$399,000
2 Valley St
Central Falls, RI
4 bd3 ba1,666 sqft$239/ft²
House4,356 sqft lot
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Compass Real Estate · Central Falls, RI
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Central Falls, RI(512) 555-0184TX License #0512847
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Central Falls, RI Housing Market
Seller's market+1.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Central Falls, RI is worth $382,685, rose 1.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $446,500, -9.8% year over year (through May 2026). With 2.0 months of supply and homes going under contract in about 19 days, Central Falls is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $382,685 home is about $2,043/mo in principal and interest.
Key numbers for Central Falls, RI
Typical home value
$382,685
+1.1% in 12 months
Zillow, August 2026
Typical asking rent
$1,606/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$446,500
-9.8% year over year
Redfin, through May 2026
Days on market
19
Fast-moving
Redfin, through May 2026
Active listings
8
2.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$45,921
Home costs 8.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.7%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Central Falls a buyer's or seller's market?
Seller's market2.0 months of supply19 days on market100.7% of asking
Central Falls, RI is a seller's market, based on 2.0 months of supply and homes selling in about 19 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Central Falls housing market data show?
Every row below is Redfin's final published month for Central Falls, RI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $446,500 |
| Median list price | $630,000 |
| Year-over-year price change | -9.8% |
| Median price per sq ft | $170/sq ft |
| Median days on market | 19 days |
| Active inventory | 8 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.7% |
| Homes sold (that month) | 4 |
| New listings (that month) | 6 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Central Falls is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Central Falls is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Central Falls home prices moved?
Over the last three years the median sale price in Central Falls, RI rose 9.3%, from $408,500 to $446,500. The live Zillow value series has rose 1.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.0% of Central Falls listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 100.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Central Falls?
Priced off the typical home value of $382,685 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $76,537 | $306,148 | $2,043/mo |
| 5% | $19,134 | $363,551 | $2,426/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,043, that implies roughly $87,556 a year before you add taxes and insurance. The median household in Central Falls earns $45,921, about $41,635 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 8.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Central Falls in the next 12 months?
Tell us your timeline. We send the Central Falls market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Central Falls?
Typical asking rent in Central Falls, RI is $1,606/mo, against a typical home value of $382,685. That is a price-to-rent ratio of 19.9x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,043 a month — $437 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Central Falls?
Active listings in Central Falls, RI went from 11 in May 2025 to 8 in May 2026, a -27.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 13 | 6 |
| July 2025 | 17 | 13 |
| August 2025 | 16 | 8 |
| September 2025 | 13 | 4 |
| October 2025 | 13 | 8 |
| November 2025 | 12 | 5 |
| December 2025 | 12 | 3 |
| January 2026 | 16 | 8 |
| February 2026 | 15 | 4 |
| March 2026 | 12 | 7 |
| April 2026 | 11 | 10 |
| May 2026 | 8 | 6 |
Redfin, through May 2026
How does Central Falls compare to Rhode Island and the U.S.?
Central Falls homes sell for $446,500 — 17% below the Rhode Island median of $536,900. Against the national median of $410,700, Central Falls runs 9% higher. Year-over-year, Central Falls moved -9.8% against Rhode Island's +3.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Central Falls, RI | $446,500 | -9.8% | 19 days |
| Rhode Island statewide | $536,900 | +3.3% | 26 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Central Falls
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $383 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $382,685 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Central Falls listing goes under contract in 19 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.7% of asking. Price at the number you want and let competition do the rest.
- In the last published month Central Falls added 6 new listings against 4 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Central Falls varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Central Falls
There are currently 8 homes listed for sale in Central Falls, Rhode Island. The median listing price is $630K. Featured listings range from $399,000 to $1,050,000.
$425,000
396 Roosevelt Ave
Central Falls, RI
3 bd2 ba2,769 sqft$153/ft²
Condo
View photos & details
$475,000
29 Jenks Ave
Central Falls, RI
5 bd3 ba3,612 sqft$132/ft²
House17,860 sqft lot
View photos & details
$499,000
129 Liberty St
Central Falls, RI
4 bd4 ba2,068 sqft$241/ft²
Multi-family5,000 sqft lot
View photos & details
$549,999
7 Fales St
Central Falls, RI
7 bd3 ba2,600 sqft$212/ft²
Multi-family5,001 sqft lot
View photos & details
$665,000
108 Sumner Ave
Central Falls, RI
10 bd3 ba4,412 sqft$151/ft²
Multi-family4,356 sqft lot
View photos & details
$669,900
35 Rand St
Central Falls, RI
12 bd3 ba4,170 sqft$161/ft²
Multi-family7,307 sqft lot
View photos & details
$699,990
85 Hendricks St
Central Falls, RI
9 bd3 ba2,995 sqft$234/ft²
Multi-family5,663 sqft lot
View photos & details
$725,999
76 Sylvian St
Central Falls, RI
12 bd6 ba4,263 sqft$170/ft²
Multi-family4,263 sqft lot
View photos & details
$789,000
1270 Broad St
Central Falls, RI
6 bd4 ba4,350 sqft$181/ft²
Multi-family4,356 sqft lot
View photos & details
$979,000
546 Lonsdale Ave
Central Falls, RI
4 bd3 ba3,669 sqft$267/ft²
Multi-family10,454 sqft lot
View photos & details
$1,050,000
70 Lincoln Ave
Central Falls, RI
15 bd6 ba7,488 sqft$140/ft²
Multi-family4,792 sqft lot
View photos & details
Looking to buy in Central Falls?
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Active listings
8
Homes on market
Median list price
$630K
Avg. days on market
19
Days until sale
New this week
6
Newly listed
Price drops:25.0%of listings
Sale-to-list:100.7%
How much do homes cost in Central Falls by property type?
How the Central Falls, RI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $422,500 | $141/sq ft | 2 | 18 days |
| Condo / co-op | $408,000 | $147/sq ft | 1 | 204 days |
| Townhouse | $310,000 | $179/sq ft | 1 | 113 days |
Who lives in Central Falls?
American Community Survey estimates for Central Falls. U.S. Census ACS, 2023
Population
22,481
Households
7,487
Median income
$45,921/yr
Median age
31.9 years
Owner-occupied
28.6%
Median home value
$300,500
Median gross rent
$1,118/mo
Mean commute
24.8 min
28.6% of occupied homes in Central Falls are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $300,500 against Zillow's $382,685 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,118/mo, below Zillow's $1,606/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Central Falls?
10 schools tracked · 3,747 students
The largest public schools serving Central Falls, RI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Central Falls Sr High
Grades 9-12 · 805 students
The Learning Community
Grades K-8 · 571 students
Calcutt Middle School
Grades 6-8 · 469 students
Ella Risk School
Grades K-5 · 386 students
Veterans Memorial Elementary
Grades K-5 · 377 students
Segue Inst for Learning
Grades K-8 · 358 students
Blackstone Valley Prep Jr High
Grades 7-8 · 326 students
Raices Dual Language Academy
Grades PK-5 · 225 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Central Falls, RI?
Ordered by distance from Central Falls, not by size. Compare Central Falls side by side with any of them.
Central Falls housing market FAQ
Is Central Falls a buyer's or seller's market?
Central Falls, RI is currently a seller's market. That read comes from 2.0 months of supply, homes going under contract in about 19 days, and sellers getting 100.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Central Falls?
The typical home in Central Falls, RI is worth $382,685 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $446,500, about $170 per square foot.
Is Central Falls cheaper than the rest of Rhode Island?
Central Falls's median sale price of $446,500 is 17% lower than the Rhode Island statewide median of $536,900, and 9% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Central Falls?
Homes in Central Falls, RI spent a median of 19 days on market before going under contract, versus 26 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Central Falls?
At the current 30-year fixed rate of 7.03%, 20% down on a $382,685 home is about $2,043 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $87,556 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $45,921.
Are home prices rising in Central Falls?
The typical home value in Central Falls, RI rose 1.1% over the last 12 months, from $378,530 to $382,685 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Central Falls?
Central Falls ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Central Falls?
That depends on your timeline, not on a headline. What the data says today: Central Falls, RI is a seller's market with 2.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 19.9x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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