Real Estate Market Update for 02905 (Providence, RI)
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Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 45% from one year earlier, and down 13% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 21%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 120-thousand dollars. The number of units sold increased 17% year-over-year, and increased 600% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 02905 (Providence, RI)
Area Information for 02905 (Providence, RI)
  • Population: 25,557
  • Median Age: 29.93 yr
  • Median Commute Time: 16.93 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 6,819/sq mi
  • Population Change Since 2000: -.69%
  • Closest Airport: Theodore Francis Green State
  • Closest College: Johnson And Wales University
  • Closest Jr. College: Community Clg Of Ri-providence Cmps
  • Median Household Income: $44,298
  • Annual Residential Turnover: 23.29%
  • Median Years in Residence: 2.77 yr
  • Median Home Sales Price: $108,500
  • Closest Major Sports Team: New England Revolution
  • Change Avg. Household Income Since 2000: 33%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 02905 (Providence, RI)
Median Age: 29.93 Married: 24% Number of Households: 8,711 Households with Children: 3,492
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 02905 (Providence, RI)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Alan Shawn Feinstein Elementary At Broad Street 0.1 mi Public K-5 1 4
      Edgewood Highland School 0.4 mi Public K-6 1 4
      St. Paul School 0.7 mi Catholic PRESCHOOL-8 0 3
      Charlotte Woods Elementary School 0.8 mi Public PRESCHOOL-5 0 3
      Roger Williams Daycare Center 0.9 mi Private PRESCHOOL-K 0 0
      Edward S. Rhodes School 0.9 mi Public K-6 3 5
      William B. Cooley Senior High School/health And Sc 0.9 mi Public 9-12 1 3
      Providence Academy Of International Studies 0.9 mi Public 9-12 0 2
      Roger Williams Middle School 1.0 mi Public 6-8 0 2
      Meeting Street School 1.0 mi Private PRESCHOOL-12 0 3
      Chester W. Barrows School 1.0 mi Public K-5 2-5 5
      Play And Learn Preschool 1.0 mi Private PRESCHOOL-K 0 0
      Mary E. Fogarty Elementary School 1.2 mi Public K-5 0 4
      Bishop Mcvinney Elementary School 1.3 mi Catholic PRESCHOOL-8 0 4
      Robert L Bailey Iv, Elementary School 1.4 mi Public PRESCHOOL-5 0 3
      Metropolitan Regional Career And Technical Center 1.5 mi Public 9-12 1 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 02905 (Providence, RI)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.