Looking for affordable housing options in the Ocean State? According to data from the Zillow Home Value Index, Rhode Island offers several neighborhoods with home values significantly below the state average. You’ll find remarkable variation in pricing across different communities, with the least expensive areas concentrated primarily in Providence, Woonsocket, and Pawtucket.
What might surprise you is how dramatically these neighborhoods have grown in value since 2010. The average price increase among the 25 least expensive neighborhoods is a staggering 184%, with some areas seeing growth exceeding 300%. Even in just the last five years, these neighborhoods have experienced average value increases of 67%, making them potentially attractive investment opportunities despite their relative affordability.
The price range within these 25 neighborhoods runs from approximately $284,015 to $377,052, significantly below Rhode Island’s overall average home value of $581,052. As you explore these communities, you’ll notice Providence dominates the list with 14 neighborhoods, while Woonsocket contributes 6 neighborhoods and Pawtucket adds 4 to the ranking.
25. Mount Pleasant (Providence)
- 2025 Value: $377,052
- 2020 Value: $227,189
- 2015 Value: $141,044
- 2010 Value: $141,549
- % Change (2020-2025): 65.96%
- % Change (2015-2025): 167.33%
- % Change (2010-2025): 166.37%
Topping our list, Providence’s Mount Pleasant neighborhood sits in the western part of the city, home to Rhode Island College and several other educational institutions. Property values remained almost unchanged between 2010 and 2015 before accelerating significantly to reach $377,052 by 2025, representing a 166.37% increase over the 15-year period. The neighborhood has shown consistent growth since 2015, with a robust 65.96% increase in just the last five years.
24. East Woonsocket (Woonsocket)
- 2025 Value: $373,443
- 2020 Value: $223,349
- 2015 Value: $146,071
- 2010 Value: $164,932
- % Change (2020-2025): 67.20%
- % Change (2015-2025): 155.66%
- % Change (2010-2025): 126.42%
East Woonsocket presents a slightly more suburban character than the city’s downtown districts. After declining from $164,932 in 2010 to $146,071 in 2015, property values have since risen dramatically to reach $373,443 by 2025. This represents a 126.42% increase over the 15-year period, with particularly strong growth of 155.66% since the 2015 low point.
23. South Elmwood (Providence)
- 2025 Value: $373,175
- 2020 Value: $230,125
- 2015 Value: $135,306
- 2010 Value: $125,383
- % Change (2020-2025): 62.16%
- % Change (2015-2025): 175.80%
- % Change (2010-2025): 197.63%
Located in southern Providence near Roger Williams Park, South Elmwood stands out as one of the few neighborhoods that didn’t experience an early-decade decline. Property values have risen steadily from $125,383 in 2010 to $373,175 in 2025, representing a 197.63% increase over 15 years. The neighborhood has seen its strongest growth between 2015 and 2020, with a still-robust 62.16% increase in the last five years.
22. Fairlawn (Pawtucket)
- 2025 Value: $370,161
- 2020 Value: $218,268
- 2015 Value: $140,290
- 2010 Value: $155,861
- % Change (2020-2025): 69.59%
- % Change (2015-2025): 163.85%
- % Change (2010-2025): 137.49%
Situated in western Pawtucket bordering Providence, Fairlawn presents a primarily residential area with a strong sense of community. Following the regional pattern, property values declined from $155,861 in 2010 to $140,290 in 2015 before experiencing substantial growth to reach $370,161 by 2025. The neighborhood has shown consistent appreciation since 2015, with a particularly strong 69.59% increase in just the last five years.
21. Bernon District (Woonsocket)
- 2025 Value: $366,456
- 2020 Value: $220,465
- 2015 Value: $137,482
- 2010 Value: $151,610
- % Change (2020-2025): 66.22%
- % Change (2015-2025): 166.55%
- % Change (2010-2025): 141.71%
Bernon District carries forward the city’s pattern of early decline followed by strong recovery. Property values fell from $151,610 in 2010 to $137,482 in 2015 before rebounding significantly to reach $366,456 by 2025. This represents a 141.71% increase over the full period, with most growth occurring after 2015.
20. Charles (Providence)
- 2025 Value: $365,869
- 2020 Value: $217,068
- 2015 Value: $132,047
- 2010 Value: $134,675
- % Change (2020-2025): 68.55%
- % Change (2015-2025): 177.08%
- % Change (2010-2025): 171.67%
In northern Providence adjacent to North Providence, the Charles neighborhood offers a more residential atmosphere while still being part of Rhode Island’s capital city. After minimal change between 2010 and 2015, property values have accelerated significantly, increasing 171.67% over the 15-year period to reach $365,869 by 2025. The last five years have been particularly strong, with a 68.55% increase since 2020.
19. West End (Providence)
- 2025 Value: $364,885
- 2020 Value: $219,747
- 2015 Value: $119,659
- 2010 Value: $122,389
- % Change (2020-2025): 66.05%
- % Change (2015-2025): 204.94%
- % Change (2010-2025): 198.14%
Bordering Federal Hill in Providence, the West End neighborhood has undergone significant transformation over the past 15 years. After a slight dip between 2010 and 2015, property values have more than tripled to reach $364,885 by 2025. This represents a 198.14% increase since 2010, with particularly strong growth of 204.94% since the 2015 low point.
18. Woodlawn (Pawtucket)
- 2025 Value: $362,953
- 2020 Value: $221,746
- 2015 Value: $135,703
- 2010 Value: No data
- % Change (2020-2025): 63.68%
- % Change (2015-2025): 167.46%
- % Change (2010-2025): N/A
In eastern Pawtucket near the Massachusetts border, Woodlawn has shown substantial growth since data began being tracked for this neighborhood. From 2015 to 2025, property values have increased 167.46%, rising from $135,703 to $362,953. The neighborhood has maintained steady appreciation, with a 63.68% increase in just the last five years.
17. Washington Park (Providence)
- 2025 Value: $362,208
- 2020 Value: $210,229
- 2015 Value: $116,954
- 2010 Value: $102,612
- % Change (2020-2025): 72.29%
- % Change (2015-2025): 209.70%
- % Change (2010-2025): 252.99%
Situated in southern Providence along the city’s waterfront, Washington Park has experienced dramatic growth since 2010. With values increasing by 252.99% from $102,612 to $362,208, this neighborhood has been among the fastest appreciating areas in Rhode Island. Unlike many neighborhoods that saw early declines, Washington Park has demonstrated consistent growth throughout the period, with particularly strong performance in the last five years, showing a 72.29% increase since 2020.
16. Manton (Providence)
- 2025 Value: $361,014
- 2020 Value: $212,206
- 2015 Value: $123,959
- 2010 Value: $128,445
- % Change (2020-2025): 70.12%
- % Change (2015-2025): 191.24%
- % Change (2010-2025): 181.07%
Located in western Providence along the Woonasquatucket River, Manton offers a blend of residential and commercial spaces with a rich industrial history. After a slight decline between 2010 and 2015, property values have nearly tripled to reach $361,014 by 2025, representing an impressive 181.07% increase over the 15-year period. The neighborhood has shown particularly strong growth in recent years, with values rising 70.12% since 2020.
15. Globe District (Woonsocket)
- 2025 Value: $360,702
- 2020 Value: $215,490
- 2015 Value: $133,622
- 2010 Value: $146,888
- % Change (2020-2025): 67.39%
- % Change (2015-2025): 169.94%
- % Change (2010-2025): 145.56%
Globe District has followed the city’s overall pattern of decline in the early 2010s followed by substantial recovery. Property values dropped from $146,888 in 2010 to $133,622 in 2015 before rebounding strongly to reach $360,702 by 2025. The neighborhood has seen consistent growth since 2015, with a 67.39% increase in just the last five years.
14. Hartford (Providence)
- 2025 Value: $360,369
- 2020 Value: $213,304
- 2015 Value: $125,528
- 2010 Value: $128,379
- % Change (2020-2025): 68.95%
- % Change (2015-2025): 187.08%
- % Change (2010-2025): 180.71%
The Hartford neighborhood, located in northwestern Providence, has seen its fortunes rise substantially over the past 15 years. After a slight dip between 2010 and 2015, property values have nearly tripled since, reaching $360,369 in 2025—a 180.71% increase from 2010. The last five years have been particularly dynamic, with nearly 69% growth since 2020.
13. Quality Hill (Pawtucket)
- 2025 Value: $358,967
- 2020 Value: $210,189
- 2015 Value: $134,025
- 2010 Value: $147,396
- % Change (2020-2025): 70.78%
- % Change (2015-2025): 167.84%
- % Change (2010-2025): 143.54%
In Pawtucket’s historic district, Quality Hill represents one of the city’s most architecturally significant neighborhoods. After declining from $147,396 in 2010 to $134,025 in 2015, the area has staged an impressive comeback with values reaching $358,967 by 2025. The neighborhood has seen particularly strong growth in recent years, with a 70.78% increase just since 2020.
12. Silverlake (Providence)
- 2025 Value: $358,867
- 2020 Value: $212,178
- 2015 Value: $121,388
- 2010 Value: $110,723
- % Change (2020-2025): 69.13%
- % Change (2015-2025): 195.64%
- % Change (2010-2025): 224.11%
Situated in western Providence near Olneyville, the Silverlake neighborhood has experienced substantial growth since 2010. Starting at $110,723, property values have increased by 224.11% to reach $358,867 in 2025. The past five years have been particularly strong, with nearly 70% growth since 2020.
11. Lower South Providence (Providence)
- 2025 Value: $358,421
- 2020 Value: $204,809
- 2015 Value: $101,438
- 2010 Value: $89,168
- % Change (2020-2025): 75.00%
- % Change (2015-2025): 253.34%
- % Change (2010-2025): 301.96%
Bordering Providence’s waterfront areas, Lower South Providence holds the distinction of having the highest growth rate on our entire list. With an astonishing 301.96% increase since 2010, property values have quadrupled from just $89,168 to $358,421 in 2025. Unlike many neighborhoods that saw early decline, Lower South Providence has shown consistent growth throughout the period, accelerating dramatically after 2015.
10. Fairmount (Woonsocket)
- 2025 Value: $357,225
- 2020 Value: $212,662
- 2015 Value: $120,712
- 2010 Value: $133,741
- % Change (2020-2025): 67.98%
- % Change (2015-2025): 195.93%
- % Change (2010-2025): 167.10%
Woonsocket’s Fairmount neighborhood, the third entry from this northern Rhode Island city, follows the pattern of early-decade decline before dramatic recovery. After falling to $120,712 in 2015, property values have nearly tripled in ten years to reach $357,225 in 2025. The area has seen steady appreciation since 2015, with particularly strong growth of nearly 68% in just the last five years.
9. Wanskuck (Providence)
- 2025 Value: $356,473
- 2020 Value: $202,556
- 2015 Value: $118,347
- 2010 Value: $126,004
- % Change (2020-2025): 75.99%
- % Change (2015-2025): 201.21%
- % Change (2010-2025): 182.91%
In Providence’s northern section, Wanskuck tells a familiar story of initial decline followed by rapid appreciation. After dropping from $126,004 in 2010 to $118,347 in 2015, property values have surged by more than 200% in the decade since, reaching $356,473 by 2025. The neighborhood has seen particularly strong growth in the last five years, with a 75.99% increase since 2020.
8. Reservoir (Providence)
- 2025 Value: $354,262
- 2020 Value: $212,143
- 2015 Value: $121,283
- 2010 Value: $112,245
- % Change (2020-2025): 66.99%
- % Change (2015-2025): 192.09%
- % Change (2010-2025): 215.61%
Adjacent to the North Burial Ground and bordering the Wanskuck neighborhood in Providence, Reservoir has experienced robust growth over the 15-year period. With values increasing by 215.61% since 2010, this neighborhood has risen from $112,245 to $354,262.
7. Harrisville (Burrillville)
- 2025 Value: $353,565
- 2020 Value: $226,991
- 2015 Value: $158,847
- 2010 Value: $174,197
- % Change (2020-2025): 55.76%
- % Change (2015-2025): 122.58%
- % Change (2010-2025): 102.97%
The only non-urban area to make our list, Harrisville in Burrillville offers a taste of Rhode Island’s more rural character. Located in Providence County’s northwest corner, this village has seen the lowest overall growth rate on our list at 102.97% since 2010, though this still represents values more than doubling. Starting from a higher base of $174,197 in 2010, Harrisville experienced a dip in the early 2010s before recovering to reach $353,565 by 2025.
6. Olneyville (Providence)
- 2025 Value: $352,737
- 2020 Value: $206,117
- 2015 Value: $102,718
- 2010 Value: $111,918
- % Change (2020-2025): 71.13%
- % Change (2015-2025): 243.40%
- % Change (2010-2025): 215.18%
Western Providence’s Olneyville neighborhood presents another compelling story of urban renaissance. Like Downtown Woonsocket, Olneyville experienced a slight decline between 2010 and 2015 before staging a dramatic comeback. Since 2015, home values have more than tripled, rising 243.40% to reach $352,737 in 2025. The neighborhood has particularly accelerated in recent years, with a 71.13% increase since 2020 alone.
5. Smith Hill (Providence)
- 2025 Value: $349,310
- 2020 Value: $232,754
- 2015 Value: $101,201
- 2010 Value: $90,536
- % Change (2020-2025): 50.08%
- % Change (2015-2025): 245.16%
- % Change (2010-2025): 285.82%
Situated near the Rhode Island State House in Providence, Smith Hill has undergone a remarkable transformation since 2010. This centrally located neighborhood has seen values skyrocket by an astounding 285.82% over the 15-year period, one of the highest growth rates on our list. From a modest $90,536 in 2010 to $349,310 in 2025, Smith Hill exemplifies the dramatic revitalization occurring in Providence’s urban core.
4. Downtown (Pawtucket)
- 2025 Value: $340,621
- 2020 Value: $221,905
- 2015 Value: No data
- 2010 Value: No data
- % Change (2020-2025): 53.50%
- % Change (2015-2025): N/A
- % Change (2010-2025): N/A
Located in the heart of Pawtucket in Providence County, Downtown represents another urban core area offering substantial value. Though historical data before 2020 isn’t available, the neighborhood has shown impressive growth of 53.5% in just five years, with values rising from $221,905 to $340,621.
3. Valley (Providence)
- 2025 Value: $340,378
- 2020 Value: $228,205
- 2015 Value: $149,532
- 2010 Value: $146,180
- % Change (2020-2025): 49.15%
- % Change (2015-2025): 127.63%
- % Change (2010-2025): 132.85%
Tucked away in Providence County, the Valley neighborhood represents the city’s first appearance on this list. Unlike some other areas, Valley has shown more steady and consistent growth, with values increasing from $146,180 in 2010 to $340,378 in 2025. The neighborhood has experienced its most significant growth between 2015 and 2020, with a more moderate 49% increase over the last five years.
2. Social District (Woonsocket)
- 2025 Value: $295,885
- 2020 Value: $157,938
- 2015 Value: $88,222
- 2010 Value: $87,104
- % Change (2020-2025): 87.34%
- % Change (2015-2025): 235.39%
- % Change (2010-2025): 239.69%
Just minutes from Downtown Woonsocket, the Social District has experienced one of the most dramatic transformations on our list. Starting from an incredibly low base value of just $87,104 in 2010, this neighborhood has seen property values nearly triple over the 15-year period. The area has maintained consistent growth momentum, with values rising 235% since 2015 and an impressive 87% just in the last five years. Despite this substantial appreciation, at $295,885, Social District still offers homes at nearly half the Rhode Island average, making it an intriguing prospect for budget-conscious buyers.
1. Downtown (Woonsocket)
- 2025 Value: $284,015
- 2020 Value: $159,473
- 2015 Value: $101,603
- 2010 Value: $123,962
- % Change (2020-2025): 78.10%
- % Change (2015-2025): 179.53%
- % Change (2010-2025): 129.11%
Nestled in the heart of Woonsocket in Providence County, Downtown offers the most affordable housing in Rhode Island. This historic area has weathered significant market fluctuations, actually decreasing in value between 2010 and 2015 before experiencing a remarkable comeback. Since 2015, property values have soared nearly 180%, with particularly strong growth of 78% in the last five years alone. At $284,015, Downtown Woonsocket presents an accessible entry point to Rhode Island’s housing market while still showing strong appreciation potential.
