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Cranston, RI

Full City Profile · Rhode Island · Kent County County

3.5 /5.0
B+ Good
82,632 Population 2,915/sq mi density
$87,716 Median Income $44,045 per capita
$348,800 Home Value $439,251 Zillow
$1,332 Median Rent 29.5% income on rent
53°F Avg Temperature 264 sunny days/yr
156 Violent Crime/100K 1,362 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$87,716 median income, 3.8% unemployment
A
Affordability
4.4 / 5.0
$348,800 home value, $1,332/mo rent
F
Safety
1.0 / 5.0
156 violent crimes/100K
B+
Education
3.9 / 5.0
35.8% bachelor's degree or higher

Housing Overview

Median Home Value
$348,800
24% above
US avg: $281,900
Median Rent
$1,332/mo
15% above
US avg: $1,163/mo
Homeownership Rate
67.3%
3% above US avg (65.4%)
Total Housing Units
34,080
Median year built: 1958

Home Value by Source

Census Median
$348,800
Zillow (ZHVI)
$439,251
Median Sale Price
$489,500
Median List Price
$529,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

67.3%
Owner-Occupied
32.7%
Renter-Occupied
67%
33%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,325/mo
1 Bedroom
$1,394/mo
2 Bedroom
$1,727/mo
3 Bedroom
$2,099/mo
4 Bedroom
$2,449/mo
Census median rent: $1,332/mo · Zillow rent: $1,979/mo

Market Indicators (Redfin)

Median Days on Market
33 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
36
Price Drops
16.9%
of listings with price reduction
Price Per Sq Ft
$278
Active Inventory
83
homes for sale

Affordability & Housing Stock

Rent Burden
29.5%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
67.3%

Complete Housing Data

Home Values

Census Median Value$348,800
Zillow Home Value (ZHVI)$439,251
Median Sale Price$489,500
Median List Price$529,900
Price Per Sq Ft$278

Rent

Census Median Rent$1,332
Zillow Rent (ZORI)$1,979
FMR Studio$1,325
FMR 1-Bedroom$1,394
FMR 2-Bedroom$1,727
FMR 3-Bedroom$2,099
FMR 4-Bedroom$2,449

Market

Days on Market33
Sale-to-List Ratio1.0%
Price Drops16.9%
Homes Sold36
Active Inventory83
Price Per Sq Ft$278

Ownership & Stock

Owner-Occupied67.3%
Renter-Occupied32.7%
Homeownership Rate67.3%
Total Housing Units34,080
Median Year Built1958
Rent Burden29.5%