Providence, RI

Population: 177,994
Average annual home appreciation rate: 7.22%
Total of homes for sale in this market: 1,180
Median home price: $200,493
Median Rent: $1,031 per room
Home price range: 41.02% of homes are between $102,001 – $204,000
Median sales price: $179,900
Number of homes: 759
Median foreclosure sales price: $110,000
Foreclosure discount: Still Calculating Data
Most common home type: 50.54% of homes are SMALL APARTMENT BUILDINGS
Number of vacant homes: 14.61%
Number of renters: 67.21%
Number of owner occupied: 32.79%
Number people living below poverty level: 28.98%
Unemployment rate: 5.60%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Providence area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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