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Providence Rhode Island Real Estate By Jennifer Hershey

Providence Rhode Island Real Estate

Providence, Rhode Island, is located in Providence County, of , and 40 miles SW of Boston, Massachusetts. Providence has a population of 173,618.

Providence Homes

Providence properties pool is 62,389 residential properties including Providence new homes. Median age of real estate in Providence is 1943. Average Household size is 3.33 people. 5% are one bedroom homes, 29% are 2 bedroom homes, 40% are 3 bedroom homes, 16% are 4 bedroom homes, and 10% are 5+ bedroom homes.

Providence Mortgage Statistics

Providence mortgages vs. USA median statistics

Homes Providence USA
Homes With No Mortgage 30%
30%
Homes With Mortgage 70%
70%
First Mortgage Only 56%
54%
First & Second Mortgage or HELOC 14%
16%

Providence Area Real Estate Tax

Providence Real estate Tax: Median Real Estate Taxes (2000) were $1,935 comparing to 1999 Median Family income $ 32,058. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Providence School District: Children make up 26.1% of Providence population. Providence has 45,277 under 18 years old residents, or 0.67 kids per one worker, or 0.73 kids per one household.

Providence Real Estate & Providence Homeownership

There are 19964.48 or 32% one person households, 16845.03 or 27% two person households, and 9982.24 or 16% three person households in Providence, Rhode Island. Median residents age is 28.1, Senior citizens (65+) make up 18,155 or 10.5%% of Providence population.

There are 67,169 workers (over 16 years of age) in Providence. Of these, 75.92% drive to work. Approximately 7.29% of workers in Providence take public transportation. An estimated 12.25% walk to work.

Median Providence homeowner's housing expences are 19.9%

Crime in Providence (2003), crimes per 10,000 residents per year

Type of Crime Providence USA, 2003
Violent Crimes
80.35
47.5
Robberies
29.66
14.2
Aggravated Assaults
41.99
29.5
Property Crimes
638.36
358.8
Burglaries
96.88
74.0
Larceny-Thefts
389.13
241.5
Motor Vehicle Thefts
152.35
43.3

Invest in Providence Properties

When making a decision about buying real estate in Providence Rhode Island area, you should consider following statistical data:

Category Providence USA
Near Medium City
-
Near Large City
Boston, Massachusetts
-
Providence Zip Codes
02903, 02904, 02905, 02906, 02907, 02908, 02909, 02910, 02911
-
Providence Area Codes
401
-
White population
54.53%
75.1%
African-American population
14.54%
12.3%
Asian
6.01%
3.6%
American Indian & Alaskan
1.14%
0.9%
Hispanic (of any race)
30.03%
12.5%
Median Family Income (1999)
$ 32,058%
$42,000
Population Below Poverty Level
26.89%
12.4%

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