Providence Investment Analysis
Investment Property in Providence, RI
Providence, RI Real Estate Investment Performance
$579,653
Median
2,437
Avg/Sq.ft.
3.00%
Traditional
N/A
Airbnb
773
Investment
2,824
Airbnb
276
Traditional
29%
Airbnb occupancy rate
Redfin Housing market insights powered by Redfin
315
Number of homes sold
32
Median days on market
100%
Average sale-to-list price ratio
18%
Percentage of listings with price drops
773
Active listings count
555
New listings count
2.9
Months of supply
Providence, RI Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Providence, RI
$252,000
MLS 73459065
Single Family Residential
CAP RATE
Trad.
11.57%
Airbnb
7.81%
$269,000
MLS 1413993
Single Family Residential
CAP RATE
Trad.
11.00%
Airbnb
6.76%
$189,900
MLS 1423241
Other
CAP RATE
Trad.
4.51%
Airbnb
5.86%
$375,000
MLS 1423460
Single Family Residential
CAP RATE
Trad.
7.09%
Airbnb
5.73%
$475,000
MLS 1413077
Multi Family
CAP RATE
Trad.
4.51%
Airbnb
5.44%
$475,000
MLS 1411309
Condo/Coop
CAP RATE
Trad.
6.51%
Airbnb
4.89%
$350,000
MLS 1417159
Single Family Residential
CAP RATE
Trad.
6.26%
Airbnb
4.80%
$185,000
MLS 1397411
Other
CAP RATE
Trad.
4.55%
Airbnb
4.81%
Single Family Houses for Sale in Providence, RI
$252,000
MLS 73459065
Single Family Residential
CAP RATE
Trad.
11.57%
Airbnb
7.81%
$269,000
MLS 1413993
Single Family Residential
CAP RATE
Trad.
11.00%
Airbnb
6.76%
$375,000
MLS 1423460
Single Family Residential
CAP RATE
Trad.
7.09%
Airbnb
5.73%
$350,000
MLS 1417159
Single Family Residential
CAP RATE
Trad.
6.26%
Airbnb
4.80%
$375,000
MLS 1422371
Single Family Residential
CAP RATE
Trad.
6.97%
Airbnb
4.69%
$600,000
MLS 1411244
Single Family Residential
CAP RATE
Trad.
6.61%
Airbnb
4.25%
$395,000
MLS 1418495
Single Family Residential
CAP RATE
Trad.
7.18%
Airbnb
4.24%
$350,000
MLS 1420069
Single Family Residential
CAP RATE
Trad.
5.47%
Airbnb
4.02%
Multi Family Houses for sale in Providence, RI
$475,000
MLS 1413077
Multi Family
CAP RATE
Trad.
4.51%
Airbnb
5.44%
$379,900
MLS 1416021
Multi Family
CAP RATE
Trad.
7.37%
Airbnb
3.58%
$599,999
MLS 1415448
Multi Family
CAP RATE
Trad.
5.03%
Airbnb
3.43%
$399,000
MLS 1421566
Multi Family
CAP RATE
Trad.
6.07%
Airbnb
3.28%
$545,000
MLS 1423513
Multi Family
CAP RATE
Trad.
3.75%
Airbnb
3.12%
$416,000
Multi Family
CAP RATE
Trad.
7.05%
Airbnb
3.09%
$499,900
MLS 1424209
Multi Family
CAP RATE
Trad.
6.56%
Airbnb
2.53%
$715,000
MLS 1422951
Multi Family
CAP RATE
Trad.
3.24%
Airbnb
2.41%
Condos for Sale in Providence, RI
$475,000
MLS 1411309
Condo/Coop
CAP RATE
Trad.
6.51%
Airbnb
4.89%
$650,000
MLS 1395297
Condo/Coop
CAP RATE
Trad.
4.99%
Airbnb
3.83%
$675,000
MLS 1405237
Condo/Coop
CAP RATE
Trad.
4.86%
Airbnb
3.73%
$609,000
MLS 1411214
Condo/Coop
CAP RATE
Trad.
4.17%
Airbnb
3.63%
$209,000
MLS 1411100
Condo/Coop
CAP RATE
Trad.
3.06%
Airbnb
2.74%
$395,000
MLS 1421744
Condo/Coop
CAP RATE
Trad.
2.60%
Airbnb
2.45%
$824,900
MLS 1414232
Condo/Coop
CAP RATE
Trad.
3.22%
Airbnb
2.28%
$322,500
MLS 1402467
Condo/Coop
CAP RATE
Trad.
8.96%
Airbnb
2.25%
Townhouses for Sale in Providence, RI
$240,000
MLS 73548619
Townhouse
CAP RATE
Trad.
4.00%
Airbnb
1.12%
$850,000
MLS 1414906
Townhouse
CAP RATE
Trad.
2.23%
Airbnb
0.76%
$739,995
MLS 30CC7690626B
Townhouse
CAP RATE
Trad.
2.06%
Airbnb
0.50%
$775,020
MLS B0304E903031
Townhouse
CAP RATE
Trad.
1.56%
Airbnb
0.36%
$325,000
MLS 1410339
Townhouse
CAP RATE
Trad.
5.51%
Airbnb
0.32%
$729,995
MLS 73522462
Townhouse
CAP RATE
Trad.
1.11%
Airbnb
-0.47
$329,900
MLS 1415024
Townhouse
CAP RATE
Trad.
3.35%
Airbnb
-0.52
$774,995
MLS 73522473
Townhouse
CAP RATE
Trad.
0.89%
Airbnb
-0.59
Top Providence, RI Neighborhoods - Real Estate Market Analysis
Reservoir
$384,500
Median for city
1.17%
Traditional
N/A
Airbnb
$ 1,675
Traditional
$ 1,691
Airbnb
60%
Airbnb occupancy rate
Hartford
$384,500
Median for city
9.10%
Traditional
13.68%
Airbnb
$ 1,498
Traditional
$ 3,077
Airbnb
58%
Airbnb occupancy rate
Elmwood
$384,500
Median for city
3.36%
Traditional
8.06%
Airbnb
$ 1,796
Traditional
$ 3,722
Airbnb
57%
Airbnb occupancy rate
Mount Pleasant
$384,500
Median for city
4.07%
Traditional
N/A
Airbnb
$ 1,564
Traditional
$ 2,969
Airbnb
55%
Airbnb occupancy rate
Washington Park
$384,500
Median for city
4.11%
Traditional
5.78%
Airbnb
$ 1,636
Traditional
$ 3,366
Airbnb
58%
Airbnb occupancy rate
Lower South Providence
$384,500
Median for city
0.79%
Traditional
3.70%
Airbnb
$ 1,515
Traditional
$ 3,779
Airbnb
57%
Airbnb occupancy rate
Valley
$384,500
Median for city
4.63%
Traditional
0.56%
Airbnb
$ 2,249
Traditional
$ 1,760
Airbnb
67%
Airbnb occupancy rate
Charles
$384,500
Median for city
1.67%
Traditional
4.86%
Airbnb
$ 1,539
Traditional
$ 2,877
Airbnb
55%
Airbnb occupancy rate
Manton
$384,500
Median for city
6.60%
Traditional
5.95%
Airbnb
$ 1,838
Traditional
$ 3,021
Airbnb
55%
Airbnb occupancy rate
Elmhurst
$384,500
Median for city
1.95%
Traditional
2.75%
Airbnb
$ 1,826
Traditional
$ 3,058
Airbnb
54%
Airbnb occupancy rate
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Best Short Term Rental Markets
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleAirbnb Vacation Rentals in Providence, RI
$69 per night
Airbnb occupancy rate 43%
Apartment 1 · 1 · 2
Rental Income: $903 per month
904
$183 per night
Airbnb occupancy rate 55%
Apartment 1 · 1 · 4
Rental Income: $3,035 per month
807
$160 per night
Airbnb occupancy rate 47%
Apartment 1 · 1 · 4
Rental Income: $2,293 per month
731
$147 per night
Airbnb occupancy rate 35%
Apartment 1 · 1 · 2
Rental Income: $1,568 per month
696
$195 per night
Airbnb occupancy rate 39%
Apartment 2 · 1 · 5
Rental Income: $2,291 per month
695
$71 per night
Airbnb occupancy rate 32%
Apartment 1 · 1 · 2
Rental Income: $686 per month
692
$72 per night
Airbnb occupancy rate 43%
Apartment 1 · 1 · 2
Rental Income: $948 per month
677
$189 per night
Airbnb occupancy rate 41%
Apartment 1 · 1 · 4
Rental Income: $2,378 per month
635
Real Estate Investment Analysis - Other Cities in rhode island
| City Name | Property price | Cash on cash return | Rental Income | No. of Properties | Airbnb Occupancy Rate | ||
|---|---|---|---|---|---|---|---|
| Median | traditional | Airbnb | traditional | Airbnb | |||
| Portsmouth | $339,000 | 2% | 1% | $3,354 | $3,808 | 341 | 26% |
| Warwick | $487,000 | 4% | 2% | $2,935 | $2,980 | 150 | 31% |
| Cranston | $499,950 | 4% | 1% | $3,193 | $1,999 | 94 | 29% |
| Pawtucket | $497,000 | 5% | 1% | $3,109 | $1,795 | 81 | 33% |
| North Kingstown | $850,000 | 2% | 1% | $3,353 | $3,209 | 63 | 25% |
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