What is the median home value in Providence County, RI?

The median home value in Providence County, RI is $339,100, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Providence County, RI?

The cap rate proxy in Providence County, RI is 4.4% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is below average, suggesting an appreciation-focused market.

How much new construction is happening in Providence County, RI?

Providence County has 658,977 residents and issued 767 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Providence-Warwick, RI-MA · Rhode Island

Providence County

658,977 residents767 permits TTM$78,204 median HHI42 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$339,100

ACS 5-Year

Cap rate proxy

4.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

19.1%

HUD FMR ÷ ACS HHI

Net migration

+1.70%

IRS SOI

Permits (TTM)

767

Census BPS

Climate risk

93.7

FEMA NRI (0–100)

ZIP code breakdown42 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
02802	—	—	—	4.4%	28.2%
02823	—	—	—	4.4%	28.2%
02824	—	—	—	4.4%	28.2%
02826	—	—	—	4.4%	28.2%
02829	—	—	—	4.4%	28.2%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
—	—	—	8.1%	-31.9%
—	—	—	6.7%	-22.4%
—	—	—	6.5%	-29.7%
—	—	—	6.4%	-34.3%
—	—	—	6.2%	-20.4%
—	—	—	5.8%	-9.4%
—	—	—	5.7%	-21.9%
—	—	—	5.6%	-7.0%
—	—	—	5.6%	-13.9%
—	—	—	5.6%	-6.9%
—	—	—	5.6%	-12.9%
—	—	—	5.5%	-1.6%
—	—	—	5.2%	-9.5%
—	—	—	5.2%	-2.8%
—	—	—	5.1%	-27.5%
—	—	—	5.1%	7.1%
—	—	—	5.1%	7.2%
—	—	—	4.6%	0.6%
—	—	—	4.4%	28.2%
—	—	—	4.4%	28.2%
—	—	—	4.4%	28.2%
—	—	—	4.4%	28.2%
—	—	—	4.3%	-15.7%
—	—	—	4.1%	-26.9%
—	—	—	3.6%	-37.1%
—	—	—	3.4%	28.2%
—	—	—	3.2%	28.2%
—	—	—	3.1%	28.2%
—	—	—	3.0%	28.2%
—	—	—	3.0%	28.2%
—	—	—	3.0%	28.2%
—	—	—	2.9%	28.2%
—	—	—	2.9%	28.2%
—	—	—	2.9%	28.2%
—	—	—	2.8%	28.2%
—	—	—	2.7%	28.2%
—	—	—	2.6%	28.2%

Demographics

Owner-occupied

56.6%

Census ACS

Vacancy rate

7.4%

Census ACS

Bachelor's degree +

32.2%

Census ACS

Rent burdened

44.2%

Census ACS (>30% income)

Median age

37.9

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Providence County

See all 42 ZIPs ranked by yield and cap rate