Real Estate Investing in East Providence, Rhode Island (02916)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02916 (East Providence, RI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 East Providence, RI (02916)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02916 East Providence
Investors eyeing 02916 need to respect the fundamentals at play. Home values of $506K come alongside slower price movement and elevated management overhead.
For an experienced owner, 02916 can be a a solid fit for hunting ground — but the discount at $506K reflects genuine risk that outside investors often underestimate.
Within RI, ZIP 02916 trails on several market indicators that neighboring Providence County submarkets outperform. The gap is real and durable enough to shape underwriting.
A significant renter share of 28% in 02916 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at East Providence's stable or hybrid ZIPs before stepping into 02916. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in East Providence:
Property Strategy for 02916
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $386,347 | $1,640 | 3.1% | +9.3% | $193,173 |
| 3BR | $479,351 | $1,980 | 3.0% | +9.1% | $159,784 |
| 4BR | $576,840 | $2,350 | 2.9% | +9.5% | $144,210 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02916 Compare?
| Metric | 02916 | East Providence | Rhode Island |
|---|---|---|---|
| Home Value | $506,415 | $463,799 | $487,363 |
| 5-Year CAGR | 7.5% | 7.0% | 8.8% |
| Avg Rent | $2,000 | $1,980 | - |
| Cap Rate | 3.1% | 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 02916 (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 | $506,415 |
| Monthly Rent | $2,000 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 02916
Population: 8,725
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 02916
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Dr. Kevin M. Hurley Middle School
Elizabeth Baldwin School
Seekonk High
Agnes B. Hennessey School
Emma G. Whiteknact School
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
How does East Providence, RI rate as a rental market?
East Providence, RI rates 3.0/5 for investability. With median values at $506K and rents near $2,000/mo, the market offers reasonable fundamentals for rental investors.
How much rent can I charge in East Providence, RI?
Rents in East Providence, RI run near $2,000/mo. Compared with median home prices of $506K that produces solid gross yields for typical rentals.
Is East Providence, RI good for landlords?
East Providence, RI falls under RI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is East Providence, RI a good market for FHA house hackers?
East Providence, RI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,000/mo rent level.
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 $2,000/mo.
You know 02916 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02916 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 02916 ranks in Providence-Warwick, RI-MA
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