Why Live in Olneyville
Olneyville, located 2 miles west of Providence, Rhode Island, is a neighborhood rich in history and culture. Originally farmland in the late 18th century, it evolved into a bustling textile hub, and today, its historic mills and warehouses have been repurposed into apartments, offices, and art studios. The area is known for its vibrant art scene, public art displays, and a variety of dining options. Local favorites include the iconic Olneyville New York System, famous for its wieners and coffee milk, and Mexican eateries like La Lupita Tacos Mexicanos and Mi Ranchito Restaurant. For entertainment, residents enjoy playing pool at Nolan's Corner Pub, browsing books at Riffraff Bookstore + Bar, and attending live shows at Fete Music Hall. Outdoor activities are centered around Donigain Park, which offers a playground, sports fields, walking trails, and access to the Woonasquatucket River for kayaking. The Woony River Greenway Bike Path also provides a scenic route to Providence. The neighborhood has a mix of renters and homeowners, with many living in converted historic buildings that retain original design elements. Olneyville is conveniently located near downtown Providence and TF Green International Airport, about 10 miles away, with various public transportation options available.
Frequently Asked Questions
Is Olneyville a good place to live?
Olneyville is a good place to live, receiving 3.0 stars from its residents. Olneyville is considered fairly walkable and very bikeable with some transit options. Olneyville has 6 parks for recreational activities. It is very dense in population with 22.1 people per acre and a median age of 33. The average household income is $54,024 which is below the national average. College graduates make up 19% of residents. A majority of residents in Olneyville are renters, with 79.6% of residents renting and 20.4% of residents owning their home. A
local real estate agent serving Olneyville can help you decide if this neighborhood is the right one for you. Learn more on our
Olneyville neighborhood guide.
Is Olneyville, RI a safe neighborhood?
Olneyville, RI is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Olneyville?
The median home price in Olneyville is $555,000. If you put a 20% down payment of $111,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,880 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $123K a year to afford the median home price in Olneyville. The average household income in Olneyville is $54K.
What are the best public schools in Olneyville?
The best public schools that serve Olneyville are:
What are the best private schools in Olneyville?
The best private schools that serve Olneyville are:
- Blessed Sacrament School has an A+ Niche grade, a student teacher ratio of 11:1 and an average review score of 5.0.
- Moses Brown School has an A+ Niche grade, a student teacher ratio of 8:1 and an average review score of 4.6.
- La Salle Academy has an A Niche grade, a student teacher ratio of 11:1 and an average review score of 4.3.
What are the most popular zip codes in Olneyville, Providence, RI?
What are the most popular neighborhoods near Olneyville, Providence, RI?
Home Trends in Olneyville, RI
On average, homes in Olneyville, Providence sell after 92 days on the market compared to the national average of 70 days. The median sale price for homes in Olneyville, Providence over the last 12 months is $475,000, up 98% from the median home sale price over the previous 12 months.
Median Sale Price
$475,000
Median Single Family Sale Price
$475,000
Median 2 Bedroom Sale Price
$518,000
Median 1 Bedroom Sale Price
$699,000
Average Price Per Sq Ft
$292
Number of Homes for Sale
7
Last 12 months Home Sales
30
Median List Price
$555,000
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
98%