02816 — Providence County, Rhode Island Market Snapshot
Housing market data for zip code 02816 in Providence County, Rhode Island. Updated monthly with median prices, days on market, and more.
Market Sales Data
91 sales in 2026 (year to date)
Median Sale Price
$427,000
Days to Sell
35
Homes Sold
91
Inventory
76
Sale-to-List
100.7%
New Listings
132
Price/SqFt
$255
Pending Sales
108
Conforming Loan Available
Most homebuyers in 02816 can comfortably use conventional financing. The median home price of $427,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
02816's market is balanced with homes taking an average of 35 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 02816 (100.7% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 02816 can comfortably use conventional financing. The median home price of $427,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 02816 are set at the county level.
2026 Loan Limits — Providence County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $787,750 |
| 2 Units | $1,066,250 | $1,008,450 |
| 3 Units | $1,288,800 | $1,219,000 |
| 4 Units | $1,601,750 | $1,514,950 |
Affordability Snapshot — Zip 02816
To purchase the median home at $427,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,422.
Monthly Payment
$3,422
Income Required
$146,637
Principal & Interest
$2,631/mo
Down Payment (5%)
$21,350
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 02816.
Estimated Monthly Payment
$2,793
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