$570,000
- 4 bd
- 4 ba
- 2,588 sqft
41 Mercy St
Providence, RI Housing Market
$431,740
2.3% 1-yrThe average Providence, RI home value is $431,740, up 2.3% over the past year, and homes go to pending in around 20 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Providence Key Takeaways
Typical Home Values: $431,740
1-Year Value Change: +2.3%
(Data through September 30, 2026)
Providence Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 244 ()
New Listings: 92 ()
Median Sale to List Ratio: 1.011 ()
Median Sale Price: $462,750 ()
Median List Price: $434,683 ()
Percent of Sales Over List Price: 56.6% ()
Percent of Sales Under List Price: 32.8% ()
Median Days to Pending: 20 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Providence
- NameMedian ZHVI
- Downtown$552,907
- Federal Hill$430,455
- Smith Hill$359,031
- Valley$371,265
- College Hill$980,664
- West End$409,273
- Fox Point$590,632
- Olneyville$388,648
- Mount Hope$520,888
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Providence Rental Market Trends
Average Rent: $2,190 ()
National Average Rent: $1,932 ()
Month-Over-Month Change: 0% ()
Year-Over-Year Change: 4.9% ()
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Providence, RI?
The median home value in Providence, RI is $431,740 as of September 2026. This represents a 0.2% increase compared to last month and a 2.3% increase year-over-year.
How have home values changed in Providence, RI?
Home values in Providence, RI have increased by 0.2% month-over-month and 2.3% year-over-year.
How do home values in Providence, RI compare to Providence County, Rhode Island, and the national average?
The median home value in Providence, RI ($431,740) compares to: Providence County ($453,475), Rhode Island ($508,507), and the U.S. national median ($366,157).
