1031 Exchange North Providence, Rhode Island


Rent, population, and median household income are important factors to consider for a 1031 exchange in North Providence due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

North Providence, Rhode Island is a part of the Providence Submarket submarket area, and contains zip code 2911.

North Providence Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the North Providence, RI submarket area was $1,667, which is 11.06% lower than 2014 average rent. This represents a compounded annual growth rate of 2.12%. 2019 vacancy in North Providence, RI was 4.20%.

The total population of the city of North Providence, RI has grown 1.50% since 2010. As of 2018, the population was 32,559. The median household income of the North Providence was $53,863, which is 10.66% lower than the national average.

  • submarket area Providence Submarket
  • avg rent $1,667
  • rent growth 11.06%
  • vacancy 4.20%
  • median income $53,863
  • population (2018) 32,559
  • population growth 1.50%
  • vs. nat'l avg 10.66%
  • zip code 2911

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