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These days, finding an affordable place to live in the Central Falls area can be challenging. Home prices in Central Falls are now at a median cost of $352,564, lower than the Rhode Island average of $438,271.
The average cost of rent is $1,189/mo in Central Falls, primarily driven by the current value of real estate in the Central Falls area. In Central Falls, 74.57% of households rent, and 29.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Central Falls is $4,143 per month. Households that rent pay about 28.71% of their income on rent here. Central Falls’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pawtucket, RI: equally priced homes
- Valley Falls, RI: equally priced homes
- Lincoln, RI: higher priced homes
- Rumford, RI: higher priced homes
- Providence, RI: higher priced homes
- North Providence, RI: equally priced homes
- Seekonk, MA: higher priced homes
- Cumberland, RI: higher priced homes
- East Providence, RI: equally priced homes
- Attleboro, MA: higher priced homes
Cities with Similar Populations
- Eden, NC: less expensive homes
- Stoneham, MA: higher priced homes
- Stanwood, WA: higher priced homes
- South San Jose Hills, CA: higher priced homes
- South Burlington, VT: higher priced homes
- Socastee, SC: less expensive homes
- Siloam Springs, AR: less expensive homes
- Short Pump, VA: higher priced homes
- Shiloh, PA: less expensive homes
- Seymour, TN: less expensive homes
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