Interested in purchasing investment houses in the 02907 zip code in Providence, RI?
The zip code 02907 is in Providence county with a latitude of -71.425510000000 and longitude of 41.798260000000, is in the state of Rhode Island. The average asking price of houses and condos is $118,642.00 and the average sale price was $99,796.00. this regions is classified as the Providence metro area and is in the 401 area code. The location in degrees is 41° 47' 53.736" N, 71° 25' 31.836" W. The county F.I.P.S. is 44007. This zip code contains two cities including Providence, RI (97.52%), and Cranston, RI (2.48%) The total land area is 2.2 square miles and the water area is 0.1 square miles. The elevation in this area is 46 - 46 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 02907 is in county number 007 and is L. Sector 02, L. Segment 00, H. Sector 20, and H. Segment 20. The population was 31,635 in 2019 and 27,445 in 2010. This further breaks down to 15,676 males (49.6%) and 15,959 females (50.4%). The median age of residents is 30.6 years. The population of the greater Providence-New Bedford-Fall River, RI-MA area is 1,610,368. The population density (people per square mile) is 14,372. This zip code has a combined total of 10,810 houses and condos. There are 6,722 rented appartments. 71% of residents rent versus the 71% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $24,537 and the average salary is $23,655. The median household income of individuals is $27,573.00 and the average is $30,950.00. This zip code has a mean commute time to work of 23.4 minutes. The unemployment rate is 7.4%. Income earners by percent breakdown as 72.60% (Under $50,000), 20.20% ($50,000-$100,000), and 7.20% earn over $100,000. 26.0% of residents live below poverty line versus the 10.8% in the state that are below this line. The cost of living index is 92.7. The educational breakdown is 71.7% have a high school education or higher, 13.8% have a bachelor's degree or higher, and 3.9% have some kind of profesional degree.
This area has 8,770 households and the average size is 3.3 people. Individuals who are single and have never been married are 51.3%, 33.5% are now married, 4.0% are separated, 3.1% are widowed, and 8.1% are divorced. The average yearly contribution amount given by people to charity was $2,220 versus the state average of $2,961. The percent of residents who gave to charity was 7.6%.
The estimated median value of houses and condos is $199,366. The median monthly owner costs of mortgage holders was $1,612, where as the costs for those who don't have a mortgage are $726. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 4.6.
The real estate tax percent rate is 1.6% which equated to an average real estate tax amount payment of $3,207. In comparision, the average real estate tax percent rate in the state is 1.5% which equated to an average real estate tax amount payment in the state of $4,339. The median housing property tax percent for residents with mortgages was 1.8% which amounted to an average tax amount of $3,289. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.4% which amounted to an average tax amount of $2,979. Reported taxable interest for persons was $456, dividends $2,116, capital gains +$3,450, and itemized deductions $16,082. The average earned income tax credit is $2,682. The percent of individuals that use a tax preparer is 71.6%. The total average income taxes paid by individuals was $4,947. Businesses reported an average profit of $9,817.
Stadium Fish & Chip
1079 Park Ave, Cranston, RI 02910 (1.6 miles away)
XO Cafe
125 N Main St, Providence, RI 02903 (1.7 miles away)
Basta Italian Restaurant
2195 Broad St, Cranston, RI 02905 (1.8 miles away)
Julian's
318 Broadway, Providence, RI 02909 (1.9 miles away)
Ocean Pride
270 Atwood Ave, Cranston, RI 02920 (2.7 miles away)
Capitol Hill Diner
353 Smith St, Providence, RI 02908 (2.9 miles away)
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