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

Cranston, RI has a median modeled monthly cash flow of $-1,160 and a median cap rate of 3.3%, on a median sold price of $476,000. Prices changed +3.5% year over year.

What is the average cap rate in Cranston, RI?

The median cap rate across recently sold homes in Cranston, RI is 3.3%, 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 $476,000 (about $264 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.

$476,000Median sold price

$264Median $/sqft

3.3%Median cap rate

$-1,160Modeled cash flow / mo

+3.5%Appreciation YoY

4.4Months of supply

418Active listings

1,129Sold (last 12 mo)

What the Cranston numbers say

In Cranston, RI, the median home sold for $476,000 (about $264 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-1,160 of monthly cash flow. Sold prices moved +3.5% over the past year. Inventory sits at about 4.4 months of supply. 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.