Short Sale Listings in Providence, RI

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Foreclosure Homes in Providence, RI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Providence, RI area at Get information on foreclosure homes for rent, how to buy foreclosures in Providence, RI and much more. Save thousands at closing with home foreclosure listings in Providence, RI — up to 75% off market value!

Top Reasons To Live In Providence, RI In 2023

Providence is located in Providence, Rhode Island, with an estimated municipal population of 179,883 residents. All of the best foreclosed homes for sale in Providence are located in the following zip code areas on 02903 02906 02907 02905 02908 02909 02904 02912 02901 02902 02918 02940. The estimated population per square kilometer (.62 miles) in Providence is 3,773.

Cost Of Living In Providence, RI

So, about how much do homes cost in Providence? The most recent median value of resident-owned homes in Providence is 202,477. An estimated 36.1 percent of households in Providence own their homes, with an average family size of 3.52. The median household income in Providence is 45,610, with19.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Providence, the median commute time of resident workers (in minutes) is 23.2. And last, but certainly not least, are you looking for homes to rent in Providence? If so, the average rent price paid by renters in Providence is 994, according to recent statistics.

Diversity And Demographics In 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 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 Providence is 30.6, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Providence is 30.6, with an average family size of 3.52.

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

White 55.1%
Black / African American 16.8%
Asian 6%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 4.7%
Other 16.3%

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

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

Under 10 12.5%
Aged 10-19 15.7%
20s 20.7%
30s 14.3%
40s 11.2%
50s 10.4%
60s 8%
70s 4.1%
80+ 3.1%

Best Schools In 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 Providence with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Providence.

Pros And Cons Of Living In Providence, Rhode Island

How do you know that living in -- or moving to -- Providence is right where you need to be? Perhaps you grew up in Providence or already live nearby; therefore, the decision to buy a home in Providence is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to 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 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 Providence.

Reasons To Move To Providence, Rhode Island, In 2023

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

Providence, RI Short Sale Listings


Listing types in Providence, RI

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