Real Estate Investing in Providence County, Rhode Island

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

34 ZIP codes • Population: 649,251

Should you buy in Providence County, RI? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (58/100)

Mixed β€” home prices are stretched relative to local incomes. Run the math on your specific situation.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.2% vacancy may signal weakening demand.

What’s happening in Providence County, RI?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.5% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $487,393
Avg Monthly Rent $1,905
ZIP Codes 34

Investing in Providence County Real Estate

Across Providence County's 34 ZIPs, the picture is thin β€” soft rents, slow appreciation, and demographic headwinds that don't obviously reverse in the medium term.

The investment case for Providence County is difficult to make on screen data alone. a stretch for a 3.0 rating and cap rates that appear attractive only until real vacancy is underwritten.

Providence County's population trends and income levels suggest a region where affordability is strained, constraining how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Providence County, RI. Anonymous, moderated, never written by AI.

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Property managers serving Providence County

Manage rentals here? List your business →

Ferland Corporation provides professional management services for over 2,600 apartment units in the Rhode Island area, offering quality apartments and amenities. summary from their website

Small multifamily
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Zanno Property Management offers residential and multi-family property management services in Providence, including marketing, resident screening, rent collection, maintenance, accounting, and evictio summary from their website

Single-familySmall multifamily
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Avellino Construction & Property Management offers property management, general contracting, investments & lending, and rentals in Providence, RI. summary from their website

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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$487,393
Avg Monthly Rent
$1,905
1% Rule
βœ— Below
Landlord Friendly (RI)
β˜…β˜…β˜…β˜…β˜†

πŸŽ“ Colleges & Universities in Providence County

14 Colleges 37,168 Students 121 Off-Campus Renters
A
Brown University
4-Year Private Β· 11,516 students
B+
Rhode Island School of Design
4-Year Private Β· 2,540 students
B
Providence College
4-Year Private Β· 4,635 students
C+
Rhode Island College
4-Year Public Β· 5,767 students
πŸ“ ~121 students rent off-campus
C+
Bryant University
4-Year Private Β· 3,592 students
C+
MotoRing Technical Training Institute
Vocational For-Profit Β· 143 students
C
Johnson & Wales University-Providence
4-Year Private Β· 4,372 students
C
New England Tractor Trailer Training School of Rhode Island
Vocational For-Profit Β· 487 students
C
Empire Beauty School-Warwick
Vocational For-Profit Β· 132 students
C
College Unbound
4-Year Private Β· 401 students
C
Toni & Guy Hairdressing Academy-Cranston
Vocational For-Profit Β· 113 students
C
Lincoln Technical Institute-Lincoln
Vocational For-Profit Β· 703 students
C
Paul Mitchell the School-Rhode Island
Vocational For-Profit Β· 170 students
D
Johnson & Wales University-Online
4-Year Private Β· 2,597 students

Cities in Providence County

ZIP Codes in Providence County, RI

02860 β˜… β˜… β˜… β˜… β˜…
Pawtucket
Population 47,372
Avg Home $396,972
Avg Rent $1,865/mo
02909 β˜… β˜… β˜… β˜… β˜…
Providence
Population 44,445
Avg Home $389,184
Avg Rent $1,979/mo
02895 β˜… β˜… β˜… β˜… β˜…
Woonsocket
Population 43,081
Avg Home $393,501
Avg Rent $1,685/mo
02908 β˜… β˜… β˜… β˜… β˜…
Providence
Population 39,661
Avg Home $423,000
Avg Rent $2,242/mo
02864 β˜… β˜… β˜… β˜… β˜…
Cumberland
Population 36,383
Avg Home $527,681
Avg Rent $2,230/mo
02920 β˜… β˜… β˜… β˜… β˜…
Cranston
Population 36,332
Avg Home $459,943
Avg Rent $2,147/mo
02904 β˜… β˜… β˜… β˜… β˜…
Providence
Population 32,462
Avg Home $406,216
Avg Rent $1,911/mo
02907 β˜… β˜… β˜… β˜… β˜…
Providence
Population 31,427
Avg Home $405,464
Avg Rent $1,847/mo
02919 β˜… β˜… β˜… β˜… β˜…
Johnston
Population 29,473
Avg Home $460,235
Avg Rent $1,910/mo
02861 β˜… β˜… β˜… β˜… β˜…
Pawtucket
Population 27,928
Avg Home $407,299
Avg Rent $2,008/mo
02906 β˜… β˜… β˜… β˜… β˜…
Providence
Population 26,327
Avg Home $822,494
Avg Rent $2,450/mo
02905 β˜… β˜… β˜… β˜… β˜…
Providence
Population 24,780
Avg Home $428,614
Avg Rent $2,126/mo
02910 β˜… β˜… β˜… β˜… β˜…
Cranston
Population 23,406
Avg Home $413,929
Avg Rent $1,844/mo
02863 β˜… β˜… β˜… β˜… β˜…
Central Falls
Population 22,481
Avg Home $383,460
Avg Rent $1,694/mo
02914 β˜… β˜… β˜… β˜… β˜…
East Providence
Population 21,397
Avg Home $434,305
Avg Rent $1,910/mo
02865 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 18,033
Avg Home $579,111
Avg Rent $2,750/mo
02915 β˜… β˜… β˜… β˜… β˜…
East Providence
Population 16,848
Avg Home $450,676
Avg Rent $2,029/mo
02917 β˜… β˜… β˜… β˜… β˜…
Smithfield
Population 15,068
Avg Home $530,429
Avg Rent $1,900/mo
02911 β˜… β˜… β˜… β˜… β˜…
North Providence
Population 14,963
Avg Home $429,009
Avg Rent $1,779/mo
02921 β˜… β˜… β˜… β˜… β˜…
Cranston
Population 12,673
Avg Home $653,111
Avg Rent $2,600/mo
02903 β˜… β˜… β˜… β˜… β˜…
Providence
Population 12,309
Avg Home $442,324
Avg Rent $2,514/mo
02896 β˜… β˜… β˜… β˜… β˜…
North Smithfield
Population 11,683
Avg Home $522,700
Avg Rent $1,422/mo
02916 β˜… β˜… β˜… β˜… β˜…
East Providence
Population 8,725
Avg Home $506,415
Avg Rent $2,000/mo
02857 β˜… β˜… β˜… β˜… β˜…
Scituate
Population 8,095
Avg Home $554,020
Avg Rent $1,737/mo
02814 β˜… β˜… β˜… β˜… β˜…
Glocester
Population 7,421
Avg Home $510,023
Avg Rent $1,440/mo
02828 β˜… β˜… β˜… β˜… β˜…
Smithfield
Population 7,058
Avg Home $535,019
Avg Rent $1,629/mo
02830 β˜… β˜… β˜… β˜… β˜…
Burrillville
Population 6,936
Avg Home $496,142
Avg Rent $1,314/mo
02859 β˜… β˜… β˜… β˜… β˜…
Burrillville
Population 6,803
Avg Home $481,484
Avg Rent $1,386/mo
02825 β˜… β˜… β˜… β˜… β˜…
Foster
Population 5,861
Avg Home $568,835
Avg Rent $1,854/mo
02838 β˜… β˜… β˜… β˜… β˜…
Manville
Population 4,007
Avg Home $455,040
Avg Rent $1,566/mo
02831 β˜… β˜… β˜… β˜… β˜…
Scituate
Population 3,665
Avg Home $590,968
Avg Rent $2,088/mo
02839 β˜… β˜… β˜… β˜… β˜…
Burrillville
Population 1,690
Avg Home $515,226
Avg Rent $1,836/mo
02858 β˜… β˜… β˜… β˜… β˜…
Burrillville
Population 280
Avg Home $468,573
Avg Rent $1,332/mo
02815 β˜… β˜… β˜… β˜… β˜…
Scituate
Population 178
Avg Home $529,948
Avg Rent $1,737/mo

Screen every market in Providence County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Providence County

Is, RI a smart market for rental property?

Investors tracking, RI will find a 3.0/5 rating supported by $487K median home values and $1,905/mo rents. That profile suits long-term holders targeting measured returns.

Which investment style suits, RI?

For, RI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

How expensive is real estate in, RI?

Typical homes in, RI go for around $487K. The 5-year CAGR of 0.0% predictable price movement.

Is, RI a friendly market for rental owners?

Landlord-friendliness in, RI is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.

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