Providence

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TOTAL POPULATION
179,472

TOTAL HOUSEHOLDS
64,190

38%
OWN

62%
RENT

Spotlight

ProJo: Gentrification locking some out of housing market

Several speakers at HousingWorks RI’s forum on gentrification on Friday said they don’t need an academic study to tell them that many longtime city residents are getting priced out of the housing market.

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Headlines

PBN: Five Questions With: Jennifer Hawkins, November 2022

PBN: Providence Realty Investment gets refinancing for 9 affordable housing sites

The Brown Daily Herald: Gentrification and displacement in Providence: Urban renewal, economic markets, historic preservation

ProJo: Goodbye rooms, hello apartments: Crossroads RI to replace old residential 'Tower'

PBN: Providence property values soar after revaluation while other municipalities seek a delay

By the Numbers

Single Family Homes

MEDIAN HOME PRICE $300,000
$87,996 Income needed to afford this	35% Cost burdened homeowners

Rental Properties

AVE. 2-BEDROOM RENT $1,846/mo.
$73,840 Income needed to afford this	47% Cost burdened renters

Did You Know?

1636

Providence, Rhode Island was founded in 1636 by Roger Williams.

A household is cost burdened if it spends more than 30% of its income on housing costs.

Additional Information & Resources

RI.gov

The state's website offers information about each of Rhode Island's 39 municipalities. To get to know Providence, click here .

Comprehensive Plan

Interested in learning about Providence’s vision for the future? Check out the city's comprehensive plan here.

Resources

To learn more about the opportunities and services in the City of Providence, visit the following sources:

Explore Providence's complete housing facts.

Download Datasheet [PDF]