How much is a home worth in ZIP code 02903?

The typical home in 02903 is worth $441,098, based on the Zillow Home Value Index.

Are home values rising in 02903?

Home values in 02903 are down 0.3% over the past year, and up 4.8% a year over five years.

What is the typical rent in 02903?

A typical home in 02903 rents for about $2,347 a month, a gross rental yield of 6.4%.

What is the property tax rate in 02903?

The effective property tax rate in 02903 is 1.2% — roughly $5,492 a year on a typical home.

ZIP code 02903 has a population of 11,836 and a median household income of $64,476.

HousingHandbookReference data

…

U.S. ZIP Code · RI02903

Providence County · Providence-Warwick, RI-MA

Typical home value

$441,098^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.3%
5-year / yr: +4.8%
10-year / yr: +4.5%

Relative price

vs U.S.: +55.3%
vs metro: -15.1%
vs state: -13.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 02903 is worth $441,098 — 15.1% below the Providence-Warwick, RI-MA median. Over the past year, values have fallen 0.3%. Homes here rent for a typical $2,347 a month — a 6.4% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,347^[2]
Gross yield: 6.4%^[2]
Cap rate: 3.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.2%^[3]
Typical annual tax: $5,492^[3]

#Climate risk

FEMA National Risk Index ratings for Providence County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 11,836^[3]
Median household income: $64,476^[3]

#Migration

Household moves in and out of Providence County over a year, from IRS tax-return data.

Net migration: -138^[5]
Moved in: 14,188
Moved out: 14,326

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 11
Elementary: 1
Middle: 1
High: 9

Classical High School
High · Grades 9–12 · Providence
1,119 students
Central High School
High · Grades 9–12 · Providence
1,019 students
Providence Career Technical
High · Grades 9–12 · Providence
711 students
RINI Middle College
High · Grades 9–12 · Rhode Island Nurses Institute Middle College
428 students
Vartan Gregorian El. School
Elementary · Grades PK–5 · Providence
311 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.4%

Net yield (after ~40% expenses)3.8%

Annual rent$28,164

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,230

Loan principal$352,878

Down payment$88,220

Total interest paid$450,077

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.30

Monthly cost to own$3,057

Monthly rent$2,347

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 0th percentile^[1]
Rental yield: 90th percentile^[2]
Property tax: 76th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

5th for highest rental yield in RIView list →

Frequently asked

How much is a home worth in ZIP code 02903?: The typical home in 02903 is worth $441,098, based on the Zillow Home Value Index.
Are home values rising in 02903?: Home values in 02903 are down 0.3% over the past year, and up 4.8% a year over five years.
What is the typical rent in 02903?: A typical home in 02903 rents for about $2,347 a month, a gross rental yield of 6.4%.
What is the property tax rate in 02903?: The effective property tax rate in 02903 is 1.2% — roughly $5,492 a year on a typical home.
Who lives in 02903?: ZIP code 02903 has a population of 11,836 and a median household income of $64,476.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

02808 vs 02903 →
Bradford CDP, RI
Typical home
$440,883
Gross yield
—
02723 vs 02903 →
Fall River, MA
Typical home
$440,706
Gross yield
4.8%
02915
East Providence, RI
Typical home
$442,815
Gross yield
5.2%
02724
Fall River, MA
Typical home
$438,327
Gross yield
5.3%
02838
RI
Typical home
$447,106
Gross yield
—
02721
Fall River, MA
Typical home
$447,383
Gross yield
4.7%

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Pit ZIP 02903 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · RI02903

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