East Providence, RI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the East Providence short-term rental market based on reliable data.

Listings

22 / 55

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$26,096

Middle-Earners Revenue

Occupancy

77%

Middle-Earners Occupancy

Home Value

$447,981

Median Home Sale Price

Top Earners

$41,233

Top-Earners Revenue

East Providence

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in East Providence.

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C

Challenging to Investors

East Providence Regulations

Owner-occupancy is required, effectively banning non‑owner‑operated STRs, and an annual Temporary Use Permit, safety inspections, and tri‑language egress signage add cost/complexity. Aggressive enforcement with fines up to $13,000/month creates high compliance risk, making the environment challenging for investors.

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About East Providence

East Providence sits in Providence County in Rhode Island, just across the Seekonk River from the state capital of Providence. With a population of roughly 47,000 residents, it is one of the larger communities in the state and functions as a practical gateway to both the Providence metro area and the wider Rhode Island coast. The city has a working-class, residential character, with a mix of older New England neighborhoods, small waterfront pockets along the bay, and commercial corridors. Its proximity to Providence — only a few minutes across the river — gives visitors easy access to the cultural and culinary draws of a state capital while staying in a quieter, more affordable setting.

One of East Providence's signature attractions is the Crescent Park Looff Carousel, a hand-carved merry-go-round built in 1895 by Charles I.D. Looff. Listed on the National Register of Historic Places, the carousel is the surviving centerpiece of the original Crescent Park amusement area, which once drew crowds to the city's shoreline. It is a long-standing local landmark and a frequent stop for visitors interested in historic New England amusement heritage.

The East Bay Bike Path is another defining feature of the area. This paved, multi-use trail runs along the western shore of Narragansett Bay, stretching roughly 14.5 miles from India Point Park in Providence to Independence Park in Bristol. It passes directly through East Providence and offers a scenic route for cyclists, runners, and walkers, with bay views and easy access to several small waterfront parks along the way.

Just across the border, Roger Williams Park in Providence is only about 10 minutes from most parts of East Providence. The 435-acre park is home to the Roger Williams Park Zoo, the Botanical Center, and the Museum of Natural History and Planetarium, making it a popular family-friendly destination within easy reach of the city.

For those willing to drive a bit further, Colt State Park in Bristol is roughly 20 minutes southeast along the bay. This Rhode Island state park features open fields, wooded trails, and panoramic views of Narragansett Bay, and is a favorite spot for picnicking, cycling, and sunset watching.

East Providence's appeal as a short-term rental base comes from its balance of accessibility and value. Guests can step out the door onto the East Bay Bike Path, reach downtown Providence in minutes for dining, museums, and seasonal events, and make easy day trips to coastal Bristol, Newport, or the South County beaches. With its central location in the smallest U.S. state and a quieter character than its neighbor across the river, it offers a flexible home base for travelers exploring Rhode Island and the rest of southeastern New England.

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