Central Falls, RI Housing


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The city of Central Falls, RI is an excellent place to invest in housing. The median value of a house in Central Falls is $284,400, which is significantly lower than the US median house value of $338,100. Furthermore, the 1 year appreciation rate for houses in Central Falls has been 10.78%, significantly higher than the US 1 year appreciation rate of 8.27%. This makes Central Falls a great investment opportunity for people looking to buy a home at an affordable price that will hold its value over time.

The median home cost in Central Falls is $284,400. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Central Falls is up 16.0%.

Average Age of Homes
- The median age of Central Falls real estate is 78 years old
The Rental Market in Central Falls
- Renters make up 60.2% of the Central Falls population
- 1.6% of houses and apartments in Central Falls, are available to rent

DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingCentral Falls, Rhode IslandUnited States
  8,059.0139,647,020.0
  6642
  $284,400$338,100
  16.0%16.6%
  60.5%57.0%
  91.2%101.1%
  $16.43$10.98
  $3,077$2,690
  22.4%57.4%
  12.2%11.2%
  65.3%31.4%
  Vacant Housing
  1.6%1.9%
  2.1%0.4%
  0.0%0.7%
  0.3%0.4%
  0.1%3.6%
  8.1%4.1%
  Value of Owner-Occupied Housing
  6.1%2.6%
  1.0%2.4%
  0.0%2.8%
  0.8%3.9%
  1.1%4.5%
  19.1%11.3%
  29.5%13.0%
  28.4%20.1%
  10.9%13.6%
  0.0%8.3%
  0.0%9.7%
  3.0%3.9%
  0.0%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  4.1%13.6%
  4.1%13.6%
  6.4%13.6%
  7.5%13.2%
  6.0%14.8%
  6.4%13.6%
  6.6%10.0%
  8.9%4.7%
  50.4%12.2%
Commute
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