Central Falls, RI Real Estate
According to census data in the year 2000 there were 7,270 housing units in Central Falls.
This represents a 0.9% decline from 7,337 in 1990.
Of those housing units, 7,270 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Central Falls is about 21.8%.
Central Falls's vacancy rate, including seasonal lodging, is about 7.9%.
Average household size is 2.74 people.
The majority of houses, apartments or condos in Central Falls were built after 1942.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 24.30% |
| Two Bedrooms | 31.60% |
| Three Bedrooms | 36.40% |
| Four Bedrooms | 3.50% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.12 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $88,800 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $434 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 14.80% |
| Home Equity Loan | 4.70% |
| Simple Mortgage | 54.50% |
| Debt Free | 26% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.4% |
