Market Overview
Home Prices in Central Falls, RI
The median home value in Central Falls, RI is $385,611 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Central Falls are priced6% below average. Central Falls is part of the Providence-Warwick, RI-MA metro area.
Over the past five years, Central Falls home values have risen by approximately34.0%, reflecting strong long-term appreciation in this market.
Price History
Central Falls Home Price Trend
City Comparison
Central Falls vs. National Median
At $385,611, homes in Central Falls cost 6% below the national median of $410,000. This makes Central Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Central Falls?
20% Down Payment
$77,122
on $385,611
Monthly P&I
$2,011/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,554/mo
incl. taxes & insurance
Income Needed
$102,160
gross annual (30% rule)
10% Down Option
$38,561
+ PMI applies
Loan Amount (20% dn)
$308,489
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Central Falls, RI?
The median home value in Central Falls is $385,611 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Central Falls?
Over the past year, home values in Central Falls have increased by 1.4%. Over five years, prices have risen approximately 34.0%.
How much do I need to earn to buy a home in Central Falls?
To comfortably afford the median home price of $385,611 with a 20% down payment ($77,122) at today's rates (6.8%), you'd need a gross annual income of approximately $102,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Central Falls compare to the national average home price?
The national median home value is approximately $410,000. At $385,611, homes in Central Falls are 6% below the national average.
What metro area is Central Falls part of?
Central Falls is part of the Providence-Warwick, RI-MA metropolitan area. Home prices and market conditions can vary across the broader metro region.