Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 33,871 people, 14,389 houses or apartments, and a median cost of homes of $410,353, North Providence real estate values are some of the lowest in Rhode Island, although compared to real estate around the nation, North Providence homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in North Providence, accounting for 49.39% of the town's housing units. Other types of housing that are prevalent in North Providence include large apartment complexes or high rise apartments ( 28.13%), duplexes, homes converted to apartments or other small apartment buildings ( 14.85%), and a few row houses and other attached homes ( 7.51%).
People in North Providence primarily live in small (one, two or no bedroom) single-family detached homes. North Providence has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in North Providence built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in North Providence built between 1940-1969 ( 30.15%). A lesser amount of the housing stock also hails from before 1939 ( 16.53%). There's also some housing in North Providence built between 2000 and later ( 4.29%).
In the last 10 years, North Providence has experienced some of the highest home appreciation rates of any community in the nation. North Providence real estate appreciated 117.53% over the last ten years, which is an average annual home appreciation rate of 8.08%, putting North Providence in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Providence definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, North Providence's appreciation rate, at 7.37%, has been at or slightly above the national average. In the latest quarter, North Providence's appreciation rate has been 2.99%, which annualizes to a rate of 12.50%.
Importantly, this makes North Providence one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Rhode Island, our data show that North Providence's latest annual appreciation rate is lower than 80% of the other cities and towns in Rhode Island.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within North Providence differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Providence - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best North Providence real estate investment or home purchase decisions.
$410,353
for Rhode island
for nation
14,389
$2,542 / per month