Real Estate Investing in East Providence, Rhode Island (02914)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02914 (East Providence, RI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
What’s happening in East Providence, RI (02914)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02914 East Providence
On the rental side, ZIP 02914 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $434K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 02914 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in East Providence have seen price recovery that 02914 has not matched. Providence County data supports the view that the spread is structural rather than temporary.
Who lives in 02914 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 02914 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in East Providence:
Property Strategy for 02914
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $371,288 | $1,810 | 3.5% | +8.7% | $185,644 |
| 3BR | $419,157 | $2,190 | 3.8% | +8.6% | $139,719 |
| 4BR | $447,445 | $2,600 | 4.2% | +8.7% | $111,861 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02914 Compare?
| Metric | 02914 | East Providence | Rhode Island |
|---|---|---|---|
| Home Value | $434,305 | $463,799 | $487,363 |
| 5-Year CAGR | 6.4% | 7.0% | 8.8% |
| Avg Rent | $1,910 | $1,980 | - |
| Cap Rate | 3.4% | 3.3% | - |
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 02914 (East 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 | $434,305 |
| Monthly Rent | $1,910 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 02914
Population: 21,397
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 02914
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Metropolitan Career Tech Ctr
Providence Career Technical
Riverside Middle School
360 High School
Cornel Young & Charlotte Woods
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 home prices like in East Providence, RI?
The median home value in East Providence, RI is roughly $434K. That puts it reasonable relative to the RI statewide average.
Is rental property easy to operate in East Providence, RI?
The landlord environment in East Providence, RI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are tenants stable in East Providence, RI?
East Providence, RI draws a reliable base of working renters. Demand at the $1,910/mo rent level is reasonable for standard single-family and small multi rentals.
What is the average monthly rent in East Providence, RI?
Rent in East Providence, RI is around $1,910/mo. The resulting rent-to-value relationship with $434K pricing is reasonable for most investor models.
Are there empty rentals in East Providence, RI?
Vacancy in East Providence, RI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,910/mo.
You know 02914 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02914 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 02914 ranks in Providence-Warwick, RI-MA
Every ZIP in this metro, ranked. Free.
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