Buying a Home in Providence
Are you checking out the houses for sale in Providence, RI? The idea of moving to Providence is intriguing. That place possesses a distinctive charm that is irresistible to many.
At this point, you may not know much about the city of Providence yet. You may know that it is the capital of Rhode Island, but not much beyond that.
In this article, we will highlight why you should start seriously checking out the homes for sale in Providence, RI, sooner rather than later. We will discuss the many things that make the city special and get into its top neighborhoods. Find out if Providence is right for you by continuing with the rest of this article.
Providence, RI – A Hub for High-Quality Education, Big Business, and Exciting Arts
The city of Providence is a small town with all the trappings of a big city. That description often fits Providence to a tee.
Providence is a college town that hosts prestigious educational institutions. Young people flock to the city to attend Brown University, the Rhode Island School of Design, and Rhode Island College. The student population imbues Providence with the type of energy that turns it into a lively locale.
Many students who attend those educational establishments end up staying in the city to pursue career opportunities. In addition, Providence is especially known for having robust biomedicine and data analytics industries and a thriving arts community that has become a magnet for young artists looking to burst onto the scene.
Providence’s proximity to bodies of water, including Providence River and Narragansett Bay, has also led to a strong shipbuilding industry. Although other industries have overtaken the shipbuilding industry in Providence, it continues to be a prominent employer within the city.
The capital of Rhode Island is also unique because many of its residents regularly use public transportation. Private vehicles remain the preferred mode of transportation in the city, but plenty of people also get to where they need to go by simply hopping on the bus.
The Surprisingly Buyer-Friendly Housing Market of Providence, RI
After learning more about Providence, you may believe the houses there will be out of your price range. Instead of making that assumption, check out the houses for sale in Providence, RI. You will probably like what you see.
According to BestPlaces.net, the median home cost in Providence is $294,500. That number’s a bit higher than the median home cost for the rest of the country. However, it is significantly lower than the $375,800 mark for Rhode Island.
In other words, Providence is one of the more affordable places to live in Rhode Island from a housing perspective. You should find budget-friendly properties there, especially if you work with reputable buying agents.
Providence’s overall cost of living is relative to the rest of Rhode Island and the United States. If you thought living in Providence would be too expensive, you may be pleasantly surprised by the reality of the situation there.
Exploring the Neighborhoods of Providence, RI
While browsing the homes for sale in Providence, RI, it is always important to be mindful of the neighborhoods you are exploring. Your chosen neighborhood will affect your child’s schooling, your access to job opportunities, the cost of your home, and numerous other important matters.
Take the time to learn more about the neighborhoods of Providence, RI, to choose the best one for your family.
Per NeighborhoodScout, Blackstone is the most expensive neighborhood in Providence. The site notes that a real estate property’s median price is a bit over $1,000,000.
That may not come as a surprise when you go for a drive around the area. Blackstone has some truly gorgeous homes that feature old-world architectural styles. It is certainly a great neighborhood to live in if your finances allow you to do so.
If you are looking for a great deal on your new Rhode Island home, then you should check out the listings in Federal Hill. Right away, you will notice that many good homes are on the market there. Due to the high number of good homes available, you should snag a great deal. That is especially likely if you work with a good buying agent.
Federal Hill is also one of the most walkable neighborhoods in the city. You will like it there if you are not a big fan of driving.
Have you always wanted to live near the water? If so, you should check out the available homes in Fox Point.
Fox Point is home to many beautiful waterfront properties, and it is one of the most picturesque locales in all of Providence. You will undoubtedly enjoy your stay there if you go through with your plans to move.
The Notable Attractions of Providence, RI
Providence, RI has no shortage of remarkable attractions.
For starters, you need to check out the restaurants in the area. WalletHub has Providence in the top 50 best food cities in America, edging out other foodie destinations such as Nashville, Colorado Springs, and Dallas.
Folks more into history will enjoy the terrific museums in the area, including the Rhode Island School of Design Museum, the Herreshoff Marine Museum, and the Governor Henry Lippitt House Museum. Other historical sites inside Providence include Slater Mill, the Newport Mansions, and Pomham Rocks Lighthouse.
Sports fans will also enjoy living in Providence because of the city’s proximity to Gillette Stadium. Make the trip to Gillette Stadium during the fall and catch the NFL’s New England Patriots in action.
Browse the Houses for Sale in Providence, RI
Are you looking for a new home in Providence, RI? If so, we at RI Home Store can help with your search.
As the top performing agent for RE/MAX First Choice and a top 40 Rhode Island real estate agent on social media, per PropertySpark, we know that we can pair you with the property that suits you best. Do not hesitate to get in touch if you need a dependable buying agent in Providence!