Providence, RI home prices
Typical home $522,248 · +3.6% in a year · income needed $155,000
The Providence, RI metro area ranks 64 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.6% in a year and +32.6% over five years. With 20% down at 7.11%, the typical home costs about $3,617 a month including 1.25% property tax (Providence County rate).
Mortgage on the typical Providence home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $104,450 | $417,799 | $2,811 | $0 | $807 | $3,617 | $155,000 |
| 10% down | $52,225 | $470,023 | $3,162 | $196 | $807 | $4,164 | $178,500 |
| 5% down | $26,112 | $496,136 | $3,338 | $207 | $807 | $4,351 | $186,500 |
| 3.5% down (FHA) | $18,279 | $512,789 | $3,450 | $231 | $807 | $4,487 | $192,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.25% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Providence area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Providence County, RI | $453,475 | +2.3% | 1.25% |
| Bristol County, MA | $545,691 | +3.7% | 1.07% |
| Kent County, RI | $441,067 | +4.4% | 1.35% |
| Washington County, RI | $683,840 | +5.9% | 1% |
| Newport County, RI | $787,185 | +6.0% | 0.89% |
| Bristol County, RI | $650,424 | +3.2% | 1.29% |
What can you afford in Rhode Island on your salary? · Rhode Island home prices · Salaries in Rhode Island
Frequently asked questions
How much is a house in Providence?
The typical home in the Providence, RI metro area is worth $522,248 (Zillow, September 2026).
What salary do you need to buy a house in Providence?
About $155,000 a year for the typical home with 20% down at 7.11%.