02908 — Providence County, Rhode Island Market Snapshot
Housing market data for zip code 02908 in Providence County, Rhode Island. Updated monthly with median prices, days on market, and more.
Market Sales Data
38 sales in 2026 (year to date)
Median Sale Price
$633,750
Days to Sell
36
Homes Sold
38
Inventory
40
Sale-to-List
99.1%
New Listings
69
Price/SqFt
$205
Pending Sales
51
Conforming Loan Available
Most homebuyers in 02908 can comfortably use conventional financing. The median home price of $633,750 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
02908's market is balanced with homes taking an average of 36 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 02908 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 02908 can comfortably use conventional financing. The median home price of $633,750 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 02908 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 02908
To purchase the median home at $633,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,006.
Monthly Payment
$5,006
Income Required
$214,525
Principal & Interest
$3,905/mo
Down Payment (5%)
$31,688
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 02908.
Estimated Monthly Payment
$4,072
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