Home Price Key
Affordable
Average
Expensive
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 $195,756, lower than the Rhode Island average of $323,786.
The average cost of rent is $954/mo in Central Falls, primarily driven by the current value of real estate in the Central Falls area. While nearly 45.26% of residents own their homes outright in Central Falls, 73.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Central Falls is $3,529 per month. Households that rent pay about 27.04% of their income on rent here. Central Falls's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Pawtucket, RI: higher priced homes
- Valley Falls, RI: higher priced homes
- Lincoln, RI: higher priced homes
- Rumford, RI: higher priced homes
- Providence, RI: higher priced homes
- North Providence, RI: higher priced homes
- Seekonk, MA: higher priced homes
- Cumberland, RI: higher priced homes
- East Providence, RI: higher 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: equally priced homes
- Short Pump, VA: higher priced homes
- Shiloh, PA: equally priced homes
- Seymour, TN: equally priced homes
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