The median home in Providence, Rhode Island is valued at $418,040, up 1.4% year over year. Typical monthly rent is $2,171, producing a price-to-rent ratio of 16x — near the national average of 18x. Providence is part of the Providence-Warwick, RI-MA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$418,040

+1.4%

Rent$2,171/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Providence.

Income (annual)

Down Payment

$83,608 on $418,040

Example: $75,000 household income. Change it above to see your own.

Out of reach45.3% of income

Need $121,371/yr to afford.

PITI$2,832

P/I45.3%

Afford$258K

Gap-$160K

P&I $2,114Tax $568Ins $150

Renting $661/mo cheaper ($2,171 rent)6.50% 30yr, 20% down, county tax + RI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Rhode Island

Compare Providence with other housing markets across Rhode Island.

New Shoreham$1.75M Jamestown$1.11M Little Compton$910K Newport$899K Narragansett$813K East Greenwich$768K Barrington$751K Middletown$724K

Full Providence-Warwick, RI-MA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Providence-Warwick, RI-MA metro.

View Providence-Warwick, RI-MA metro

Weekly briefing

Every Monday — score changes, top movers, and what shifted. Free.

Providence, RI