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Cranston city, RI

ZIP 02921 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02921

Median Home Value
$523,900
Median Rent
$1,189
Affordability Snapshot
$144,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,365/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

36.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02921 in Cranston city, RI, a household would need roughly $144,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,365. That is roughly in line with the local median household income ($135,500). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
84.7%+29% vs US avg
x
Vacancy Rate
1.4%-87% vs US avg
x
Broadband Access
95.5%+10% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
15.5%-69% vs US avg
x
Mortgage-Free
28.0%-27% vs US avg
x
$523,900
Home Value
$1,189
Rent
1989
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached80.4%
  • 1-unit attached5.1%
  • 2-9 units2.8%
  • 10+ units11.4%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$523,900
Median rent$1,189
Owner-occupied84.7%
Vacant1.4%
Price-to-income3.9x
Est. income to buy$144,000