Real Estate Investing in Cranston, Rhode Island (02910)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02910 (Cranston, RI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Cranston, RI (02910)?
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Market Analysis: 02910 Cranston
Not every below-median market is a bargain. Cranston's 02910 ZIP posts signals that favor experienced operators who can absorb the risk $414K pricing implies.
For an experienced owner, 02910 can be a a solid fit for hunting ground — but the discount at $414K reflects genuine risk that outside investors often underestimate.
Within RI, ZIP 02910 trails on several market indicators that neighboring Providence County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 02910 ZIP's population of 23,406 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategy in 02910 is an operator game, not a passive one. Put differently, entry prices of $414K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cranston:
Property Strategy for 02910
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $363,934 | $1,800 | 3.6% | +9.3% | $181,967 |
| 3BR | $404,295 | $2,170 | 3.9% | +9.1% | $134,765 |
| 4BR | $426,069 | $2,580 | 4.4% | +9.3% | $106,517 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02910 Compare?
| Metric | 02910 | Cranston | Rhode Island |
|---|---|---|---|
| Home Value | $413,929 | $508,994 | $487,363 |
| 5-Year CAGR | 7.0% | 6.9% | 8.8% |
| Avg Rent | $1,844 | $2,197 | - |
| Cap Rate | 3.5% | 3.4% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02910 (Cranston, RI). Anonymous, moderated, never written by AI.
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Property managers serving Providence County
Manage rentals here? List your business →Ferland Corporation provides professional management services for over 2,600 apartment units in the Rhode Island area, offering quality apartments and amenities. summary from their website
Zanno Property Management offers residential and multi-family property management services in Providence, including marketing, resident screening, rent collection, maintenance, accounting, and evictio summary from their website
Avellino Construction & Property Management offers property management, general contracting, investments & lending, and rentals in Providence, RI. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $413,929 |
| Monthly Rent | $1,844 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 Rent Trends
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 02910
Population: 23,406
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 02910
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Metropolitan Career Tech Ctr
Norwood School
360 High School
Alfred Lima Sr. El School
Cornel Young & Charlotte Woods
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is real estate in Cranston, RI a good investment right now?
Cranston, RI scores 3.0/5 for investability. Home values sit at $414K and rents near $1,844/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Cranston, RI better for rentals, flips, or BRRRR?
For Cranston, RI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How high is vacancy risk in Cranston, RI?
Cranston, RI carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,844/mo.
How strong is tenant demand in Cranston, RI?
Working renters make up the core of the Cranston, RI tenant base. The pool is reasonable for investors targeting long-term holds.
How do home values compare in Cranston, RI?
Homes in Cranston, RI typically sell near $414K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
You know 02910 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02910 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 02910 ranks in Providence-Warwick, RI-MA
Every ZIP in this metro, ranked. Free.
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