Rent to own Homes in Cranston, RI
The third-largest city in Rhode Island, Cranston is in Providence County. With a population of over 80,387, Cranston has a number of historic sites, as well as a beautiful shoreline that runs along Narragansett Bay. In 1638, a man named William Arnold built the first house in the Cranston area. Over a century later, in 1754, Cranston incorporated as a town. When it formed, Cranston had an agrarian-based economy. That changed with the Industrial revolution, which attracted large numbers of European immigrants to Cranston, who came for employment at the mills. In 2006, Money Magazine named Cranston as one of the 100 best places to live in the United States. So, if you're considering a rent to own home or a rental apartment in Rhode Island, Cranston might be a great place to begin your search.
Cranston, RI is a great place for affordable rent-to-own homes! With a median household income of over $74,425 and a median rent of $1,107, the Cranston, RI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Cranston, RI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Cranston, RI Property Resources
Rent to own Homes in Cities Near Cranston, RI
- Assonet
- Attleboro
- Attleboro Falls
- Barrington
- Bellingham
- Bristol
- Central Falls
- Chepachet
- Clayville
- Cranston
- Cumberland
- Cumberland Hill
- Dighton
- East Douglas
- East Providence
- Fall River
- Foster Center
- Foxboro
- Foxborough
- Franklin
- Greene
- Greenville
- Harrisville
- Hopedale
- Hopkinton
- Mansfield Center
- Medfield
- Middletown
- Milford
- Millis
- Millis-Clicquot
- Millville
- Norfolk
- North Attleborough Town
- North Westport
- Norton
- Norton Center
- Oakland
- Raynham Center
- Seekonk
- Sharon
- Somerset
- South Walpole
- Stoughton
- Swansea
- Taunton
- Walpole
- Whitinsville
- Woonsocket
- Wrentham
Neighborhoods in Cranston, RI
Edgewood rent to own homes Comstock Gardens rent to own homes Village rent to own homes South Aurburn rent to own homes Park View rent to own homes Auburn rent to own homes Central Auburn rent to own homes Garden Hills rent to own homes South Thornton rent to own homes Meshanticut rent to own homesPopular Zip Codes in Cranston, RI
02920 rent to own homes 02905 rent to own homes 02910 rent to own homes 02921 rent to own homesBuying a Home in Cranston, RI
Cranston, RI is seeing rapid growth and Cranston, RI's' housing market remains not optimal with an average home price that is 18% above the 2024 national average. Cranston, RI is part of Providence county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Providence is 1.31% which is above the national average, which is 0.99%.
Median Home Price in Cranston, RI
Median Rent in Cranston, RI
Top Reasons to Live in Cranston RI
Housing Numbers Cranston, Rhode Island, has 32,954 homes to house its residents. Of these, 30,954 have owners or renters living in them. Owners occupy 20,671 homes and renters live in 10,283 dwellings. The median gross rent in 2011 was $943.00. One-third of the Cranston population is renters. The median value of a house or condominium in 2011 was $225,900. The value in 2000 was $122,600. The return on housing investment over this 11-year period nearly doubled. There are more than 300 properties in Cranston, Rhode Island, available on a rental basis.
Outdoor Recreation Outdoor enthusiasts find many activities in Cranston. Swimmers enjoy the Budlong Pool, which is one of the largest outdoor swimming pools in the United States. The Cranston Country Club is invigorating for golfers. Outdoor rock climbers can learn new techniques at the Eastern Mountain Sports Climbing School. Hikers and backpackers appreciate the trails in the John L. Curran Management Area; tree species here include oak, maple, and beech. Area residents and visitors have a great time ice-skating at the Cranston Veteran's Memorial Ice Rink. Those seeking a more gentle outdoor adventure, head to Confreda Greenhouses and Farms, which features hayrides and a farmer's market on weekends.
Local Events and Festivals Providence, Rhode Island, is close to Cranston. Every summer, Cranston residents take the short drive to Providence to enjoy any of a number of jazz concerts at the Providence Summer Jazz Series. Blues, Dixieland, gospel, and more are available on a reserved seat basis. Yearly, the Annual Fall Out of Summer Arts Festival also happens in Cranston. It features art, theater, music, and food. Admission is $1. This family event has many activities, including pumpkin and face painting, contests with art themes, a street art contest, and a Dog Show Off contest. The annual Christmas tree lighting event is at Cranston City Hall the first week in December. The tree lighting ceremony officially opens the holiday season for the city. Carolers sing and Santa Claus usually makes an appearance.
Neighborhoods The neighborhoods in Cranston all have their own rich history. Here are some you should know about: