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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Central Falls, RI Housing Affordability Index

Central Falls, Rhode Island has an MBR Housing Affordability Index score of 62.2 (Significantly Less Affordable) as of October 30, 2026, ranking 22nd most affordable of 24 scored Rhode Island cities, compared with 81.2 statewide and 97.4 nationally. On a median-priced $352,100 home with 20% down, the Rhode Island average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $1,920, or 47% of the city’s $49,285 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Central Falls is updated every night from live Rhode Island mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Central Falls MBR-HAI 62.2 Significantly Less Affordable
Rank in Rhode Island 22 of 24 1 = most affordable
Rhode Island 81.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.24% Rhode Island lenders
Median home value $352,100 U.S. Census Bureau

Central Falls is 19.0 points below the Rhode Island score. Scores as of October 30, 2026. See the Rhode Island index

View Central Falls Mortgage Rates

What It Takes to Buy in Central Falls

$1,920/mo
Principal & Interest
Median home, 20% down, 7.24%
$82,300
Income Needed
To keep the payment at 28% of income
$49,285
Median Household Income
Rhode Island: $87,796
7.1x
Price-to-Income Ratio
Rhode Island: 4.6x
$1,640/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,768/yr
Median Property Tax
1.07% of median value
65.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
54.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Central Falls, Rhode Island. The rate is the Rhode Island average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Central Falls Ranks in Rhode Island

Least affordable in Rhode Island
#20Providence72.9 #21Harrisville71.1
#22Central Falls62.2
#23Newport59.7 #24Hopkinton51.4
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Cite the Central Falls Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Central Falls, Rhode Island score: 62.2 (Significantly Less Affordable), ranked 22 of 24 Rhode Island cities. monitorbankrates.com/housing-affordability-index/rhode-island/central-falls”