As-is Deals in East Providence, RI

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3 View this home at Follett St East Providence RI 02914
$305,800 EMV
Follett St
East Providence, RI 02914
4 |
EST. RENT: $1,321
AUCTION: 06-20-2024
4 |
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Home Value Estimator For East Providence, RI

There are currently 5,837 real estate properties in East Providence, RI, with a median automated valuation model (AVM) price of $358,806.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in East Providence, RI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in East Providence, RI, is $369,795.00, with the most expensive house in East Providence, RI, topping out at $3,297,000.00 and the cheapest home in East Providence, RI, clocking in at $60,721.00. In other words, there’s something for every potential homebuyer or savvy investor in East Providence, RI!

Rent Prices In East Providence, RI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in East Providence, RI, is on a rollercoaster ride. The average rent price in East Providence, RI, is $1,531.00. Indeed, when looking to rent in East Providence, RI, you can expect to pay as little as $800.00 or as much as $2,560.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in East Providence, RI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In East Providence, RI In 2024

East Providence is located in Providence, Rhode Island, with an estimated municipal population of 47,618 residents. All of the best foreclosed homes for sale in East Providence are located in the following zip code areas on 02915 02914 02916. The estimated population per square kilometer (.62 miles) in East Providence is 1,383.

Cost Of Living In East Providence, RI

So, about how much do homes cost in East Providence? The most recent median value of resident-owned homes in East Providence is 220,787. An estimated 61 percent of households in East Providence own their homes, with an average family size of 3.07. The median household income in East Providence is 59,142, with26.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in East Providence, the median commute time of resident workers (in minutes) is 24.2. And last, but certainly not least, are you looking for homes to rent in East Providence? If so, the average rent price paid by renters in East Providence is 974, according to recent statistics.

Diversity And Demographics In East Providence, Rhode Island

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to East Providence, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in East Providence is 41.3, split between 48 percent male versus 52 female. The percentage of residents who report being married in East Providence is 43.2, with an average family size of 3.07.

The percentage of residents who report their race in East Providence is as follows:

White 82.6%
Black / African American 6.4%
Asian 2.9%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 5.2%
Other 2.7%

Looking for family-friendly neighborhoods in and/or near East Providence? Or maybe you are searching for 55+ active adult communities in and/or near East Providence?

The percentage of residents who report their age in East Providence is as follows:

Under 10 10%
Aged 10-19 9.3%
20s 14.2%
30s 14.7%
40s 10.4%
50s 14.2%
60s 12.9%
70s 7.4%
80+ 6.8%

Best Schools In East Providence, Rhode Island

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in East Providence with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in East Providence.

Pros And Cons Of Living In East Providence, Rhode Island

How do you know that living in -- or moving to -- East Providence is right where you need to be? Perhaps you grew up in East Providence or already live nearby; therefore, the decision to buy a home in East Providence is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to East Providence for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in East Providence:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like East Providence.

Reasons To Move To East Providence, Rhode Island, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in East Providence can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in East Providence, meanwhile, can field multiple offers from more qualified buyers.

East Providence, RI As-is Deals


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