How much house does $500,000 buy you in Providence?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Providence?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Providence right now. Listings below $500,000 were included if necessary.
542 Prospect St, Woonsocket, RI 02895
- Price: $499,999
- 6 bedrooms, 3.5 bathrooms
- Square feet: 3,814
- See 542 Prospect St, Woonsocket, RI 02895 on Redfin.com
6 Union St, Coventry, RI 02816
- Price: $499,900
- 6 bedrooms, 2.5 bathrooms
- Square feet: 2,576
- See 6 Union St, Coventry, RI 02816 on Redfin.com
160 Foote St, Fall River, MA 02724
- Price: $499,900
- 6 bedrooms, 2 bathrooms
- Square feet: 2,166
- See 160 Foote St, Fall River, MA 02724 on Redfin.com
6 Mill St, North Smithfield, RI 02896
- Price: $500,000
- 5 bedrooms, 2 bathrooms
- Square feet: 2,241
- See 6 Mill St, North Smithfield, RI 02896 on Redfin.com
39 Bay St, New Bedford, MA 02740
- Price: $499,900
- 5 bedrooms, 2 bathrooms
- Square feet: 2,190
- See 39 Bay St, New Bedford, MA 02740 on Redfin.com
36 Tiffany St, Central Falls, RI 02863
- Price: $500,000
- 5 bedrooms, 2 bathrooms
- Square feet: 1,920
- See 36 Tiffany St, Central Falls, RI 02863 on Redfin.com
192 Oakland Ave, Providence, RI 02908
- Price: $500,000
- 4 bedrooms, 4 bathrooms
- Square feet: 2,184
- See 192 Oakland Ave, Providence, RI 02908 on Redfin.com
454 Union Ave, Providence, RI 02909
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,100
- See 454 Union Ave, Providence, RI 02909 on Redfin.com
65 Grant St, Providence, RI 02909
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,000
- See 65 Grant St, Providence, RI 02909 on Redfin.com
207 Stillwater Dr, Warwick, RI 02889
- Price: $499,999
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,982
- See 207 Stillwater Dr, Warwick, RI 02889 on Redfin.com
19 Leawood Dr, Cranston, RI 02920
- Price: $499,999
- 4 bedrooms, 2 bathrooms
- Square feet: 2,844
- See 19 Leawood Dr, Cranston, RI 02920 on Redfin.com
65 Bigelow St, Fall River, MA 02720
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,102
- See 65 Bigelow St, Fall River, MA 02720 on Redfin.com
135-137 Query St, New Bedford, MA 02745
- Price: $499,999
- 4 bedrooms, 2 bathrooms
- Square feet: 1,990
- See 135-137 Query St, New Bedford, MA 02745 on Redfin.com
1565 Victory Hwy, Greene, RI 02827
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 1,690
- See 1565 Victory Hwy, Greene, RI 02827 on Redfin.com
8 Meadow Ln, Coventry, RI 02816
- Price: $499,999
- 4 bedrooms, 1.5 bathrooms
- Square feet: 2,620
- See 8 Meadow Ln, Coventry, RI 02816 on Redfin.com
8 Algonquin Dr, South Dartmouth, MA 02748
- Price: $499,999
- 4 bedrooms, 1 bathroom
- Square feet: 1,316
- See 8 Algonquin Dr, South Dartmouth, MA 02748 on Redfin.com
99 Colfax St, Providence, RI 02905
- Price: $499,999
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,822
- See 99 Colfax St, Providence, RI 02905 on Redfin.com
99 Ayda Rose Ave, West Warwick, RI 02893
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,600
- See 99 Ayda Rose Ave, West Warwick, RI 02893 on Redfin.com
579 Summit St, Fall River, MA 02724
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,160
- See 579 Summit St, Fall River, MA 02724 on Redfin.com
2970 Mendon Rd, Cumberland, RI 02864
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,010
- See 2970 Mendon Rd, Cumberland, RI 02864 on Redfin.com
1066 Mount Hope St, North Attleborough, MA 02760
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,240
- See 1066 Mount Hope St, North Attleborough, MA 02760 on Redfin.com
192 Terrace Ave, Pawtucket, RI 02860
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,248
- See 192 Terrace Ave, Pawtucket, RI 02860 on Redfin.com
14 Presbrey Ave, Taunton, MA 02780
- Price: $499,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,098
- See 14 Presbrey Ave, Taunton, MA 02780 on Redfin.com
320 Church St, Pascoag, RI 02859
- Price: $500,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,720
- See 320 Church St, Pascoag, RI 02859 on Redfin.com
74 Woodhaven Rd, North Kingstown, RI 02852
- Price: $500,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,593
- See 74 Woodhaven Rd, North Kingstown, RI 02852 on Redfin.com
6 Fox Run, Portsmouth, RI 02871
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,652
- See 6 Fox Run, Portsmouth, RI 02871 on Redfin.com
122 N Worcester St, Norton, MA 02766
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,152
- See 122 N Worcester St, Norton, MA 02766 on Redfin.com
8 Denise Ave, East Freetown, MA 02717
- Price: $500,000
- 2 bedrooms, 1 bathroom
- Square feet: 1,428
- See 8 Denise Ave, East Freetown, MA 02717 on Redfin.com
490 Court House Ln, Pascoag, RI 02859
- Price: $499,900
- 2 bedrooms, 1 bathroom
- Square feet: 968
- See 490 Court House Ln, Pascoag, RI 02859 on Redfin.com
