What is the rental vacancy rate in Providence, RI?
The rental vacancy rate in Providence, RI is 6.1% (±0.9 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.1% (±0.5 points).
7,926 (±739) homes, 10.0% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Providence, the rental vacancy rate went from 7.6% in 2015–2019 to 6.1% in 2020–2024 (−1.5 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 6.1% (±0.9 points)
- Homeowner vacancy rate
- 1.1% (±0.5 points)
- Vacant homes
- 7,926 (±739)
Vacancy in Providence against Providence County, its state and the nation
| Providence | Providence County | Rhode Island | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 6.1% (±0.9 points) | 4.0% (±0.6 points) | 4.2% (±0.5 points) | 5.5% |
| Homeowner vacancy rate | 1.1% (±0.5 points) | 0.6% (±0.2 points) | 0.6% (±0.1 points) | 0.9% |
| Vacant housing units | 7,926 (±739) | 18,530 (±1,316) | 44,362 (±1,932) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Providence, the rental vacancy rate is higher than in Providence County (4.0%).
It is also higher than in Rhode Island (4.2%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near Providence
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Providence | — | 6.1% (±0.9 points) | — |
| North Providence | 3.3 mi | 2.4% (±2.7 points) | Lower |
| East Providence | 3.4 mi | 1.4% (±1.3 points) | Lower |
| Pawtucket | 4.3 mi | 2.1% (±0.7 points) | Lower |
| Central Falls | 4.8 mi | 2.3% (±1.8 points) | Lower |
| Cranston | 5.0 mi | 1.2% (±0.8 points) | Lower |
| Johnston | 5.2 mi | 4.0% (±3.8 points) | Not measurably different |
| Seekonk | 5.3 mi | 0.0% (±5.0 points) | Lower |
| North Seekonk | 6.2 mi | 0.0% (±31.6 points) | Not measurably different |
Nearby places with a measurably lower figure: North Providence, RI (2.4%), East Providence, RI (1.4%), Pawtucket, RI (2.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Providence County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Glocester | 15.7% (±22.6 points) |
| 2 | Providence | 6.1% (±0.9 points) |
| 3 | Woonsocket | 5.9% (±2.0 points) |
| 4 | Smithfield | 5.2% (±6.2 points) |
| 5 | Cumberland | 4.3% (±4.1 points) |
| 6 | Johnston | 4.0% (±3.8 points) |
| 7 | North Providence | 2.4% (±2.7 points) |
| 8 | Central Falls | 2.3% (±1.8 points) |
Showing 8 of 16 places in Providence County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Providence
Is it hard to find a rental in Providence?
The rental vacancy rate in Providence, RI is 6.1% (±0.9 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Providence tighter than it was?
In Providence, the rental vacancy rate went from 7.6% in 2015–2019 to 6.1% in 2020–2024 (−1.5 percentage points), a measurable decrease.
How many homes are vacant in Providence?
An estimated 7,926 (±739) housing units, 10.0% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Providence city, Rhode Island
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Providence city, Rhode Island
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Providence city, Rhode Island (place:59000, in state:44).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Providence at a glance
- Median rent in Providence
- Rent by bedrooms in Providence
- Rent burden in Providence
- Renters and owners in Providence
- Income and affordability in Providence
- Home values in Providence
- Homeowner costs in Providence
- Property taxes in Providence
- Types of homes in Providence
- Bedrooms in Providence
- Age of homes in Providence
- Heating fuel in Providence
- Commute and cars in Providence
- Crime reported to police in Providence
- Population growth in Providence
- How long people stay in Providence
- Crowding and facilities in Providence
- Rhode Island landlord and tenant rules
- Housing across Providence County
- Rhode Island places ranked by rental vacancy rate
- Housing data for every place in Rhode Island