02907, Providence, RI

The 2907 zip code of Providence, Rhode Island has a median home value of $213,000 and a median home equity value of $146,000. This is significantly higher than the national median home value of $157,500 and the national median home equity value of $142,700. The 2907 zip code also has a significantly higher percentage of homes with a mortgage than the national average: 73% vs. 61%.

One potential explanation for these high values is that the 2907 zip code is located in one of the most affluent neighborhoods in Providence. In addition to having a high median home value, this zip code also has a high percentage of owner-occupied homes (79%), which may contribute to its high home equity values. Additionally, Providence residents have been able to borrow money relatively easily due to its strong economy over the past few years. This may be contributing to the increase in homeownership and home equity values in this area.