Home prices
Providence's median home value is $200,300. This is about $19,480 (8%) lower compared to nearby areas.It is approximately $17,200 (7%) lower compared to the United States as a whole, and compared to the city of Boston it is roughly $332,400 (62%) lower.
Rents
Providence's median rent is $994 per month. This is roughly $33 (3%) higher compared to nearby areas.In comparison to the United States as a whole it is roughly $68 (6%) lower, and in comparison to the city of Boston is roughly $626 (38%) lower.
Nearby places
East Providence
East Providence is Providence's neighbor to the east. Housing prices there are a bit more expensive. The median home in East Providence is valued at $221,700, which works out to $21,400 (9%) higher than Providence. Its rents are similar. East Providence's median rent is $974 per month, which works out to $20 (2%) lower than Providence.
Pawtucket
Pawtucket is Providence's neighbor to the northeast. The real estate prices there are pretty similar. The median home price in Pawtucket is $194,600, which comes out to $5,700 (2%) lower than Providence. Rents there are a bit less expensive. Pawtucket's median monthly rent is $920, which works out to $74 (8%) lower than Providence.
Cranston
Cranston is Providence's neighbor to the southwest. The housing prices there are a little more expensive. The cost of the median home in Cranston is $243,500, which works out to $43,200 (17%) higher than Providence. Rent there is a little more expensive. In Cranston the median monthly rent is $1,070, which is $76 (7%) higher than Providence.
Central Falls
Central Falls is about 4 miles north of Providence. The housing prices there are a bit less expensive. The median home cost in Central Falls is $159,100, which is $41,200 (25%) lower than Providence. Rent there is a bit less expensive. Central Falls's median monthly rent is $852, which comes out to $142 (16%) lower than Providence.
North Seekonk
North Seekonk is roughly 5 miles northeast from Providence. Housing prices there are a little more expensive. The median home in North Seekonk costs $280,000, which is $79,700 (28%) higher than Providence. Its rents are pretty similar. North Seekonk's median rent is $988 per month, which is very similar to Providence.
