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Foreclosure Homes in Central Falls, RI

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Chestnut-st-Central-falls-RI-02863
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$232,560 EMV

Chestnut St
Central Falls, RI 02863

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Home Value Estimator For Central Falls, RI

There are currently 1,895 real estate properties in Central Falls, RI, with a median automated valuation model (AVM) price of $279,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Central Falls, RI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Central Falls, RI, is $283,368.00, with the most expensive house in Central Falls, RI, topping out at $730,800.00 and the cheapest home in Central Falls, RI, clocking in at $143,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Central Falls, RI!


Rent Prices In Central Falls, RI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Central Falls, RI, is on a rollercoaster ride. The average rent price in Central Falls, RI, is $1,371.00. Indeed, when looking to rent in Central Falls, RI, you can expect to pay as little as $790.00 or as much as $1,780.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Central Falls, RI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Central Falls, RI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Central Falls, RI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Central Falls, RI and much more. Save thousands at closing with home foreclosure listings in Central Falls, RI — up to 75% off market value!


Top Reasons To Live In Central Falls, RI In 2021

Central Falls is located in Providence, Rhode Island, with an estimated municipal population of 19,568 residents. All of the best foreclosed homes for sale in Central Falls are located in the following zip code areas on Foreclosure.com: 02863. The estimated population per square kilometer (.62 miles) in Central Falls is 6,320.


Cost Of Living In Central Falls, RI

So, about how much do homes cost in Central Falls? The most recent median value of resident-owned homes in Central Falls is 159,909. An estimated 20.2 percent of households in Central Falls own their homes, with an average family size of 3.71. The median household income in Central Falls is 32,982, with7.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Central Falls, the median commute time of resident workers (in minutes) is 28.5. And last, but certainly not least, are you looking for homes to rent in Central Falls? If so, the average rent price paid by renters in Central Falls is 852, according to recent statistics.


Diversity And Demographics In Central Falls, Rhode Island

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Central Falls, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Central Falls is 30.1, split between 51.9 percent male versus 48.1 female. The percentage of residents who report being married in Central Falls is 33.2, with an average family size of 3.71.

The percentage of residents who report their race in Central Falls is as follows:

White 48.5%
Black / African American 12.7%
Asian 0.6%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0.5%
Multi-racial 7.1%
Other 29.6%

Looking for family-friendly neighborhoods in and/or near Central Falls? Or maybe you are searching for 55+ active adult communities in and/or near Central Falls?

The percentage of residents who report their age in Central Falls is as follows:

Under 10 15.5%
Aged 10-19 15.8%
20s 18.5%
30s 15.4%
40s 12.1%
50s 10.5%
60s 7.3%
70s 2.2%
80+ 2.8%

Best Schools In Central Falls, Rhode Island

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Central Falls with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Central Falls.


Pros And Cons Of Living In Central Falls, Rhode Island

How do you know that living in -- or moving to -- Central Falls is right where you need to be? Perhaps you grew up in Central Falls or already live nearby; therefore, the decision to buy a home in Central Falls is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Central Falls for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Central Falls:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Central Falls.


Reasons To Move To Central Falls, Rhode Island, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Central Falls can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Central Falls, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Central Falls, RI

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