02906 — Providence County, Rhode Island Market Snapshot
Housing market data for zip code 02906 in Providence County, Rhode Island. Updated monthly with median prices, days on market, and more.
Market Sales Data
37 sales in 2026 (year to date)
Median Sale Price
$1,245,000
Days to Sell
31
Homes Sold
37
Inventory
19
Sale-to-List
99.4%
New Listings
60
Price/SqFt
$441
Pending Sales
44
Jumbo Loan Likely Needed
The median home in 02906 at $1,245,000 exceeds the 2026 conforming loan limit of $832,750 by $412,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
02906's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 02906 (99.4% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 02906 at $1,245,000 exceeds the 2026 conforming loan limit of $832,750 by $412,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 02906 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 02906
To purchase the median home at $1,245,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $9,689.
Monthly Payment
$9,689
Income Required
$415,234
Principal & Interest
$7,671/mo
Down Payment (5%)
$62,250
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 02906.
Estimated Monthly Payment
$7,855
Jumbo loan required. Loan amount exceeds the $832,750 conforming limit for 02906.
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 02906. Tell us what you're looking for.