Is Cranston, RI a good place to invest in rental property?

Cranston, RI has a median modeled monthly cash flow of $-1,155 and a median cap rate of 3.4%, on a median sold price of $489,000. Prices changed +1.9% year over year.

What is the average cap rate in Cranston, RI?

The median cap rate across recently sold homes in Cranston, RI is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cranston, RI?

The median sold price in Cranston, RI is $489,000 (about $269 per square foot).

Investing in Cranston, RI Real Estate

A data-driven snapshot of the Cranston, RI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$489,000Median sold price

$269Median $/sqft

3.4%Median cap rate

$-1,155Modeled cash flow / mo

+1.9%Appreciation YoY

7.8Months of supply

488Active listings

755Sold (last 12 mo)

What the Cranston numbers say

In Cranston, RI, the median home sold for $489,000 (about $269 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-1,155 of monthly cash flow. Sold prices moved +1.9% over the past year. Inventory sits at about 7.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Rhode Island markets to compare

See Cranston cash-flowing listings

CashFlowRE ranks every for-sale home in Cranston, RI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Cranston deals, or browse the national market data.