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.