The median home in Providence was valued at $413,800 in 2024. Home prices across the metro area have moved since, and carried forward by the FHFA index, that's about $458,000 as of 2026 Q2. Projected forward, it would be about $480,000 in 2027 and $674,000 in 2031. The first 2 years follow the metro index's change over the past year (+4.7%); later years use its 2020–2025 average (+10.3% a year).
Providence home values by year
| Year | Median home value | Basis |
|---|---|---|
| 2026 Q2 (estimate) | $458,000 | ACS 2024 value × FHFA index change |
| 2027 (projected) | $480,000 | +4.7% (past year) |
| 2028 (projected) | $502,000 | +4.7% (past year) |
| 2031 (projected) | $674,000 | +10.3% (2020–2025 average) |
Median home value in Providence, from the Census
| Year | Median home value |
|---|---|
| 2019 | $237,200 |
| 2023 | $359,900 |
| 2024 | $413,800 |
Read this with care
The Census value is owners' own estimate, and the FHFA index covers the whole metro area (Providence-Warwick, RI-MA), not Providence alone. Moving a 2024 city median forward by a metro index is an estimate, and the projection carries two trends forward; it isn't a call on the next turn. For a specific ZIP code, use Predictye Property.
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024) forProvidence (Providence city, Rhode Island); medians are shown only when their margin of error is within 10%. FHFA all-transactions house price index for Providence-Warwick, RI-MA, through 2026Q2. How Predictye calculates this.
Frequently asked questions
What will homes in Providence, RI be worth in 2027?
A home at the city's median would be worth about $480,000 in 2027, starting from an estimated $458,000 in 2026 Q2. The first 2 years follow the metro index's change over the past year (+4.7%); later years use its 2020–2025 average (+10.3% a year).
What is the median home value in Providence, RI?
$413,800 in 2024, from the Census Bureau's American Community Survey. It's owners' estimate of their home's value.
Are home prices in Providence, RI going up or down?
Across Providence-Warwick, RI-MA, the FHFA house price index moved +4.7% over the year to 2026 Q2, and averaged +10.3% a year from 2020 to 2025.