Market Snapshot
- Median listing price
- $2.50M
- Median rent
- $2,695/mo
- Days on market
- 44 days
- Gross rental yield
- 1.29%
- STR vs LTR
- $2,676/mo STR · $2,695/mo LTR
The median listing price in Providence, RI ZIP 02903 is $2,500,000 as of July 2026.
The median market rent in Providence, RI ZIP 02903 is $2,695/month as of July 2026.
The median days on market in Providence, RI ZIP 02903 is 44 days as of July 2026. The market is currently hot.
At a median list price of $2,500,000 and a median rent of $2,695/month, the gross rental yield in Providence, RI ZIP 02903 is 1.29% as of July 2026.
In Providence, RI ZIP 02903, median Airbnb revenue is $2,676/month compared to median long-term rent of $2,695/month as of July 2026.
Providence, RI 02903 Real Estate Market Report
ZIP Code: 02903
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
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Liquidity metrics unavailable due to insufficient data quality.
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 Providence, RI, are averaging approximately 6.8%, 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 is the primary indicator of market value and recent transaction activity, but a numeric median sold price is not available in the provided metrics; its absence may reflect limited closed-transaction data in the sample and should prompt reliance on qualitative velocity and pricing signals when advising sellers or buyers. use sold transactions when possible
- The market shows price year-over-year trend: up alongside a market temperature: hot, which suggests continued upward price pressure and strong buyer competition; sellers should expect favorable pricing dynamics while buyers should account for competitive offer environments. up, hot
- Liquidity appears constrained in the analyzed sample and the relationship between supply and transactions suggests pricing friction rather than broad excess supply; this implies moderate-to-strong negotiating power for well-priced listings and potential for quick acceptance of market-aligned offers. constrained supply in sample
- Rental and financing context: median market rent $2,695 is rising (rent year-over-year trend: up) while interest rate pressure: elevated and local 30-year fixed mortgage rates averaging ~6.8% increase carrying costs for buyers; investors and owner-occupiers should model cashflow and affordability with higher financing costs in mind. elevated interest rate pressure
Notable Properties
The following 3 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.
Representative market sale establishing baseline for properties in the core neighborhood.
Quick sale indicating strong buyer demand and competitive market conditions.
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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