Cranston, RI Real Estate
According to census data in the year 2000 there were 32,068 housing units in Cranston.
This represents a 5.1% growth from 30,516 in 1990.
Of those housing units, 31,513 were located in either urbanized areas or urban clusters, and 555 were located in what is classified as a rural area.
Homeownership rate in Cranston is about 66.8%.
Cranston's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in Cranston were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 13.70% |
| Two Bedrooms | 30.80% |
| Three Bedrooms | 42.30% |
| Four Bedrooms | 9.80% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $122,500 |
| Median Price asked for vacant units | $120,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.91 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $590 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 8% |
| Simple Mortgage | 52.40% |
| Debt Free | 32.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
