HousingHandbookReference data

U.S. ZIP Code · RI02906

Providence County · Providence-Warwick, RI-MA

Typical home value

$805,025[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.8%
5-year / yr
+8.3%
10-year / yr
+7.4%

Relative price

vs U.S.
+183.4%
vs metro
+55.0%
vs state
+57.1%
ZIP 02906 location in RI
Location of ZIP 02906 in RI

Price history

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

The typical home in 02906 is worth $805,025 — 55.0% above the Providence-Warwick, RI-MA median. Over the past year, values have risen 5.8%. Homes here rent for a typical $2,362 a month — a 3.5% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent
$2,362[2]
Gross yield
3.5%[2]
Cap rate
2.1%[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$8,988[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
26,380[3]
Median household income
$103,050[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
3
Elementary
1
Middle
1
High
1
  • Hope High School

    High · Grades 9–12 · Providence

    819 students

  • Nathan Bishop Middle

    Middle · Grades 6–8 · Providence

    669 students

  • Martin Luther King El. School

    Elementary · Grades PK–5 · Providence

    399 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.

Gross yield3.5%
Net yield (after ~40% expenses)2.1%
Annual rent$28,341

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.

Monthly payment$4,071
Loan principal$644,020
Down payment$161,005
Total interest paid$821,412

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.

Own : rent ratio2.33
Monthly cost to own$5,493
Monthly rent$2,362

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
96th percentile[1]
Rental yield
0th percentile[2]
Property tax
52nd percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 02906?
The typical home in 02906 is worth $805,025, based on the Zillow Home Value Index.
Are home values rising in 02906?
Home values in 02906 are up 5.8% over the past year, and up 8.3% a year over five years.
What is the typical rent in 02906?
A typical home in 02906 rents for about $2,362 a month, a gross rental yield of 3.5%.
What is the property tax rate in 02906?
The effective property tax rate in 02906 is 1.1% — roughly $8,988 a year on a typical home.
Who lives in 02906?
ZIP code 02906 has a population of 26,380 and a median household income of $103,050.

#Comparable ZIPs

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

  • RI

    Typical home
    $796,518
    Gross yield
  • MA

    Typical home
    $760,460
    Gross yield
  • Newport East CDP, RI

    Typical home
    $758,022
    Gross yield
    4.9%
  • Narragansett Pier CDP, RI

    Typical home
    $862,785
    Gross yield
  • RI

    Typical home
    $885,190
    Gross yield
  • Wakefield-Peace Dale CDP, RI

    Typical home
    $724,465
    Gross yield
    4.5%

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