Zip 02863 (Central Falls, RI) Housing

The housing median value in 02863 Central Falls, RI is $294,300, which is lower than the US housing median value of $338,100. Despite this discrepancy, the house appreciation rate for the last year in 02863 Central Falls has been 10.78%, higher than the 8.27% increase in house values across the whole of the United States. This suggests that while house prices may be lower in 02863 Central Falls compared to the national average, they are increasing at a faster rate than elsewhere in America.

The median home cost in Central Falls (zip 02863) is $294,300. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Central Falls (zip 02863) is up 16.0%.

Average Age of Homes

- The median age of Central Falls (zip 02863) real estate is 78 years old

The Rental Market in Central Falls (zip 02863)

- Renters make up 60.2% of the Central Falls (zip 02863) population
- 1.6% of houses and apartments in Central Falls (zip 02863), 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

Housing	Central Falls, Rhode Island	United States
	8,059.0	139,647,020.0
	66	42
	$294,300	$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%

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