Property Prices in Providence, RI, United States

Index Info
Price to Income Ratio: 4.05
Mortgage as Percentage of Income: 36.74%
Loan Affordability Index: 2.72
Price to Rent Ratio - City Centre: 8.44
Price to Rent Ratio - Outside of Centre: 10.66
Gross Rental Yield (City Centre): 11.85%
Gross Rental Yield (Outside of Centre): 9.38%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,920.00 $ 1,800.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,420.00 $ 1,000.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,564.00 $ 2,100.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 1,880.00 $ 1,400.00-2,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 290.35 $ 275.00-298.03
Price per Square Feet to Buy Apartment Outside of Centre 270.35 $ 215.00-298.03
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,724.08 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.67 6.19-6.80

These data are based on 65 entries in the past 18 months from 19 different contributors.
Last update: December 2024

Sources and References
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