Home Values

Cranston Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$191,200

  • 3.2% 1-year change
  • 1.5% 1-year forecast

The median home value in Cranston is $191,200. Cranston home values have gone up 3.2% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in Cranston is None. The median rent price in Cranston is $1,200, which is lower than the Providence Metro median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Cranston 6.2 homes are foreclosed (per 10,000). This is greater than the Providence Metro value of 5.5 and also greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Cranston is 7.8%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Cranston homeowners underwater on their mortgage is 21.7%, which is higher than Providence Metro at 18.2%.

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Relative ZHVI
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Cranston Market Overview

Data through Apr 30, 2015
  • $191,200 ZHVI
  • 1.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $176,610 Median sale price (Mar 31, 2015)
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Cranston Market Health

Data through Apr 30, 2015
  • 3.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 21.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

6.2 homes Cranston
5.5 homes Providence Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
East Greenwich $345,600
Scituate $236,500
Greenville $217,400
Name Median ZHVI
Johnston $175,200
Warwick $165,800
East Providence $159,600
Name Median ZHVI
North Providence $158,700
West Warwick $153,300
Providence $139,800

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $137 Median sale price / sq ft
  • No data Listings with price cut
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Cranston Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,508 Cranston
    $1,543 Providence Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,200 Rent list price
  • No data Rent list price / sq ft
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