Is Providence County, RI good for real estate investing?

Providence County has an investment score of 52/100, rated as "Hold". The county ranks #513 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Providence?

The rent-to-price ratio in Providence County is 5.49% annually, which ranks in the 39th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Providence?

The median home price in Providence County is $435,848. This ranks #869 in affordability among all US counties.

Can you cash flow on rental properties in Providence?

Based on median values with 20% down at current rates, a typical rental in Providence County would generate negative cash flow of $987/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Providence County

Rhode IslandPopulation: 657,984Providence, RI Metro

/100

Hold

#513 of 1,000 counties

#4 in Rhode Island (5 counties)

Market Snapshot

$435,848

Median Home Price

87% above national median

$1,995/mo

Median Rent

32% above national median

5.49%

Rent-to-Price Ratio

Top 61% nationally

-$987

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$435,848

Down Payment (20%)$87,170

Loan Amount$348,678

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,995

Monthly P&I-$2,285

Est. Expenses (35%)-$698

Net Cash Flow-$987/mo

3.6%

Cap Rate (all cash)

-11.8%

Cash-on-Cash Return

5.49%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.6% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

52/100

Cash Flow(30%)

52/100

Based on 5.49% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

65/100

Based on 1.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

40/100

Price-to-income ratio of 6.0x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$987/mo)
-Negative leverage (cap rate 3.6% < mortgage rate 6.9%)

Economic Indicators

Population

657,984

Median Income

$72,579

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

6.0x

Less affordable

Compare to Nearby Counties

County					Verdict
KentRI	61	$418,072	$2,181	6.26%	Buy	View
WashingtonRI	53	$651,796	$2,553	4.70%	Hold	View
CurrentProvidenceRI	52	$435,848	$1,995	5.49%	Hold
NewportRI	49	$746,144	$2,797	4.50%	Hold	View

The Bottom Line

HoldProvidence is a neutral market. Consider house hacking or targeting below-market deals.

Providence County in Rhode Island scores 52/100, ranking #513 of 1,000 US counties (top 68%). The 5.49% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow

$-987/mo

Cap Rate

3.6%

Cash-on-Cash

-11.8%

Ready to Analyze a Deal in Providence?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$435,848

Down Payment (20%)$87,170

Loan Amount$348,678

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,995

Monthly P&I-$2,285

Est. Expenses (35%)-$698

Net Cash Flow-$987/mo

3.6%

Cap Rate (all cash)

-11.8%

Cash-on-Cash Return

5.49%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.6% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

52/100

Cash Flow(30%)

52/100

Based on 5.49% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

65/100

Based on 1.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

40/100

Price-to-income ratio of 6.0x. Lower ratios indicate more affordable markets.

County

Verdict

KentRI

$418,072

$2,181

6.26%

Buy

View

WashingtonRI

$651,796

$2,553

4.70%

Hold

View

CurrentProvidenceRI

$435,848

$1,995

5.49%

Hold

NewportRI

$746,144

$2,797

4.50%

Hold

View

The Bottom Line

HoldProvidence is a neutral market. Consider house hacking or targeting below-market deals.

Monthly Cash Flow

$-987/mo

Cap Rate

3.6%

Cash-on-Cash

-11.8%