02908, Providence, RI

The 2908 zip code of Providence, Rhode Island is home to a high concentration of college students and young professionals. The median household income in this zip code is $50,000, which is considerably higher than the statewide median household income of $41,000. This high income level has led to a high demand for housing in this area, which has resulted in an increase in home equity and home prices.

According to Zillow’s 2018 Home Value Report, the median home value in the 2908 zip code of Providence was $269,500. This represents an increase of 9% from 2017 and a 22% increase from 2016. The average home value in this zip code is significantly higher than the statewide average home value of $175,000. In addition, Zillow’s report indicates that the 2908 zip code has one of the highest concentrations of homes with values over $300,000.

The demand for housing in the 2908 zip code has led to an increase in home equity and home prices. According to Zillow’s 2018 Home Value Report, the medianhome equityin thiszipcode was$181,500 asofQ32018whichrepresentsanincreaseof11%from2017andanextensionof22%from2016. AdditionallyaccordingtoZillow’sreportoftheyear2018the2908zipcodehasoneofthehighestconcentrationsofhomeswithvaluesover$300000inthenation. Thesehighvalueshaveresultedinthesuccessfulrealizationofthesetargetsofmanyhomebuyersinthewestsideof Providence:acomfortableincomeandaccesstothecitycenterwithouthavingtohaveahighdebtloadontheirhouseorborrowingsomefinancingfromfamilyandfriends.