The story of this market
The typical home in ZIP 02863 sells for about $382,000, or $229 per square foot.
Prices are up +23.8% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 02863 — Central Falls
The residential housing market in ZIP 02863 is currently a buyer's market with rising inventory and longer days on market. While median prices have increased year-over-year, the high renter share and urban density define the local housing landscape. Data for specific metrics like price cuts and tax rates are not currently published at the ZIP level.
Best suited for renters, first-time buyers seeking lower price points, and those working in the greater Providence area who prioritize transit access.
Median prices moved up 23.8% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.9% · poverty 24.6% — a mixed stability profile.
ZCTA 02863, Providence County RI
Not determinable; specific regional comparative trends are not currently published for this ZIP.
The area is served by the Central Falls School District; school performance is frequently characterized by the challenges inherent in a dense, high-poverty urban environment.
Central Falls has a historic, densely built urban environment with flood risk primarily associated with the Blackstone River and local drainage infrastructure.
The city maintains a focus on urban revitalization and historical preservation, with momentum tied to local economic development initiatives in the greater Providence-New Bedford metro area.
Taxation is administered at the city level in Central Falls; the rate structure is determined by the municipal council as part of the annual budget process, subject to Rhode Island state law regarding tax levy caps.
Residents often rely on public transit or driving, with a commute profile centered on the Providence employment core.
Features local historic landmarks such as Jenks Park and the Blackstone River; proximity to larger regional parks and shopping in neighboring Pawtucket and Providence.
High rental demand due to a large renter-base and significant population of young adults; steady but tight market.
Mixed industry; heavily influenced by the regional service, education, and light manufacturing sectors of the Providence MSA.
Focus on urban renewal and the conversion of historic mill properties into residential or mixed-use space.
Subject to standard municipal and school districts; check local property records for specific overlay or flood-control zones.
Standard coastal/regional insurance posture; flood insurance is advised for parcels near the riverfront.
Data retrieved from data.census.gov ZCTA 02863 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Gillette Stadium4.615.3 mi
- The Xfinity Center4.211.3 mi
- Supercharged Entertainment4.511.6 mi
- Patriot Place4.615.2 mi
- Amica Mutual Pavilion4.44.8 mi
- Bally's Lincoln3.92.9 mi
- Roger Williams Park Zoo4.67 mi
- RISD Museum4.74.5 mi
- Lincoln Woods State Park4.62.2 mi
- Showcase Cinema de Lux North Attleboro4.65.1 mi
- RISD Museum4.74.5 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.817.9 mi
- Providence Children's Museum4.65.2 mi
- Blithewold Manor, Gardens & Arboretum4.717.6 mi
- The Providence Athenaeum4.84.5 mi
- Lincoln Woods State Park4.62.2 mi
- Roger Williams Park4.76.9 mi
- Slater Memorial Park4.62.8 mi
- Roger Williams Park Botanical Center4.77.5 mi
- Prospect Terrace4.74.3 mi
- The Cove | Restaurant & Marina4.317.3 mi
- Herreshoff Marine Museum4.716.8 mi
- Harbor Lights Dining Events Golf Marina4.414.1 mi
- East Providence Yacht Club4.35.1 mi
- Rhode Island Yacht Club4.68.5 mi
- Topgolf Rhode Island4.310.1 mi
- TPC Boston4.710.7 mi
- Kirkbrae Country Club4.65.3 mi
- Triggs Memorial Golf Course4.25.2 mi
- Swansea Country Club4.410.9 mi
- Wrentham Village Premium Outlets4.510.5 mi
- Providence Place4.44.4 mi
- Warwick Mall4.312.3 mi
- Garden City Center4.69.6 mi
- Emerald Square Mall44.4 mi
- Rhode Island T.F. Green International Airport4.411.7 mi
- Boston Skydive Center55.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic local park and landmark.
Features walking paths and historic riverfront access.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).