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.
See the full metro analysis: Providence-Warwick, RI-MA stress score, crash risk, and 12-month forecast →
Home Value$418,040
+1.4%
Rent$2,171/mo
AFFORDABILITYRenting $661/mo cheaper ($2,171 rent)6.50% 30yr, 20% down, county tax + RI ins. 28% per HUD.
Enter your income for Providence.
$83,608 on $418,040
Out of reach — 45.3% of income
Need $121,371/yr to afford.
PITI$2,832
P/I45.3%
Afford$258K
Gap-$160K
P&I $2,114Tax $568Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Rhode Island
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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.
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