ZIP Code Market Report
02909 — Providence, RI
Data through February 2026 · Updated monthly
Avg Home Value
$374,974
▲ 1.6% year-over-year
Month-over-Month
+0.2%
▲ 0.2%
Single Family
$382,771
Condo / Co-op
$305,590
The average home value in the 02909 ZIP code (Providence, RHODE-ISLAND) is $374,974 as of February 2026. Home prices are rising, up 1.6% compared to last year.
A 3-bedroom home in 02909 is valued at $374,906. 1-bedroom units start around $291,107. Single-family homes average $382,771, while condos average $305,590.
The market in 02909 has a $150,166 spread between bottom-tier homes at $314,863 and top-tier homes at $465,029. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 02909 ZIP code will increase 0.8% over the next 12 months, bringing the projected average to approximately $377,974. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Newport County market area in RHODE-ISLAND. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Newport County report.
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Market Snapshot
02909 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $374,443 | $374,121 | $374,974 | ▲ 0.1% |
| Single Family Value | $380,278 | $381,458 | $382,771 | ▲ 0.7% |
Home Values
02909 Home Value Trend
Historical home values for ZIP code 02909. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 02909
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $291,107 |
| 2 Bedrooms | $333,871 |
| 3 Bedrooms | $374,906 |
| 4 Bedrooms | $401,052 |
Property Types
Home Values by Property Type in 02909
How different property types compare in this ZIP code.
All Homes
$374,974
Single Family
$382,771
Condo / Co-op
$305,590
Bottom Tier
$314,863
Top Tier
$465,029
Forecast
12-Month Home Value Forecast for 02909
Zillow projects home values in 02909 will increase 0.8% over the next year, reaching approximately $377,974.
Current Value
$374,974
Projected Change
+0.8%
▲ 0.8%
Projected Value
$377,974
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 02909 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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