 | $251,775 | +17.1% | $189,732 |
| 2006 | $267,806 | +6.4% | $206,531 |
| 2007 | $258,875 | −3.3% | $208,449 |
| 2008 | $230,010 | −11.2% | $195,574 |
| 2009 | $181,072 | −21.3% | $177,542 |
| 2010 | $174,852 | −3.4% | $171,462 |
| 2011 | $158,263 | −9.5% | $162,508 |
| 2012 | $146,588 | −7.4% | $161,137 |
| 2013 | $153,024 | +4.4% | $171,420 |
| 2014 | $162,306 | +6.1% | $182,996 |
| 2015 | $174,322 | +7.4% | $192,738 |
| 2016 | $190,190 | +9.1% | $204,509 |
| 2017 | $208,929 | +9.9% | $216,767 |
| 2018 | $232,424 | +11.2% | $230,541 |
| 2019 | $247,221 | +6.4% | $242,088 |
| 2020 | $271,591 | +9.9% | $257,151 |
| 2021 | $314,906 | +15.9% | $295,959 |
| 2022 | $354,100 | +12.4% | $340,014 |
| 2023 | $370,661 | +4.7% | $348,160 |
| 2024 | $407,998 | +10.1% | $359,751 |
| 2025 | $420,857 | +3.2% | $362,959 |
| September 2026 | $431,740 | +2.3% | $366,157 |
Current value of a Providence home bought in any year
This estimate uses an index for a typical home and is not an appraisal.
The yearly figure averages its twelve monthly index values, while the current value is for September 2026. See also: home appreciation calculator.
Considering a sale? Compare local agents through Realtor.com. Advertising disclosure: this site may receive payment for links such as this one, but it never changes any number. Disclosure statement.
Providence housing market forecast
Zillow's Providence, RI metro forecast calls for +2.6% during the 12 months beginning September 2026 and +0.9% across the next three months. Providence's typical value of $431,740 would reach about $443,000 a year later under the forecast.
Zillow's central metro forecast is restated here, while this site does not publish forecasts of its own. For a 12-month forecast of this kind, the realised change has typically differed by several percentage points in either direction. This is not investment advice.
All metro forecasts appear in one table: housing market forecast.
Providence housing market crash risk score
A moderate score of 33 out of 100
This score ranks Providence against 292 cities using five conditions that were high before earlier price declines. Every input is scored from 0 to 100 compared with the other cities, then the five scores are averaged with equal weight. It shows current conditions without predicting a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −40.8% | 7 | 20% |
| Days homes remain on market vs 2019 | −22.0% | 7 | 20% |
| Price-to-rent ratio | 16.4 | 39 | 20% |
| Price-to-income ratio | 7.0 | 83 | 20% |
| 12-month price change | +2.3% | 28 | 20% |
This is not investment advice. Input scoring details: methodology. Rankings for all 292 cities: city crash risk.
Providence inventory and days on market
In September 2026 the Providence, RI metro counted 2,844 homes for sale. This showed a +22.4% change from one year earlier and a −40.8% change from the same month in 2019. Listings sold in a median of 39 days (−22.0% against 2019), while 14.2% of listings received a price reduction.
| Providence, RI metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 2,844 | +22.4% |
| New listings | 1,570 | |
| Median days on market | 39 | +7.6% |
| Median list price | $569,450 | −4.2% |
| Share with a price cut | 14.2% |
For metro inventory, see Realtor.com® Economic Research and Realtor.com data. See all metros: days on market by city.
Living costs in Providence
Based on the Zillow Observed Rent Index, the typical monthly asking rent in Providence is $2,190, +4.9% over one year. It would take 16.4 years of that rent to cover the cost of the typical home. With median household income at $61,797 (Census ACS 2024), the typical home costs 7.0 times one year's income. According to BEA, metro prices score 101.8 compared with a US average of 100, while housing costs score 103.9.
See the rent, prices, and required salary for moving there: cost of living in Providence.
How to read the chart
Each point represents the Zillow Home Value Index for Providence, which gives a typical home's value in the middle third of the market in that month's dollars, with smoothing and seasonal adjustment. On the slider, the hollow dot shows the selected month, while the terracotta dot shows the latest month. The figures do not account for inflation. An index tracks the typical home rather than a particular house. Use the card above or the home appreciation calculator to work out one home's value from its sale price.