Providence Neighborhoods
One of the most important things to consider when buying a home in Providence is the location. Providence is a relatively small city, but it is divided into several distinct neighborhoods, including the East Side, South Side, North End, and West Broadway. Each has its own unique character and charm that you'll need to consider when moving to Providence.
When choosing a location in Providence to buy a house, consider factors such as proximity to public transportation, schools, parks, and other amenities. You should also consider the overall safety and livability of the neighborhood.
Here are a few popular neighborhoods in Providence for homebuyers when you're considering:
Buying a Home on College Hill
This historic College Hill neighborhood is home to Brown University and the Rhode Island School of Design (RISD). It is known for its beautiful homes, tree-lined streets, and stunning views of Downtown Providence.
Buying a Home on the East Side
The East Side is a diverse neighborhood that includes several smaller neighborhoods, including Fox Point, Wayland Square, and Blackstone. It is known for its beautiful homes, parks, and proximity to the Brown University campus.
Buying a Home on Federal Hill
This lively Federal Hill neighborhood is known as the "Little Italy" of Providence and is home to some of the city's best Italian restaurants, cafes, and bakeries.
Providence Home Prices
Providence's real estate market is competitive, with home prices on the rise in recent years. According to Zillow, the the average Providence home value is $367,225, up 7.8% over the past year as of writing this article. However, prices can vary widely depending on the neighborhood and type of home you are looking for.
Before you start house hunting in Providence, it's a good idea to research current market trends and recent home sales in Rhode Island. This will give you a better idea of what to expect in terms of pricing and competition.