02863 — Providence County, Rhode Island Market Snapshot
Housing market data for zip code 02863 in Providence County, Rhode Island. Updated monthly with median prices, days on market, and more.
Market Sales Data
15 sales in 2026 (year to date)
Median Sale Price
$500,000
Days to Sell
34
Homes Sold
15
Inventory
8
Sale-to-List
98.8%
New Listings
23
Price/SqFt
$173
Pending Sales
18
Conforming Loan Available
Most homebuyers in 02863 can comfortably use conventional financing. The median home price of $500,000 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
02863's market is balanced with homes taking an average of 34 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 02863 (98.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 02863 can comfortably use conventional financing. The median home price of $500,000 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 02863 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 02863
To purchase the median home at $500,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,981.
Monthly Payment
$3,981
Income Required
$170,607
Principal & Interest
$3,081/mo
Down Payment (5%)
$25,000
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 02863.
Estimated Monthly Payment
$3,244
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