02859 — Providence County, Rhode Island Market Snapshot
Housing market data for zip code 02859 in Providence County, Rhode Island. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$427,450
Days to Sell
9
Homes Sold
10
Inventory
8
Sale-to-List
100.9%
New Listings
23
Price/SqFt
$279
Pending Sales
21
Conforming Loan Available
Most homebuyers in 02859 can comfortably use conventional financing. The median home price of $427,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
02859 is an extremely competitive market with homes selling in just 9 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 02859 (100.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 02859 can comfortably use conventional financing. The median home price of $427,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 02859 are set at the county level.
2026 Loan Limits — Providence County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $787,750 |
| 2 Units | $1,066,250 | $1,008,450 |
| 3 Units | $1,288,800 | $1,219,000 |
| 4 Units | $1,601,750 | $1,514,950 |
Affordability Snapshot — Zip 02859
To purchase the median home at $427,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,425.
Monthly Payment
$3,425
Income Required
$146,785
Principal & Interest
$2,634/mo
Down Payment (5%)
$21,373
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 02859.
Estimated Monthly Payment
$2,795
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