Providence County
Rhode Island · Pop. 660,741
Ranked #120 of 200 counties
38Crisis
Median Home Price
🏠$380K
5.5% YoY
Median Rent
🔑$1,600
Median Income
💰$62K
Rent Burden
📊32.5%
% of income to rent
Housing Shortage
🏗️3,000
estimated unit deficit
Building Permits (2024)
📋1,800
Price-to-Income Ratio
⚖️6.1x
Homeownership Rate
🏡52.0%
How Providence County Compares
| Metric | Providence County | Rhode Island | National |
|---|---|---|---|
| Home Price | $380K | $412K | $410K |
| Rent | $1,600 | $1,365 | $1,500 |
| Income | $62K | $85K | $75K |
| Rent Burden | 32.5% | 35.0% | 30.0% |
| Homeownership | 52.0% | 64.0% | 65.0% |
Key Takeaways
- • Home prices are 7% below the national average.
- • Rent is 7% above the national average.
- • The county has an estimated housing shortage of 3,000 units.
- • 1,800 building permits were issued in 2024.
- • Year-over-year home prices changed by 5.5%.