Providence, the capital city of Rhode Island, is the most largely populated city in the state, containing a population of only about 175,600 people. The metropolitan area surrounding the city is home to over one million individuals. The city is located on the Providence River and Narragansett Bay, which create beautiful aquatic scenery surrounding the city.
In addition, Providence maintains a great deal of historical significance, as it was one of the original cities created within the United States. There are many historic buildings located within the city, which provides the city with beautiful architecture. All of these attractive features cause many individuals to consider Providence homes for sale. The homes for sale within the city range a great deal in terms of price.
The average cost of Providence homes for sale is about $140,200. However, the average asking price is roughly $300,000. Both of these numbers vary significantly based upon the area of Providence that an individual is seeking property. For example, in some areas of the city, an individual can locate a large, attractive home for under $300,000. However in other neighborhoods, such as College Hill, the average asking price jumps to about $680,000.
In Blackstone, homes are listed for close to one million dollars. Many of the affordable Providence homes for sale are multi-family homes. If an individual is restricted to a tight budget, he/she may want to consider a multi-family home, as this will provide him/her with affordable housing within the city.
