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Real Estate Prices & Overview

Providence College median real estate price is $414,939, which is more expensive than 43.7% of the neighborhoods in Rhode Island and 59.6% of the neighborhoods in the U.S.

The average rental price in Providence College is currently $2,726, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.6% of the neighborhoods in Rhode Island.

Providence College is an urban neighborhood (based on population density) located in Providence, Rhode Island.

Providence College real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Providence College neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Providence College are 3.9%, which is lower than one will find in 73.9% of American neighborhoods. Demand for real estate in Providence College is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

NeighborhoodScout's analysis shows that the Providence College neighborhood has a greater concentration of residents currently enrolled in college than 98.8% of the neighborhoods in the U.S. With 35.4% of the population here attending college, this is very much a college-focused neighborhood.

In addition, providence College is ranked among the top 6.1% of neighborhoods for first-time home buyers to consider in the state of Rhode Island according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Providence College neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

Modes of Transportation

In the Providence College neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 11.3% of residents here. This is a higher proportion of walking commuters than we found in 95.6% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the Providence College neighborhood has more Dominican and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.3% of this neighborhood's residents have Dominican ancestry and 25.7% have Italian ancestry.

Providence College is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 99.0% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Providence College neighborhood in Providence are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.2% of the neighborhoods in America. With 47.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.9% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Providence College neighborhood, 43.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 22.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.4%), and 10.8% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Providence College neighborhood is English, spoken by 76.2% of households. Other important languages spoken here include Spanish, Polish, French and Italian.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Providence College neighborhood in Providence, RI, residents most commonly identify their ethnicity or ancestry as Italian (25.7%). There are also a number of people of Irish ancestry (24.1%), and residents who report Dominican roots (14.3%), and some of the residents are also of Asian ancestry (5.1%), along with some French ancestry residents (5.1%), among others. In addition, 12.5% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Providence College neighborhood spend between 15 and 30 minutes commuting one-way to work (42.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (57.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (11.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
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Economics & Demographics include:
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Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
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Schools include:
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