The story of this market
The typical home in East Providence, Rhode Island sells for about $480,000, or $297 per square foot.
Prices are up +9.1% from a year ago, so sellers still have some momentum. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,262 a month.
Monthly price momentum
Home values since 2015
+5.7%
RI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
East Providence, Rhode Island
The East Providence housing market is currently very competitive, with a median sale price of $480,000 reflecting a 9.1% year-over-year increase. Strong demand and limited inventory are driving rapid sales, with homes typically selling in 24 days. The city's ongoing waterfront redevelopment and proximity to Providence continue to bolster property values and investor interest.
No ARED county foreclosure postings attributed to East Providence yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 9.1% year over year.
Homes spend a median of 24 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.3% · poverty 10.1% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major regional recreational asset that runs through the city, providing a scenic route for cyclists and pedestrians connecting to the wider East Bay area.
A significant mixed-use development on the waterfront that has revitalized the area with new residential units and commercial space, enhancing local property appeal.
A natural green space offering residents access to wooded trails and outdoor recreation, contributing to the city's quality of life.
A local commercial hub that provides essential services, dining, and retail options, serving as a focal point for the Riverside neighborhood.
East Providence is an ideal fit for family buyers and commuters who seek a balance between suburban living and proximity to the Providence employment core. The city's diverse housing stock and ongoing waterfront development also attract investors looking for long-term value in a growing coastal community.
The city is served by the East Providence School District, which provides a comprehensive public education system for the community. Local schools are generally characterized by their integration into the city's residential neighborhoods and ongoing efforts to modernize facilities.
The city is well-connected via major highway corridors that facilitate easy access to Providence and the broader Rhode Island region. Public transit options are available, though the commute profile remains heavily reliant on personal vehicle use.
East Providence offers a robust amenity base centered on its waterfront access, including the popular East Bay Bike Path which provides scenic transit and recreation. Residents also enjoy local parks like Squantum Woods and various community squares that serve as neighborhood gathering points.
The rental market in East Providence is characterized by steady demand, supported by its proximity to Providence and relatively lower rent levels compared to the broader state average. Vacancy pressure remains low, and the market sees a mix of long-term residential rentals and some investor interest in multi-family properties.
The economy is anchored by a mix of local services, retail, and a growing waterfront commercial sector. Proximity to Providence allows for a diverse employment base, with many residents commuting to the capital for professional and institutional roles.
Economic momentum is driven by significant waterfront redevelopment projects, particularly at Kettle Point, which have transformed former industrial sites into mixed-use residential and commercial hubs. The city benefits from its proximity to Providence, serving as a key residential and employment corridor in the East Bay region.
Development planning is heavily focused on the continued revitalization of the waterfront, with several approved projects aimed at increasing housing density and commercial activity. These efforts are designed to leverage the city's coastal location to attract new residents and businesses.
Parcels in East Providence are subject to city-wide municipal services and school district levies. There are no major MUD or PID districts reported, with infrastructure and utility management primarily handled through municipal departments.
The city's waterfront geography along the Seekonk and Providence Rivers necessitates awareness of coastal flood risks and storm surge potential. Property owners in low-lying areas are typically required to maintain flood insurance as part of their risk management posture.
Property insurance premiums in the area are influenced by coastal hazard exposure, particularly for properties located near the waterfront. Market health is generally stable, though owners should account for flood insurance requirements in their annual housing costs.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Rhode Island) — Local Property Tax Assessment: Property is assessed at full and fair cash value. The tax is calculated by multiplying the assessed value by the local tax rate (mill rate). Municipalities may apply homestead exemptions or tax classifications (residential vs. commercial) as authorized by state law.
Data retrieved from US Census Bureau QuickFacts and Data USA.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.