Providence
Rhode Island · Ranked #67 of 102 metros
38Crisis
Median Home Price
🏠$420K
Need $121K income
Median Rent
🔑$1K
Need $58K income
Housing Shortage
📉20,000
units needed
Building Permits
🔨4,000
annual
Median Income
💰$65K
Pop: 1,676,579
Rent Burden
⚠️35.5%
of renters paying >30%
Price Change (YoY)
📈+6.5%
Homeownership
🏡59.5%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Providence | National |
|---|---|---|
| Price-to-Income Ratio | 6.5x | 6.1x |
| Rent Burden | 35.5% | 31.5% |
| Homeownership Rate | 59.5% | 65.5% |
| YoY Price Change | +6.5% | +3.5% |
| YoY Rent Change | +5% | +2.8% |
| Mortgage Denial Rate | 15.0% | 13.5% |
| Eviction Rate | 3.5% | 3.6% |