The story of this market
The typical home in ZIP 02908 sells for about $450,000, or $222 per square foot.
Prices are up +6.3% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $2,225 a month.
ZIP 02908 — Providence
The 02908 housing market is highly competitive, driven by its proximity to Providence College and a strong demand for rental housing. While home prices have seen a 6.3% year-over-year increase, inventory remains tight with homes selling in an average of 37 days. Several metrics, including months of supply and specific tax rates, were not determinable from current public datasets.
This ZIP is well-suited for investors targeting student housing, university-affiliated renters, and urban-dwelling professionals seeking proximity to Providence's educational and employment hubs.
Median prices moved up 6.3% year over year.
Homes spend a median of 37 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 16.1% — a stable, low-distress profile.
ZCTA 02908, Providence County RI
The area is characterized by its proximity to Providence College, influencing a student-heavy rental market and educational focus.
The area features a strong university-driven economy with significant interest in student housing and residential investment near Providence College.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Rhode Island) — Local Property Tax Assessment: Property is assessed at full and fair cash value. The tax is calculated by multiplying the assessed value by the local tax rate (mill rate). Municipalities may apply homestead exemptions or tax classifications (residential vs. commercial) as authorized by state law.
Residents have a mean commute time of approximately 25.5 minutes, with a majority driving alone to work.
The area is located in a dense urban environment with proximity to Providence College and various local amenities within the city of Providence.
The rental market is highly active due to the university presence, with a median rent of $2,225 and significant demand for student-oriented housing.
The local economy is heavily influenced by the education sector, specifically Providence College, alongside healthcare and retail trade industries.
The area is served by the Providence-Warwick transit network, with most residents relying on personal vehicles for commuting.
Development activity is largely focused on the renovation and conversion of existing housing stock to serve the student and rental markets.
The area is served by the Providence Public School District.
Data retrieved from US5.com and Census Reporter profiles for ZCTA 02908.
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. Source: NCES EDGE public school locations 2023-24.
- Supercharged Entertainment4.515.9 mi
- Urban Air Trampoline and Adventure Park4.516.9 mi
- United Skates of America4.34.1 mi
- R1 Indoor Karting | Time Mission, Dart City, Mission Box & Axe Bar4.63.6 mi
- Dave & Buster's Providence4.21.2 mi
- Gillette Stadium4.619.6 mi
- The Xfinity Center4.215.4 mi
- Supercharged Entertainment4.515.9 mi
- Patriot Place4.619.5 mi
- Amica Mutual Pavilion4.41.4 mi
- Bally's Lincoln3.93.5 mi
- Roger Williams Park Zoo4.63.5 mi
- RISD Museum4.71.6 mi
- Lincoln Woods State Park4.64.1 mi
- Showcase Cinema de Lux North Attleboro4.69.4 mi
- RISD Museum4.71.6 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.817.3 mi
- Providence Children's Museum4.62 mi
- Blithewold Manor, Gardens & Arboretum4.715.4 mi
- The Providence Athenaeum4.81.7 mi
- Lincoln Woods State Park4.64.1 mi
- Roger Williams Park4.73.5 mi
- Goddard Memorial State Park4.612.5 mi
- Slater Memorial Park4.65.3 mi
- Rocky Point State Park4.710.8 mi
- The Cove | Restaurant & Marina4.316.8 mi
- Herreshoff Marine Museum4.714.7 mi
- Harbor Lights Dining Events Golf Marina4.410.8 mi
- East Providence Yacht Club4.32.9 mi
- Rhode Island Yacht Club4.65.5 mi
- Topgolf Rhode Island4.36 mi
- Kirkbrae Country Club4.67.6 mi
- Triggs Memorial Golf Course4.21.2 mi
- Swansea Country Club4.410 mi
- Harbor Lights Dining Events Golf Marina4.410.8 mi
- Providence Place4.41.2 mi
- Warwick Mall4.38.1 mi
- Garden City Center4.65.4 mi
- Emerald Square Mall48.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major anchor institution that drives local housing demand and economic activity.
Key-figure check: median price diverges 20.5% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $542,339 (20.5% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration.