Investment metrics, interactive calculators, and data-driven analysis for Cranston rental properties.
Pre-filled with Cranston medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Cranston.
Cranston, RI has a population of 83,000 and has been growing at 0.2% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $335,000 paired with median rents of $1,550/mo produces an estimated cap rate of 3.03%.
Property taxes at 1.44% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 5.8x, homes cost about 5.8 times the local median income of $58,200. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.7% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Cranston is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.