Downtown, Providence RI - Investment Data
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📊 How Does Downtown Compare?
| Metric | Downtown | Providence | Rhode Island |
|---|---|---|---|
| Home Value | $368,588 | $368,588 | $487,363 |
| Avg Rent | $2,153 | $2,153 | - |
| 5-Year CAGR | 5.6% | 6.8% | 8.8% |
| Cap Rate | 0.0% | 0.0% | - |
Downtown is a neighborhood in Providence, Rhode Island. This neighborhood spans 9 ZIP codes, offering investors a range of property types and price points. The current median home value in this neighborhood is $547,957, which has increased by 3.5% over the past year. With average rents around $2,153/month and home values averaging $368,588, investors can evaluate potential cash flow opportunities in this market.
Home Value Trends
ZIP Codes in Downtown
| ZIP | City | Home Value | Rent | Cap Rate | Rating | Vacancy | Match |
|---|---|---|---|---|---|---|---|
| 02903 | Providence | $442,324 | $2,514 | 0.0% | 16.3% | City match | |
| 02904 | Providence | $406,216 | $1,911 | 0.0% | 7.3% | City match | |
| 02905 | Providence | $428,614 | $2,126 | 0.0% | 7.6% | City match | |
| 02906 | Providence | $822,494 | $2,450 | 0.0% | 7.6% | City match | |
| 02907 | Providence | $405,464 | $1,847 | 0.0% | 7.6% | City match | |
| 02908 | Providence | $423,000 | $2,242 | 0.0% | 15.4% | City match | |
| 02909 | Providence | $389,184 | $1,979 | 0.0% | 17.9% | City match | |
| 02912 | Providence | $0 | — | — | — | 0.0% | City match |
| 02918 | Providence | $0 | — | — | — | 0.0% | City match |
Other Neighborhoods in Providence
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