USA.com / Rhode Island / Providence County / Central Falls, RI / 02863 / Housing

02863 Zip Code Housing

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As of 2010-2014, median price of a house in 02863 Zip Code is $160,500, which is lower than the state average of $241,200 and is lower than the national average of $175,700. The 02863 Zip Code median house value has grown by 80.74% since 2000. The growth rate for the price of a house in 02863 Zip Code is about the same as the state average rate of 81.35% and is higher than the national average rate of 46.91%. The median year that a house in 02863 Zip Code was built is 1939, which is older than the median year for a house built in the state which is 1958 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,762 Owner Occupied Houses in 02863 Zip Code, see rank

02863 Zip Code	160,500 USD
Rhode Island	241,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

02863 Zip Code	80.74%
Rhode Island	81.35%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	02863 Zip Code	Rhode Island	U.S.
Total Housing Units	7,730, see rank, 100%	462,930	132,741,033
Occupied Housing Units	6,415, 82.99%, see rank	88.47%	87.55%
Owner Occupied	1,762, 22.79%, see rank	53.32%	56.34%
Renter Occupied	4,653, 60.19%, see rank	35.15%	31.21%
Vacant Housing Units	1,315, 17.01%, see rank	11.53%	12.45%
For Rent	441, 5.71%, see rank	2.57%	2.34%
For Sale Only	46, 0.60%, see rank	1.04%	1.20%
Rented or Sold, Not Occupied	61, 0.79%, see rank	0.70%	0.92%
For Seasonal, Recreational, or Occasional Use	16, 0.21%, see rank	3.90%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	751, 9.72%, see rank	3.30%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #62

02863 Zip Code	Rhode Island	U.S.
1939	1958	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	02863 Zip Code	%	Rhode Island	U.S.
Owner-Occupied Units	1,762	100%	246,829	74,787,460
With a Mortgage	1,243	70.54%, see rank	70.79%	65.58%
Without a Mortgage	519	29.46%, see rank	29.21%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

02863 Zip Code	1,693 USD
Rhode Island	1,867 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	02863 Zip Code	%	Rhode Island	U.S.
$299 or Less	0	0.00%, see rank	0.18%	0.20%
$300 to $499	8	0.64%, see rank	0.71%	1.59%
$500 to $699	6	0.48%, see rank	1.55%	5.01%
$700 to $999	79	6.36%, see rank	5.49%	14.32%
$1,000 to $1,499	306	24.62%, see rank	21.15%	27.90%
$1,500 to $1,999	453	36.44%, see rank	28.37%	20.35%
$2,000 to $2,999	370	29.77%, see rank	31.18%	19.52%
$3,000 or More	21	1.69%, see rank	11.37%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

02863 Zip Code	37.00% of the Total Income
Rhode Island	25.80% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	02863 Zip Code	%	Rhode Island	U.S.
10% or Less	0	0.00%, see rank	4.83%	5.86%
10% to 20%	191	15.37%, see rank	26.66%	31.95%
20% to 30%	313	25.18%, see rank	29.46%	27.64%
30% to 40%	202	16.25%, see rank	15.46%	13.74%
40% or More	537	43.20%, see rank	23.26%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

02863 Zip Code	544 USD
Rhode Island	679 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	02863 Zip Code	%	Rhode Island	U.S.
$199 or Less	9	1.73%, see rank	1.30%	7.76%
$200 to $299	21	4.05%, see rank	2.55%	14.70%
$300 to $499	182	35.07%, see rank	16.45%	34.63%
$500 to $699	183	35.26%, see rank	33.33%	21.16%
$700 or More	124	23.89%, see rank	46.38%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

02863 Zip Code	21.50% of the Total Income
Rhode Island	15.60% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	02863 Zip Code	%	Rhode Island	U.S.
10% or Less	74	14.26%, see rank	27.38%	40.19%
10% to 20%	163	31.41%, see rank	34.08%	31.47%
20% to 30%	123	23.70%, see rank	15.57%	12.24%
30% to 40%	66	12.72%, see rank	7.92%	5.64%
40% or More	85	16.38%, see rank	13.73%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	02863 Zip Code	Rhode Island	U.S.
Total Housing Units	7,730, 100%	462,930	132,741,033
1-unit, Detached	890, 11.51%, see rank	54.96%	61.65%
1-unit, Attached	111, 1.44%, see rank	3.29%	5.82%
2 Units	1,275, 16.49%, see rank	11.46%	3.75%
3 or 4 Units	3,786, 48.98%, see rank	12.76%	4.43%
5 to 9 Units	1,026, 13.27%, see rank	5.05%	4.78%
10 or More Units	642, 8.31%, see rank	11.46%	13.08%
Mobile Home, Boat, RV, Van, etc.	0, 0.00%, see rank	1.03%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	02863 Zip Code	Rhode Island	U.S.
Total Housing Units	7,730, 100%	462,930	132,741,033
1 Room	195, 2.52%, see rank	2.17%	1.95%
2 Rooms	455, 5.89%, see rank	2.93%	2.48%
3 Rooms	1,014, 13.12%, see rank	9.92%	9.13%
4 Rooms	1,856, 24.01%, see rank	17.47%	16.60%
5 Rooms	2,252, 29.13%, see rank	21.11%	20.41%
6 Rooms	1,349, 17.45%, see rank	19.07%	18.06%
7 Rooms	312, 4.04%, see rank	11.34%	12.27%
8 Rooms	147, 1.90%, see rank	7.63%	8.48%
9 Rooms or More	150, 1.94%, see rank	8.35%	10.60%
Median Rooms	4.70, see rank	5.30	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	02863 Zip Code	Rhode Island	U.S.
Total Housing Units	7,730, 100%	462,930	132,741,033
No Bedroom	195, 2.52%, see rank	2.30%	2.17%
1 Bedroom	1,432, 18.53%, see rank	14.17%	11.16%
2 Bedrooms	2,424, 31.36%, see rank	29.92%	26.69%
3 Bedrooms	3,246, 41.99%, see rank	38.24%	39.70%
4 Bedrooms	334, 4.32%, see rank	12.04%	16.05%
5 or More Bedrooms	99, 1.28%, see rank	3.32%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	02863 Zip Code	Rhode Island	U.S.
Total Housing Units	6,415, 100%	409,569	116,211,092
Utility Gas	5,224, 81.43%, see rank	51.13%	48.85%
Bottled, Tank, or LP Gas	48, 0.75%, see rank	2.34%	4.86%
Electricity	620, 9.66%, see rank	9.15%	36.68%
Fuel Oil, Kerosene, etc.	422, 6.58%, see rank	34.82%	5.86%
Coal or Coke	10, 0.16%, see rank	0.11%	0.12%
Wood	38, 0.59%, see rank	1.75%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	28, 0.44%, see rank	0.42%	0.47%
No Fuel Used	25, 0.39%, see rank	0.26%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	02863 Zip Code	Rhode Island	U.S.
Occupied Units Paying Rent	4,631, 100%	157,088	39,201,928
$199 or Less	69, 1.49%, see rank	2.27%	1.50%
$200 to $299	372, 8.03%, see rank	6.81%	3.18%
$300 to $499	274, 5.92%, see rank	7.52%	7.37%
$500 to $699	842, 18.18%, see rank	10.16%	16.01%
$700 to $999	2,218, 47.89%, see rank	32.26%	29.17%
$1,000 to $1,499	833, 17.99%, see rank	30.46%	26.88%
$1,500 to $1,999	5, 0.11%, see rank	7.43%	9.79%
$2,000 or More	18, 0.39%, see rank	3.09%	6.10%
Median	$813, see rank	$923	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	02863 Zip Code	Rhode Island	U.S.
Occupied Housing Units	6,415, 100%	409,569	116,211,092
No Vehicles Available	1,477, 23.02%, see rank	9.82%	9.12%
1 Vehicles Available	2,841, 44.29%, see rank	36.78%	33.80%
2 Vehicles Available	1,501, 23.40%, see rank	36.62%	37.48%
3 or More Vehicles Available	596, 9.29%, see rank	16.79%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.