Real Estate Investing in North Providence, Rhode Island (02911)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02911 (North Providence, RI)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in North Providence, RI (02911)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02911 North Providence
ZIP 02911 inside Providence County looks affordable on the surface — median value of $429K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 02911 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 02911 among RI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 02911 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. notable returns are possible in 02911, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in North Providence:
Property Strategy for 02911
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $231,474 | $1,580 | 4.9% | +13.1% | $231,474 |
| 2BR | $337,908 | $1,950 | 4.2% | +9.3% | $168,954 |
| 3BR | $426,626 | $2,350 | 4.0% | +9.2% | $142,209 |
| 4BR | $465,260 | $2,800 | 4.3% | +8.9% | $116,315 |
| 5BR | $524,293 | — | — | +9.1% | $104,859 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02911 Compare?
| Metric | 02911 | North Providence | Rhode Island |
|---|---|---|---|
| Home Value | $429,009 | $429,009 | $487,363 |
| 5-Year CAGR | 6.3% | 6.3% | 8.8% |
| Avg Rent | $1,779 | $1,779 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02911 (North Providence, 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
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
Avellino Construction & Property Management offers property management, general contracting, investments & lending, and rentals in Providence, RI. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $429,009 |
| Monthly Rent | $1,779 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 02911
Population: 14,963
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 02911
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Anthony Carnevale Elementary
Birchwood Middle School
E-Cubed Academy
Pleasant View School
Aventure Academy
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are vacancy rates like in North Providence, RI?
Vacancy in North Providence, RI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,779/mo.
Are eviction rules reasonable in North Providence, RI?
For rental operators, North Providence, RI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What type of investing works in North Providence, RI?
Investors usually favor careful cash-flow rentals with hands-on management in North Providence, RI. With home values at $429K and rents near $1,779/mo, other strategies can work but produce measured rather than outsized returns.
Is North Providence, RI a good market for FHA house hackers?
North Providence, RI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,779/mo rent level.
How deep is the rental pool in North Providence, RI?
Expect a solid tenant pool in North Providence, RI. The rental market absorbs $1,779/mo rents without meaningful friction.
You know 02911 now. You don’t know where it ranks.
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How 02911 ranks in Providence-Warwick, RI-MA
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