Market Overview
Home Prices in Providence, NC
The median home value in Providence, NC is $216,712 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Providence are priced47% below average.
Over the past five years, Providence home values have risen by approximately22.1%, reflecting strong long-term appreciation in this market.
Price History
Providence Home Price Trend
2020
$141,673
$142K
—
2021
$177,437
$177K
+25.2%
2022
$190,533
$191K
+7.4%
2023
$200,974
$201K
+5.5%
2024
$215,269
$215K
+7.1%
2025
$210,735
$211K
-2.1%
2026
$216,712
$217K
+2.8%
City Comparison
Providence vs. National Median
🏠 Providence
$216,712
National Median
$410,000
At $216,712, homes in Providence cost 47% below the national median of $410,000. This makes Providence a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Providence?
20% Down Payment
$43,342
on $216,712
Monthly P&I
$1,130/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,435/mo
incl. taxes & insurance
Income Needed
$57,400
gross annual (30% rule)
10% Down Option
$21,671
+ PMI applies
Loan Amount (20% dn)
$173,370
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Providence, NC?
The median home value in Providence is $216,712 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Providence?
Over the past year, home values in Providence have increased by 2.8%. Over five years, prices have risen approximately 22.1%.
How much do I need to earn to buy a home in Providence?
To comfortably afford the median home price of $216,712 with a 20% down payment ($43,342) at today's rates (6.8%), you'd need a gross annual income of approximately $57,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Providence compare to the national average home price?
The national median home value is approximately $410,000. At $216,712, homes in Providence are 47% below the national average.