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Providence, Rhode Island Mortgage and Housing Information

Population: 173,618
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

Value of Houses and Condos

A comparison of the average prices of homes in Providence, Rhode Island and the U.S.
U.S.Rhode IslandProvidence
Median home value
in year 2006
$185,200$295,700$266,400

Monthly Owner Costs

Median owner costs for owner-occupied houses and condos in year 2006
U.S.Rhode IslandProvidence
With a mortgage$1,402$1,707$1,715
Without a mortgage$399$573$625

Ownership of Houses and Condos

Types of mortgages for owner-occupied Houses and Condos in Providence (2006)
Mortgage TypeNumber of Houses and CondosPercent of total
Without a mortgage5,25924.3%
First Mortgage Only11,62053.7%
Second Mortgage and/or Home Equity Loan4,77722.1%
Total21,656100%

Tenancy in Providence

How many people in Providence live in their own home? How many rent their home? Data for houses and condos, from 2006.
Owner-occupied homes21,656
Renter-occupied homes37,316
Homes for sale879
Homes for rent4,027
Total69,169

Age of Providence Residents

Median age for males and females (2000).
Males 27
Females 29

Income

Median earnings for the 12 months preceding 2006, residents over 16 years with earnings
U.S.Rhode IslandProvidence
Median Earnings$27,239$28,134$19,456
Median Earnings, Males$32,396$34,230$22,254
Median Earnings, Females$22,097$23,007$16,094

Males earn $6,160 (38.3%) more than Females in Providence.

Commuting in Providence

Means of transportation to work, workers over 16 years old.
Means of TransportNumber of People
Car, solo40,632
Carpooled10,360
Public Transit4,898
Bicycle701
Walking8,227
Other Means698
Total, Commuted65,516
Worked from home1,653
Total67,169

Time Spent Commuting in Providence

Time spent commuting in Providence
Time spent in minutesNumber of People
Less than 52,408
5-99,674
10-1414,490
15-1913,923
20-248,583
25-292,869
30-345,589
35-39763
40-441,242
45-592,516
60-892,189
Over 901,270

Education

Level of higher education for people over 25 years in Providence (2006).
LevelNumber of MalesPercent of MalesNumber of FemalesPercent of Females
Some College4,91910.5%7,12315.2%
Associate Degree1,7633.8%2,2904.9%
Bachelor's Degree8,43718.0%7,25715.5%
Master's Degree3,6767.9%4,4089.4%
Professional Degree9842.1%8941.9%
Doctorate Degree1,2712.7%6481.4%
Total (at least some college)21,05045.0%22,62045.4%
Total over 2546,757100%49,877100%

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