Investor-grade market analytics for Providence-Warwick, Rhode Island. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.
$525,363
+3.6% year-over-year
5.0%
gross annual
+3.6%
base case (Zillow ZHVF)
+3.6% year-over-year
28/100
LowNet migration: Top 9% nationally
In-migrants avg $80,440 AGI vs out-migrants $80,207
Opportunity Zone Market
34 ZIP codes in Providence-Warwick are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Providence-Warwick, RI-MA shows steady growth at 3.6% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability pressure is significant: the price-to-income ratio of 6.13x well exceeds the national average of 4.8x. Modest net positive migration (+641 returns/year) provides steady demand support. Climate risk remains low (28/100), favorable for long-term investment stability. Rental yield of 4.95% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Providence-Warwick, RI-MA's primary climate exposure is flooding (48/100). The composite climate risk score of 28/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.