Rhode Island ranks 2nd nationally in population density per sq mile while ranking last in new construction deliveries per capita. Providence, in particular, earned top 3 honors amongst the nation’s hottest real estate markets in 2025. The RI real estate market has been trending for the last three consecutive years and continuing to gain momentum – highlights include high-level education & top-ranked medical, increased inbound migration since 2020, and a sizeable existing population with historically high occupancy – creates an environment for continued appreciation and steady rent growth for the long-term.