Skip to main content

Area data

Central falls, RI — ZIP 02863

Population: 22,701 (Census ACS)

The median home value in ZIP 02863 (Central falls, RI) is $383,460 — up 1.0% over the past year. Homes sell for a median $610,000 after a median 34 days on market. Typical rent runs $1,694/month. 9 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with coldwave, heatwave, icestorm the top-rated hazards. Cost of living is 1.0% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$383,460

Median home value

+1.0%

1-year change

34

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$383,460
1-year appreciation
+1.0%
3-year appreciation
+15.2%
5-year appreciation
+33.9%
10-year appreciation
+129.7%
All-time peak (2026-03)
$386,738
House Price Index (state)
428.0 (+4.1% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$610,000
Median list price
$665,000
Median price per sqft
$173
1-year sale-price change
+9.4%
Median days on market
34 days
Homes sold (recent period)
9
For-sale inventory
4
Sale-to-list ratio
97.7%
Active listings
6
1-year forecast
+2.1%

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,694/mo
1-year rent change
+3.8%
Studio fair-market rent
$1,207/mo
1BR fair-market rent
$1,509/mo
2BR fair-market rent
$1,921/mo
3BR fair-market rent
$2,498/mo
4BR fair-market rent
$2,882/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
99.0 (100 = US avg)
Electricity rate (state-level)
29.5¢/kWh
Natural gas rate (state-level)
$21.70/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
9
Elementary schools
5
Middle schools
2
High schools
1
Charter schools
3
School districts serving the area
Learning Community, Segue Institute for Learning, Blackstone Valley Prep A RI Mayoral Academy
Schools include
The Learning Community, Segue Inst for Learning, Blackstone Valley Prep Jr High, Calcutt Middle School, G. Harold Hunt School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
coldWave, heatWave, iceStorm, inlandFlooding, lightning
Notable hazard ratings (county)
coastalFlooding: Relatively Low · coldWave: Relatively High · drought: Relatively Low · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively High
FEMA flood zone
A12
Flood risk level
High
Wildfire risk to homes (county)
Higher than 18% of US counties
Buildings in wildfire direct-exposure zone
16.9%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
1
Nearest Superfund site
Peterson/Puritan, Inc. (3.2 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
54.0°F
Average high
62.0°F
Average low
45.0°F
Annual precipitation
61.5 in
Annual snowfall
21.1 in
USDA plant hardiness zone
7a (extreme annual low 0 to 5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
46
Days with Good air quality
217
Days with Moderate air quality
144
Highest AQI recorded (year)
125

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
14.8 / 20
Transit service frequency
413
Jobs reachable by car (30 min)
102,712
Jobs reachable by transit (45 min)
109,091

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
15
Nearest national park
Blackstone River Valley National Historical Park (1 mi)
National parks include
Blackstone River Valley National Historical Park, Roger Williams National Memorial, Touro Synagogue National Historic Site
Airports within 30 mi
23
Nearest airport
North Central State Airport (SFZ) (6 mi)
Nearest major airport
Rhode Island T. F. Green International Airport (PVD) (12 mi)
Hospitals nearby (~15 mi)
17
Hospitals include
STURDY MEMORIAL HOSPITAL, ARBOUR-FULLER HOSPITAL, SAINT ANNE'S HOSPITAL
Avg hospital rating (CMS)
2.8 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-1,506 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,944
Housing built before 1970
65.6%
Housing built 2000 or later
13.8%
Median annual property tax
$3,744
Mean commute to work
26 min
Households with broadband internet
59.4%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
249,035
Average weekly wage
$1,251
Top industries (by employment)
Health Care, Accommodation & Food, Administrative Services
Annual residential building permits (county)
223

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 02863State medianUS median
Median home value$383,460$517,445$289,727
Median sale price$610,000$551,000$325,000
Median days on market34 days34 days51 days
Typical rent$1,694/mo$2,126/mo$1,808/mo
Median annual property tax$3,744$4,962$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 02863?
$383,460.
What is the median sale price in ZIP 02863?
$610,000.
How long do homes take to sell in ZIP 02863?
Median days on market: 34 days.
What is typical rent in ZIP 02863?
Typical rent: $1,694/month.
What is the natural-hazard risk in ZIP 02863?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: coldWave, heatWave, iceStorm, inlandFlooding, lightning.
Is ZIP 02863 in a flood zone?
High (FEMA NFIP). FEMA flood zone A12.
What is the wildfire risk in ZIP 02863?
Risk to homes is higher than 18% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 02863?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 02863?
1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Peterson/Puritan, Inc., 3.2 mi.
How many schools serve ZIP 02863?
9 schools (5 elementary, 2 middle, 1 high) (NCES, 2022-23).
Is ZIP 02863 walkable?
Walkability index: 14.8/20 (EPA Smart Location Database).
What is the air quality in ZIP 02863?
Good. Median AQI: 46. (EPA AQI).
What is the cost of living in ZIP 02863?
Regional Price Parity: 99.0 (100 = US average) (Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

Selling a home in Central falls, RI?

REAIGENT7 gives every listing its own AI assistant grounded in this same public data — it answers buyer questions about the home and the area, around the clock, and sends every lead to the listing agent. Agents: it installs on your listing page, your website, or WordPress.

Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents