02863, Central Falls, RI

Central Falls, RI is a small city located in the state of Rhode Island. The population of Central Falls was just over 30,000 as of the 2010 census. Central Falls is known for its beautiful Victorian homes and its rich history. The 2863 zip code covers much of the city center and includes many of the most historic and well-preserved homes in Central Falls.

Home prices in Central Falls have been on a steady rise for the past few years, reaching an all-time high in 2016. In fact, according to Zillow, the median home value in Central Falls was $119,000 as of September 2017. This represents a growth rate of 6% over the past year alone! While there are some areas within Central Falls that are more expensive than others, overall prices seem to be increasing at a very healthy pace.

One reason for this strong demand for housing in Central Falls may be its close proximity to Providence (a major metropolitan area with plenty of job opportunities). Additionally, many people who live in Central Falls commute to work in Providence or other nearby cities. This means that there is always plenty of demand for housing near major transportation hubs like highways and train stations.

While it's important to keep in mind that home prices can fluctuate greatly from one month to the next (and even from one day to the next), it seems likely that they will continue rising steadily over time in Central Falls. If you're looking for an affordable place to call home with great historical appeal, then you should definitely consider checking out this zip code!