How much is a home worth in ZIP code 02905?

The typical home in 02905 is worth $420,785, based on the Zillow Home Value Index.

Are home values rising in 02905?

Home values in 02905 are up 1.9% over the past year, and up 7.5% a year over five years.

What is the typical rent in 02905?

A typical home in 02905 rents for about $1,865 a month, a gross rental yield of 5.3%.

What is the property tax rate in 02905?

The effective property tax rate in 02905 is 0.9% — roughly $3,819 a year on a typical home.

ZIP code 02905 has a population of 25,012 and a median household income of $62,908.

HousingHandbookReference data

…

U.S. ZIP Code · RI02905

Providence County · Providence-Warwick, RI-MA

Typical home value

$420,785^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.9%
5-year / yr: +7.5%
10-year / yr: +8.8%

Relative price

vs U.S.: +48.1%
vs metro: -19.0%
vs state: -17.9%

Price history

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

The typical home in 02905 is worth $420,785 — 19.0% below the Providence-Warwick, RI-MA median. Over the past year, values have risen 1.9%. Homes here rent for a typical $1,865 a month — a 5.3% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $1,865^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,819^[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: 25,012^[3]
Median household income: $62,908^[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: 12
Elementary: 8
Middle: 1
High: 3

Metropolitan Career Tech Ctr
High · Grades 9–12 · MET Career and Tech
791 students
Roger Williams Middle
Middle · Grades 6–8 · Providence
651 students
Cornel Young & Charlotte Woods
Elementary · Grades PK–5 · Providence
607 students
Robert L. Bailey IV
Elementary · Grades K–5 · Providence
440 students
Mary E. Fogarty El. School
Elementary · Grades K–5 · Providence
403 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 yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$22,376

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$2,128

Loan principal$336,628

Down payment$84,157

Total interest paid$429,350

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 ratio1.50

Monthly cost to own$2,797

Monthly rent$1,865

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: 79th percentile^[1]
Rental yield: 57th percentile^[2]
Property tax: 15th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 02905?: The typical home in 02905 is worth $420,785, based on the Zillow Home Value Index.
Are home values rising in 02905?: Home values in 02905 are up 1.9% over the past year, and up 7.5% a year over five years.
What is the typical rent in 02905?: A typical home in 02905 rents for about $1,865 a month, a gross rental yield of 5.3%.
What is the property tax rate in 02905?: The effective property tax rate in 02905 is 0.9% — roughly $3,819 a year on a typical home.
Who lives in 02905?: ZIP code 02905 has a population of 25,012 and a median household income of $62,908.

#Comparable ZIPs

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

02886 vs 02905 →
Warwick, RI
Typical home
$421,996
Gross yield
6.7%
02911 vs 02905 →
Providence, RI
Typical home
$418,322
Gross yield
5.3%
02740
New Bedford, MA
Typical home
$424,442
Gross yield
5.7%
02914
East Providence, RI
Typical home
$425,924
Gross yield
—
02908
Providence, RI
Typical home
$414,853
Gross yield
6.5%
02889
Warwick, RI
Typical home
$411,505
Gross yield
7.1%

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#Jump to section

U.S. ZIP Code · RI02905

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