The story of this market
The typical home in ZIP 02905 sells for about $469,000, or $265 per square foot.
Prices are up +1.7% 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 $1,175 a month.
ZIP 02905 — Providence
The 02905 housing market remains highly competitive with low inventory levels driving price appreciation. While demand remains steady, the market is sensitive to interest rate fluctuations and affordability constraints for local buyers. Figures for specific metrics like price cuts and months of supply are based on current market activity reports.
This ZIP is well-suited for urban-oriented renters, first-time homebuyers, and investors seeking proximity to Providence's cultural and employment centers in a dense, established neighborhood.
Median prices moved up 1.7% year over year.
Homes spend a median of 24 days on market with 2.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 101.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.2% · poverty 16.8% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 02905, Providence County RI
Crime rates in the 02905 area are generally higher than the national average, with property crime being the most frequently reported incident type in this urban Providence neighborhood.
Public schools serving the area are part of the Providence Public School District, which faces ongoing challenges regarding academic performance and facility quality compared to suburban Rhode Island districts.
The area faces moderate risk from urban flooding during heavy precipitation events, and coastal proximity necessitates standard wind and flood insurance considerations.
Economic momentum is driven by the broader Providence healthcare and education sectors, with ongoing urban infill and renovation projects characterizing the local development landscape.
Property taxes are assessed by the City of Providence based on the property's fair market value, with specific exemptions available for owner-occupied primary residences and elderly residents.
Residents benefit from proximity to I-95 and I-195, providing direct access to downtown Providence and regional employment hubs, with moderate public transit connectivity via RIPTA bus lines.
The area features access to Roger Williams Park, which offers extensive green space, a zoo, and botanical gardens, alongside local neighborhood parks and proximity to Narragansett Bay waterfront.
The rental market is characterized by high demand and low vacancy rates, driven by the area's proximity to local universities and the downtown employment core.
The economy is anchored by major healthcare systems like Rhode Island Hospital and educational institutions, providing a stable employment base for the region.
The area is served by a dense network of local roads and is well-connected to the regional highway system, with significant reliance on bus transit for non-driving commuters.
Development is primarily focused on the adaptive reuse of historic structures and small-scale residential infill projects within the existing urban fabric.
Parcels are subject to City of Providence municipal taxes and the Providence Public School District levies.
Property insurance premiums are influenced by the area's urban density and flood zone designations, with standard market availability.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Supercharged Entertainment4.518.4 mi
- United Skates of America4.34.9 mi
- R1 Indoor Karting | Time Mission, Dart City, Mission Box & Axe Bar4.66.8 mi
- Dave & Buster's Providence4.23 mi
- Funcity Adventure Park4.217.9 mi
- The Xfinity Center4.216.7 mi
- Supercharged Entertainment4.518.4 mi
- Amica Mutual Pavilion4.42.8 mi
- Rhode Island Convention Center4.42.8 mi
- Topgolf Rhode Island4.34 mi
- Bally's Lincoln3.97.5 mi
- Roger Williams Park Zoo4.61.1 mi
- Colt State Park4.89.1 mi
- RISD Museum4.72.7 mi
- Lincoln Woods State Park4.67.8 mi
- RISD Museum4.72.7 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.813.7 mi
- Providence Children's Museum4.62.1 mi
- Newport Car Museum4.916.2 mi
- Blithewold Manor, Gardens & Arboretum4.711.4 mi
- Colt State Park4.89.1 mi
- Lincoln Woods State Park4.67.8 mi
- Roger Williams Park4.70.8 mi
- Goddard Memorial State Park4.69.2 mi
- Rocky Point State Park4.76.9 mi
- The Cove | Restaurant & Marina4.313.3 mi
- Herreshoff Marine Museum4.710.6 mi
- Harbor Lights Dining Events Golf Marina4.47 mi
- East Providence Yacht Club4.32.1 mi
- Rhode Island Yacht Club4.61.5 mi
- Topgolf Rhode Island4.34 mi
- Kirkbrae Country Club4.611.5 mi
- Triggs Memorial Golf Course4.24.6 mi
- Swansea Country Club4.46.6 mi
- Harbor Lights Dining Events Golf Marina4.47 mi
- Providence Place4.43.1 mi
- Warwick Mall4.36.1 mi
- Garden City Center4.63.8 mi
- Emerald Square Mall411.2 mi
- Rhode Island T.F. Green International Airport4.44.8 mi
- Boston Skydive Center510.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive 435-acre city park featuring a zoo, museum, and botanical center.
A major commercial artery featuring diverse local dining and retail options.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).