Is North Providence, RI a good place to invest in rental property?

North Providence, RI has a median modeled monthly cash flow of $-917 and a median cap rate of 3.6%, on a median sold price of $423,838. Prices changed +1.2% year over year.

What is the average cap rate in North Providence, RI?

The median cap rate across recently sold homes in North Providence, RI is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in North Providence, RI?

The median sold price in North Providence, RI is $423,838 (about $251 per square foot).

Investing in North Providence, RI Real Estate

A data-driven snapshot of the North Providence, RI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$423,838Median sold price

$251Median $/sqft

3.6%Median cap rate

$-917Modeled cash flow / mo

+1.2%Appreciation YoY

7.3Months of supply

242Active listings

400Sold (last 12 mo)

What the North Providence numbers say

In North Providence, RI, the median home sold for $423,838 (about $251 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-917 of monthly cash flow. Sold prices moved +1.2% over the past year. Inventory sits at about 7.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Rhode Island markets to compare

See North Providence cash-flowing listings

CashFlowRE ranks every for-sale home in North Providence, RI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen North Providence deals, or browse the national market data.