Why Live in Elmwood
Elmwood, a historic neighborhood in Providence, offers a unique architectural experience with homes built between 1845 and 1930, showcasing Italianate, Queen Anne, Colonial Revival, and Tudor styles. Many of these homes are listed on the National Register of Historic Places, and the area includes both fixer-uppers and multi-family properties. Residents enjoy several parks, including Peace and Plenty Park, Jennifer Rivera Memorial Park, and Miguel Luna Park, which features a water park and sports facilities. Just south of Elmwood, Roger Williams Park spans 435 acres and hosts numerous attractions such as the Museum of Natural History and Planetarium, the Roger Williams Park Botanical Center, and the Temple to Music. Elmwood Avenue, the neighborhood's main street, is lined with boutiques, restaurants, and bus stops, providing convenient access to various points of interest throughout Providence. Dining options in Elmwood include Apsara Asian Restaurant and Raphael Restaurant, offering diverse culinary experiences. The neighborhood is bordered by Interstate 95 to the south, Broad Street to the east, and U.S. Route 1 to the west, facilitating easy travel to other parts of the city. Elmwood's blend of historic charm, recreational spaces, and diverse dining makes it a notable residential area in Providence.
Frequently Asked Questions
Is Elmwood a good place to live?
Elmwood is a good place to live. Elmwood is considered fairly walkable and bikeable with some transit options. Elmwood is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Elmwood has 6 parks for recreational activities. It is very dense in population with 23.7 people per acre and a median age of 34. The average household income is $49,321 which is below the national average. College graduates make up 23.3% of residents. A majority of residents in Elmwood are renters, with 75.8% of residents renting and 24.2% of residents owning their home. A
local real estate agent serving Elmwood can help you decide if this neighborhood is the right one for you. Learn more on our
Elmwood neighborhood guide.
Is Elmwood, RI a safe neighborhood?
Elmwood, RI is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Elmwood?
The median home price in Elmwood is $337,000. If you put a 20% down payment of $67,400 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,750 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $75K a year to afford the median home price in Elmwood. The average household income in Elmwood is $49K.
What are the best public schools in Elmwood?
The best public schools that serve Elmwood are:
What are the best private schools in Elmwood?
The best private schools that serve Elmwood are:
What are the most popular zip codes in Elmwood, Providence, RI?
What are the most popular neighborhoods near Elmwood, Providence, RI?
Are home prices dropping in Elmwood?
Yes, home prices in Elmwood are down 27% in the last 12 months.
Home Trends in Elmwood, RI
On average, homes in Elmwood, Providence sell after 42 days on the market compared to the national average of 70 days. The median sale price for homes in Elmwood, Providence over the last 12 months is $285,000, down 30% from the median home sale price over the previous 12 months.
Median Sale Price
$285,000
Median Single Family Sale Price
$370,000
Median Townhouse Sale Price
$424,800
Median 2 Bedroom Sale Price
$456,000
Average Price Per Sq Ft
$236
Number of Homes for Sale
7
Last 12 months Home Sales
44
Median List Price
$337,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-30%