3-digit ZIP regional index
Home appreciation in ZIP codes 029xxProvidence, RI area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 029 changed +4.2% over the year to Q2 2026, compared with +5.0% for Rhode Island and +3.0% for the United States.
The region covers ZIP codes 02903–02921. Most of its 2010 population lived in Providence County (100%). Communities in the region include Cranston, East Providence, Greenville. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.2%
- 5-year change
- +57.2%
- Since Q1 1995
- +351%
- National rank (1 year)
- 355th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 029 vs Rhode Island and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 029: 451.4
- Rhode Island: 455.9
- Providence-Warwick, RI-MA metro: 452.6
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 029 | RI | U.S. | Gap vs RI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.2% | +5.0% | +3.0% | −0.8 pts | +1.2 pts |
| 3 years | +24.8% | +22.1% | +12.9% | +2.8 pts | +12.0 pts |
| 5 years | +57.2% | +55.6% | +41.3% | +1.6 pts | +15.9 pts |
| 10 years | +129% | +120% | +93.3% | +9.1 pts | +35.8 pts |
| Since Q1 1995 | +351% | +356% | +292% | −4.6 pts | +59.8 pts |
If you bought in ZIP3 029 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +345% | $1,334,624 |
| Q2 2000 | +273% | $1,118,729 |
| Q2 2005 | +86.4% | $559,203 |
| Q2 2010 | +135% | $703,690 |
| Q2 2015 | +139% | $716,271 |
| Q2 2020 | +79.9% | $539,744 |
| Q2 2021 | +57.2% | $471,602 |
| Q2 2023 | +24.8% | $374,529 |
| Q2 2025 | +4.2% | $312,735 |
How ZIP3 029 ranks
Over the past year ZIP3 029 ranks 355th of 882 3-digit ZIP regions nationally and 2nd of 2 in Rhode Island. Its one-year change is +1.2 pts versus the nation and −0.8 pts versus Rhode Island. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Rhode Island |
|---|---|---|
| 1 year | 355th of 882 | 2nd of 2 |
| 3 years | 44th of 882 | 1st of 2 |
| 5 years | 80th of 882 | 1st of 2 |
| 10 years | 42nd of 882 | 1st of 2 |
| Since Q1 1995 | 167th of 879 | 2nd of 2 |
Boom, bust, and recovery in ZIP3 029
ZIP3 029's index peaked in Q2 2006, fell 32.4% to its low in Q2 2013, and regained its peak in Q4 2020, about 14.5 years after the top. Today it sits +76.2% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 029 | Q2 2006 | Q2 2013 | -32.4% | Q4 2020 (14.5 yrs) | +76.2% |
| RI | Q2 2006 | Q4 2013 | -27.6% | Q3 2020 (14.2 yrs) | +77.8% |
| Metro | Q1 2006 | Q2 2012 | -26.0% | Q1 2020 (14 yrs) | +75.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 029's index has changed +104% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 029 after inflation | RI after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.4% | +1.1% | +0.8% | -0.8% |
| 3 years | +9.8% | +13.7% | +11.2% | +10.2% | +2.8% |
| 5 years | +24.0% | +26.7% | +25.4% | +22.5% | +13.9% |
| 10 years | +39.1% | +64.7% | +58.2% | +52.3% | +39.0% |
| Since Q1 1995 | +121% | +104% | +106% | +104% | +76.8% |
Estimate appreciation for a home in ZIP3 029
Regional estimate
$687,296
- Estimated gain
- $387,296
- Index change
- +129%
- Start index
- 197.02
- End index
- 451.37
ZIP3 029 (Providence, RI area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 028 · Warwick, RI area | RI | +5.4% | +54.9% | +357% |
| 027 · New Bedford, MA area | MA | +4.1% | +45.1% | +348% |
| 020 · Franklin Town, MA area | MA | +3.1% | +41.1% | +356% |
| 023 · Brockton, MA area | MA | +3.6% | +42.3% | +387% |
| 015 · Southbridge Town, MA area | MA | +2.2% | +42.3% | +306% |
| 017 · Marlborough, MA area | MA | +2.0% | +40.7% | +325% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 451.37 |
| Q1 2026 | 439.58 |
| Q4 2025 | 435.33 |
| Q3 2025 | 433.35 |
| Q2 2025 | 432.99 |
| Q1 2025 | 419.92 |
| Q4 2024 | 417.51 |
| Q3 2024 | 412.91 |
| Q2 2024 | 404.70 |
| Q1 2024 | 393.11 |
| Q4 2023 | 382.52 |
| Q3 2023 | 384.31 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 029?
- Based on FHFA HPI® data for 3-digit ZIP region 029, the regional index changed +4.2% over the year to Q2 2026, +57.2% over five years, +129% over ten years, and +351% since Q1 1995.
- Is ZIP3 029 appreciating faster than Rhode Island and the U.S.?
- Over the past year the region's index +4.2% compares with +5.0% for Rhode Island and +3.0% for the U.S., a gap of +1.2 pts versus the nation. Over five years the gap versus the nation is +15.9 pts.
- Which ZIP codes are in 3-digit ZIP region 029?
- All ZIP codes that begin with 029. Census 2010 ZIP Code Tabulation Areas in this region run from 02903 to 02921 (17 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.