According to statistics, the population in Cranston, RI amounts to 80,979, which shows decline 0% compared to the previous year. The median age of the city’s residents is 41. The average household income is $64,282, shifting growth 4% from the past year, and the average property value in Cranston, RI growth 4% to $219,900 throughout the year.
|Number Of Employees||39,268|
|Median Property Value||$219,900|
The average household income in Cranston, RI grew from $61,646 to $64,282 in the past year. This data is an estimate based upon 30,515 households in Cranston, RI . The chart below presents how household income is distributed in Cranston, RI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Cranston, RI shifted from $212,200 to $219,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Cranston, RI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Cranston, RI properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cranston, RI compared to median property taxes around the country. The prevalent amount of property taxes in Cranston, RI equals $3000, which is less than the national average.
|Apartment Size||Jun||vs Last Month|
|1 bed for sale||$292,500||-2.5%|
|2 bed for sale||$269,933||-16.7%|
|3 bed for sale||$362,450||-33.3%|
|4+ bed for sale||$449,000||+28.3%|
During Jun 2022, the average price for an apartment in/near Cranston, RI decreased by 13.8% to $325,171.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $292,500 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $269,933. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $362,450. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $449,000 for a big-family home.
|Listing Type||Jun||vs Last Month|
|Houses for sale||$391,300||-17.3%|
|Condos for sale||$275,575||-14.1%|
|Land for sale||$85,000||N/A|
According to statistics, average house is still $391,300 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $275,575.