Cranston, RI is an attractive place to live for those looking for housing in the area. The median value of a house in Cranston is $377,700, which is significantly higher than the US house median value of $338,100. In addition, the appreciation rate for housing in Cranston was 10.02%, which is higher than the 1 year US house appreciation rate of 8.27%. This indicates that houses in Cranston are increasing in value much faster than those across the country and suggests Cranston is a great location to invest in a home.
The median home cost in Cranston is $377,700. Home appreciation the last 10 years has been 99.9%. Home Appreciation in Cranston is up 13.6%.
Average Age of Homes
- The median age of Cranston real estate is 60 years old
The Rental Market in Cranston
- Renters make up 32.4% of the Cranston population
- 1.1% of houses and apartments in Cranston, 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.