Market Snapshot
- Median listing price
- $435K
- Median rent
- $1,900/mo
- Days on market
- 50 days
- Gross rental yield
- 5.24%
The median listing price in North Providence, RI ZIP 02904 is $435,000 as of July 2026.
The median market rent in North Providence, RI ZIP 02904 is $1,900/month as of July 2026.
The median days on market in North Providence, RI ZIP 02904 is 50 days as of July 2026. The market is currently hot.
At a median list price of $435,000 and a median rent of $1,900/month, the gross rental yield in North Providence, RI ZIP 02904 is 5.24% as of July 2026.
North Providence, RI 02904 Real Estate Market Report
ZIP Code: 02904
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in North Providence, RI are averaging 6.81%, reflecting a stable market environment for property owners in this area compared to earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price 400,000 is the primary indicator of recent market value and transaction outcomes in 02904; this level, alongside a median listing price 435,000, suggests a meaningful seller pricing stance vs. realized sale prices that may require buyer concession or longer time-to-contract in some cases.
- With a median days on market 50, the market shows moderate selling velocity — this pace appears consistent with a stable-to-slowing turnover rate rather than rapid churn, which may indicate localized pricing friction or selectivity among buyers.
- Market strength signals remain positive: price year-over-year trend is up and market temperature is hot, while rent year-over-year trend is up, supporting continued investor and landlord interest in SFR and condominium sectors.
- Interest rate pressure is elevated and current 30-year fixed mortgage rates are reported at 6.81%, a factor that may damp buyer affordability and extend negotiation timelines even as pricing trends stay upward; sellers should set expectations for financing-sensitive buyers and possible appraisal scrutiny.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
Quick sale indicating strong buyer demand and competitive market conditions.
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.58% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/28/2026
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