02860 — Providence County, Rhode Island Market Snapshot
Housing market data for zip code 02860 in Providence County, Rhode Island. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$612,000
Days to Sell
37
Homes Sold
16
Inventory
24
Sale-to-List
101.1%
New Listings
41
Price/SqFt
$177
Pending Sales
35
Conforming Loan Available
Most homebuyers in 02860 can comfortably use conventional financing. The median home price of $612,000 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
02860's market is balanced with homes taking an average of 37 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 02860 (101.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 02860 can comfortably use conventional financing. The median home price of $612,000 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 02860 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 02860
To purchase the median home at $612,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,839.
Monthly Payment
$4,839
Income Required
$207,384
Principal & Interest
$3,771/mo
Down Payment (5%)
$30,600
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 02860.
Estimated Monthly Payment
$3,938
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