Cheap Homes in Woonsocket, RI

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Top Reasons To Live In Woonsocket, RI In 2024

Woonsocket is located in Providence, Rhode Island, with an estimated municipal population of 41,751 residents. All of the best foreclosed homes for sale in Woonsocket are located in the following zip code areas on 02895. The estimated population per square kilometer (.62 miles) in Woonsocket is 2,081.

Cost Of Living In Woonsocket, RI

So, about how much do homes cost in Woonsocket? The most recent median value of resident-owned homes in Woonsocket is 173,250. An estimated 36.4 percent of households in Woonsocket own their homes, with an average family size of 3.19. The median household income in Woonsocket is 42,595, with16.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Woonsocket, the median commute time of resident workers (in minutes) is 25.6. And last, but certainly not least, are you looking for homes to rent in Woonsocket? If so, the average rent price paid by renters in Woonsocket is 912, according to recent statistics.

Diversity And Demographics In Woonsocket, 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 Woonsocket, 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 Woonsocket is 36.3, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Woonsocket is 34.9, with an average family size of 3.19.

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

White 73.5%
Black / African American 9.6%
Asian 5.8%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.4%
Other 4.7%

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

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

Under 10 12.9%
Aged 10-19 10.9%
20s 16.2%
30s 14.4%
40s 11.6%
50s 13.6%
60s 11.7%
70s 4.8%
80+ 3.8%

Best Schools In Woonsocket, 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 Woonsocket with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Woonsocket.

Pros And Cons Of Living In Woonsocket, Rhode Island

How do you know that living in -- or moving to -- Woonsocket is right where you need to be? Perhaps you grew up in Woonsocket or already live nearby; therefore, the decision to buy a home in Woonsocket is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Woonsocket 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 Woonsocket:

  • 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 Woonsocket.

Reasons To Move To Woonsocket, Rhode Island, In 2024

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

Cheap Homes in Woonsocket, RI


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