Property Prices in Providence, RI, United States

Index Info
Price to Income Ratio: 4.46
Mortgage as Percentage of Income: 40.21%
Loan Affordability Index: 2.49
Price to Rent Ratio - City Centre: 7.97
Price to Rent Ratio - Outside of Centre: 9.88
Gross Rental Yield (City Centre): 12.55%
Gross Rental Yield (Outside of Centre): 10.13%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,198.12 $ 1,900.00-2,600.00
Apartment (1 bedroom) Outside of Centre 1,741.67 $ 1,600.00-1,900.00
Apartment (3 bedrooms) in City Centre 2,795.00 $ 2,500.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 2,233.33 $ 1,500.00-2,800.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre 3,315.50 $ 3,208.00-5,801.75
Price per Square Meter to Buy Apartment Outside of Centre 3,267.04 $ 3,208.00-3,423.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,693.88 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.61 6.19-6.80

These data are based on 84 entries from 24 contributors over the past 18 months.
Last update: 19 June 2025

Sources and References
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